MarketWatch (July 30)
“One of the wildest months in recent memory for the U.S. stock market is ending on yet another remarkable note: A highflying hedge fund run by an AI wunderkind in his mid-20s has apparently just been carried out on a stretcher.” Before offloading “the bulk of its public-equity portfolio after suffering heavy losses over the past month,” Situational Awareness “had posted dazzling returns by using leverage to bet on AI-related stocks, reportedly tallying a more than 2,000% gain since its launch in September 2024.”
Tags: AI, Bet, Dazzling, Gain, Hedge-fund, Leverage, Losses, Market, Offloading, Public-equity portfolio, Remarkable, Returns, Situational Awareness, Stocks, Stretcher, U.S., Wildest, Wunderkind
Bloomberg (January 4)
“For the first year since 1989, foreigners sold Japanese stocks and missed a rally.” The TOPIX index gained 8.9% in dollars and 21% in euros, but overseas investors missed out on some gains by offloading more than 250 billion yen in Japanese shares last year. “The Topix capped a 9.9 percent gain in local-currency terms last year, its fourth straight annual increase. Combined with the yen’s resilience, that meant that the Topix outperformed the Standard & Poor’s 500 Index in dollars for the first time since 2008” and its “gain in euros was triple that of the Stoxx Europe 600 Index.”
Tags: 1989, Dollars, Euros, Foreigners, Gains, Increase, Japan, Offloading, Rally, S&P 500, Stocks, Stoxx Europe 600, Topix, Yen
