What the 10-year Treasury's move toward 4% says about AI anxiety in markets

Core Viewpoint - The movement of the 10-year Treasury yield towards 4% reflects growing anxiety in the markets regarding the impact of artificial intelligence (AI) on various industries and employment [1]. Market Summary - The S&P 500 index is currently only 1.9% away from its record close in January, indicating a resilient market despite underlying AI-related turbulence [1]. - A recent rebound in technology stocks contributed to the afternoon boost in the S&P 500, suggesting that tech companies are still a significant driver of market performance [1]. AI Concerns - Investor concerns about AI have expanded beyond fears of overspending by a few high-profile tech firms to broader worries about AI potentially rendering entire industries obsolete [1]. - There is increasing anxiety regarding the risk of AI displacing white-collar jobs, highlighting the potential socio-economic implications of AI advancements [1].