It’s a followup to the Wired article Algorithms Take Control of Wall Street.
It’s a followup to the Wired article Algorithms Take Control of Wall Street.
After a secular rise in equity prices in 2023 and 2024, extended valuations and high concentration laid the groundwork for factors to stabilize market excesses. In the context of risk efficiency, the factor-driven narrative becomes even more compelling.
We are far from a level of market euphoria. There hasn’t been a peak with anywhere near the current level of low market bullishness for nearly two decades now.
The rise of the Metaverse and EV transition will be key trends to watch
It’s the ever-growing cost of royalties and licensing fees.