It’s a followup to the Wired article Algorithms Take Control of Wall Street.
AUTHOR
Mick Weinstein
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With upcoming economic data likely skewed by hurricane disruptions, the current figures may represent the last clear snapshot of underlying trends before the bond market faces additional uncertainty.
Plans for big-ticket purchases remained depressed with elevated prices, steep borrowing costs and reduced credit availability weighing on ordering activity. Finally, Americans called the odds for recession likely while CEOs were more sanguine, sustaining odds of roughly 35%.