Weekend Editorial

    The Weekend Editorial archive

    One idea from our models each weekend: what the evidence says, and why it differs from the popular read.

    • AI meets the price of time

      On Wednesday evening Alphabet reported results that investors found wanting, and over the next two days the selling spread across technology shares in unison and pulled the big US indices sharply lower. Beneath the indices the damage had started well before, with many of the companies tied to the…

    • AI is now spending other people's money

      Meta's new shares and debt made AI a financing story, and the 10-year yield fell 15bp on a day Brent closed near $113.

    • The crowd has already left the room

      Trend followers sit at 98% of their maximum short in 10-year Treasuries, with little left to sell and a lot to buy back.

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