Yesterday's Alarmism is Tomorrow's Consensus

A couple of years ago, skepticism about the AI boom was something of a fringe position. Today... not so much. From FT Alphaville [love that last line]: Over at Jefferies, head of equity strategy Chris Wood has for some time been offering clients a sum of all fears in one simple, easily ignorable package. His latest outlines his expectation of “massive capital destruction”, as token parsimony…