Asset Allocation
Why Soaring AI Stocks May Falter
Skepticism about long-term performance rises as the payoff of artificial intelligence now seems far off.
Skepticism about long-term performance rises as the payoff of artificial intelligence now seems far off.
The worker influx has led to moderate wage growth and thus held down inflation, according to the firm’s Arone.
Several finance savants, including Jamie Dimon, admonish that high inflation and a punk economy could stage a comeback.
Then resembles now a lot, says State Street’s Arone. And we know how the 1920s ended.
Fed Chairman Powell’s words belie the official mandate, State Street’s Arone finds.