There is a wrecking ball bouncing from one stock market industry to the next and folks are calling it the “AI Scare Trade”.Any whiff of how Artificial Intelligence (AI) could potentially disrupt an existing business model or service, and stocks plunge lower. We discussed this in last week’s Ethos, “Mixed signals”, as new functionalities on Anthropic AI services impacted the software space generally. This spread to legal and other services.  This past week, the AI wrecking ball visited wealth services, r ...

Key TakeawaysGerman Economic Recovery Gains Stability: The German Economy Ministry reports increasing signs that the nation's economic recovery is becoming more stable, with indicators pointing to continued improvement at the start of the year.China's Economy Shows Mixed Signals: China's January aggregate financing surpassed estimates at CNY 7.22 trillion, and M2 money supply grew 9.0% year-over-year. However, new yuan loans of CNY 4.71 trillion fell short of the CNY 5.00 trillion forecast, painting a compl ...

As traders absorb the rupee’s sharp drop, a growing divergence in Indian market is emerging. The benchmark indexes are near record highs even as many underlying stocks remain under pressure. Read for free with your email on what could move markets today https://t.co/KRlDVdq97y ...