Apparently this, combined with tariff garbage, spooked the market. It is a long read but it helps explain some of investor sentiment right now. It seems like the markets are exceedingly twitchy.
https://www.citriniresearch.com/p/2028gic
And for those wondering about the credibility of Cintrini as a source of financial information, the piece got coverage in its very own front page segment in the WSJ today.
@12c A fake researcher?
They are a fintwit publication with a pretty large following. It surprises you they were short the stocks they stated they are bearish on? Would you expect them to be long instead?
It's very telling that the entire tailspin was caused by a fake researcher who turned out to be a hedge fund that shorted against the market and not somebody in the actual space to know about these things. Go ahead and look it up, I'll wait.
There are definitely a lot of NIMBY fights happening all over the US, including TX. I am not sure if it will matter. When there's a will, there's a way.
TX is building DCs like crazy, what are you talking about? They're about to spend hundreds of billions on new power generation in the panhandle and it ain't to charge their phones.
Look at Texas and some other states that are refusing to build new data centres for AI. This probably should spook investors and general public since we all hear that AI will save us all and at the same time will take everything from a little guy.
Today there are 5 articles at or near the top of the WSJ about AI. Investors seem to be very worried about it for one reason or another. Ultimately the market was probably due for a correction. Investors are just looking for any reason to get out. Tariff's arent helping either.
I personally think it will continue to disrupt the labor force. How bad it gets, or for how long, is anyones guess.
@cm If you're ignorant enough to think extreme wealth inequality is a good thing, you deserve to spend your days in the breadlines of the coming depression.
@b0 If you're d-mb enough to think UBI is a good thing, you deserve to be displaced and sent to the Wendy's dumpster.
Bring it on, then the wealthy will have to be taxed enough to provide UBI for everyone.
That it, unless the wealthy somehow manage to take over the country and make genocide of the former working class the acceptable solution. They're already trying to make it happen, but they keep forgetting that there are 1.25 g-ns per citizen in this country, and armed rebellion against oppressive government is about as American heritage as it gets.
They're really desperate to pin any market dips on fear of the awesome power of AI now that more are starting to see the scam for what it is