Goldman Sachs announced a new stock index on Friday, SPXXAI — the Standard & Poor’s 500 top US stocks, minus the AI companies: [Axios, archive] Excluding ‘AI enablers’ from th…
  • o7___o7@awful.systemsEnglish
    0·
    2 days ago

    (IIUC) Like David said, it’s a hedge against the bubble being real. GS certainly isn’t pulling back from the void yet.

    • David Gerard@awful.systemsOPMEnglish
      0·
      2 days ago

      I also didn’t say it’s a good hedge. It’ll stay uncorrelated right up to the moment you need it to, when it’ll crash in lockstep.