HSBC's Max Kettner: The AI Trade Hasn't Fundamentally Changed
FROM THE WIRE · FINANCE.YAHOO.COM
Wall Street's biggest trading desks spent weeks arguing that the stock-market rally would resume once the election was over. On Thursday, that call backfired spectacularly.Max Kettner, HSBC's Chief Multi-Asset Strategist, argues that the sharp selloff in AI and US equities does…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA major strategist's view that the AI and US equity selloff may reflect positioning and forced selling rather than a fundamental break matters for market…AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Max Kettner is HSBC's Chief Multi-Asset Strategist.
- 02He argues the sharp selloff in AI and US equities does not yet point to a fundamental break in the trade.
- 03He says positioning and forced selling may be driving the volatility.
- 04He would be comfortable with an Anthropic IPO valuation below $1 trillion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets