Monday's market swings extended a run of AI-linked volatility. A small research outfit that has garnered a huge Substack following for macro and thematic stock research, Citrini said in its new post that software firms, payment processors and other companies formed "one long daisy chain of correlated bets on white-collar productivity growth" that AI is poised to disrupt.

Difficult to believe that Substack analyst articles can move markets with “what if” projections about the possibilities of AI to disrupt white collar jobs, which is fine imo if it does demolish them.

Also hard to believe that people are selling based on AI fears - AI infrastructure stocks rose broadly today after pushing lows in the overnight session as the DOW and S&P, & QQQ fell near 2% intraday.

IMO The AI fear trade is a bullshit narrative promoted by large capital, they are rotating out of over hyped tech stocks while blaming AI Capex, and every AI fear they can hypothisize into print and at the same time repositioning into the same name derivitives and lower cost AI infrastructure Stocks which are going to be builtout and leased out even if AI doesn’t pan out to profit in ten or twenty years.

I believe if you want to harness the power of AI you need to be on the right side of this, and the narratives being broadcast - even on Substack - are fantasy fearmongering at best, few are able to see the bright side of this.