‘At roughly 49%, AI’s share of the S&P 500's combined market capitalization exceeds the peak concentration of every episode shown except the nineteenth-century railroad boom.’ biancoresearch.substack.com/p/the-s-and-...
108 reposts265 likes
‘At roughly 49%, AI’s share of the S&P 500's combined market capitalization exceeds the peak concentration of every episode shown except the nineteenth-century railroad boom.’ biancoresearch.substack.com/p/the-s-and-...
108 reposts265 likes
‘Concentration is only part of the story. Over the past year, the rolling 6-month correlation (green) has turned slightly negative.’ biancoresearch.substack.com/p/the-s-and-...