Summary

• Vanguard’s S&P 500 index fund recently passed $1 trillion in assets, and passive funds now hold a majority of the assets in the fund complex.
• There is no doubt that the AI stocks – or tech stocks to be a bit more general – have been a big influence on the market, but it isn’t a one-industry show out there.
• Software engineering – coders – is the most directly affected industry from AI, and it has certainly had an impact.
• Can the companies building the AI infrastructure generate a return on their investment that justifies their spending?

Question everything. Learn something. Answer nothing.

Euripides

Investors live in a world of noise. Every day the financial media pumps out content designed to capture your attention. An economic report will generate multiple analyses, some bullish, some bearish, looking