James Gorman, Debt Ceiling and the Equity Rally (Podcast)
Bloomberg Intelligence
00:00
The Boom of AI in the Markets
Since the beginning of the year s&p 500 up nine percent uh NASDAQ up what over twenty percentTwenty two is this being held together with spit and chewing gum it's being held together. The perverse effect of the banking crisis appears to have been that you're the amount of liquidity that was available to banks to borrow against their bonds money is fungible he finds its way to where it can make a return so that money is having an effect even though the Fed funds rate stays high. And then finally we have a genuine um a genuine boom a genuine moment of excitement this time over AI right?
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