Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Broken Clocks And Minor Miracles
SocGen's Albert Edwards sees something concerning in equities.
Of course, you could say that every
That second chart sure looks like a Wile E. Coyote moment to me. Can the implications of DeepSeek be so easily dismissed, or is it just taking some time for its potential impact to really settle-in on investors? We are overdue for at least a 10% correction. (Perhaps even more considering the circus that is playing out in Washington right now.)
I recently viewed a chess tournament featuring eight different AI platforms all competing for an unofficial “AI Chess Championship.” (I came across it on YouTube late one night.) The number of mistakes the various programs made, and the actual cheating that occurred–as the AI platforms struggled to understand the rules of chess–was actually quite comical. My overall take in general was that AI in its current form still has a long way to go, at least in regards to certain complicated tasks such as chess.
A big problem for AI is human bias. Having a separate consciousness means having bias. AI is built on human knowledge so it’s stuck with bias. There is no “absolute” truth to tap into so we’ll never be able to trust AI completely, declare it a god and start a new religion where tithing means submitting all personal data continuously.
I almost feel compelled by the title of the article and the affable Albert to buy some out of the money QQQ puts…if I go for an expiration date after March 14, I can channel Charlie a bit too.