Another day, another AI scare.
A Citrini blog post titled “The 2028 Global Intelligence Crisis” triggered another AI-driven selloff in US equities on Monday. The Goldman Sachs Software At Risk Basket fell 6% yesterday and is now down 33% year to date. Source: Bloomberg, HolgerZ
Credit card stocks down big based on Citrini Research says AI agents will eventually transact on Stablecoin payment rails and bypass interchange.
Visa -4.4% Mastercard -6.3% American Express -7.9% Capital One -8.0% Source: Bearly AI @bearlyai
The Fwd P/E of the Tech sector is now at PAR with Consumer Staples.
In other words, the market is now valuing Tech at the same multiple as boring/slow growth Staples companies. That has only happened 3 times in the last 7 years: COVID, the 2022 Bear Market, and Liberation Day. Source: David Marlin
Looking for some squeeze opportunities?
Here are the highest short interest stocks with a market cap of more than $25 billion. Top five are $MSTR, $CHTR, $CRWV, $CVOIN and $KMB Source: Markets & Mayhem @Mayhem4Markets Goldman Sachs
2026 has so far seen the second strongest relative performance for equal weight versus cap weight since 1990
Source: Bespoke
how corporates are shifting their uses of cash.
The biggest standout here is that funds are not being returned to shareholders as before, i.e., dividends and buybacks have certainly taken a hit. Source: Goldman Sachs, Ayesha Tariq, CFA @AyeshaTariq
Without comments
Source: Trend Spider
Number of S&P Stocks Beating Index Is at Record (Bloomberg)
Roughly 66% of the individual stocks in the S&P 500 are beating the index so far this year — which would put it on pace for the highest level of breadth in the market in records going back to 1986. Source: Bloomberg, Christian Fromhertz
