Citrini Research recently published a controversial report that rhetorically asked, “What if our AI bullishness continues to be right...and what if that’s actually bearish?”
Even though the authors qualified the report as “a scenario, not a prediction”, it ignited much debate among investors. As the work is labeled as speculative fiction, I am not inclined to address its points, other than to point out that it raises questions about the interaction between AI-driven productivity and employment.
In reaction, the market sold off after the report’s publication, but rebounded the next day. Software stocks, which had been under pressure over the disruptive fears of AI adoption, ended the week by stabilizing. Technology stocks broke a rising relative uptrend (dotted line) and they are testing a key relative support level.
The full post can be found here.
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