FinGenAi

Charts: Global Reflections - 5 key market themes | GS _/ Liquid Cooling (GSXUCOOL), Optical Networking (GSXUOPTI), and Inference (GSXUINFR) have all lagged #AI data center trade (GSTMTDAT) _/ AI concentration in SPX means a traditional benchmark hedge can hurt portfolio returns.

Global Reflections - 5 key market themes | GS _/ #AI trade keeps working. _/ Exclude AI and Secular Winners from generic market hedges while alpha shorting is difficult. _/ Add Thoughtful Shorts Patiently. _/ Don’t Short the Retail Investor. _/ Supply Chains, Global Trade & M&A.

Market Breadth has Narrowed | GS 👇 Market breadth and concentration

The recovery across sectors has been very uneven | DB _/ The recovery relative to the pre-war levels has been uneven, led very clearly by MCG & Tech followed by the Financials 👇 S&P 500 sector groups returns since Feb 27 2026

Record Outflows for Commodities Funds | Morningstar _/ Over $11 billion exited commodities funds in March a record monthly figure. Over 80% of commodities funds belong to commodities-focused category which is dominated by #Gold funds such as SPDR Gold Shares & iShares Gold Trust

Artificial Intelligence Index | Stanford University _/ US is leading #AI race but not consumer adoption. _/ AI agents improving though enterprise deployment still small. _/ AI still struggles to read a clock. _/ Biggest labs are becoming less transparent. hai.stanford.edu/assets/files/a…

Pancreatic cancer mRNA vaccine shows lasting results in an early trial _/ “The moment we have something that we think is effective, cancer cells find a way to work around it, and the solution to that is to have multiple tools to fight it.” nbcnews.com/health/cancer/…

Momentum Around #Al Adoption Is Building as Companies Cite More Quantifiable Benefits | MS _/ Companies are increasingly quantifying the benefits they are seeing from Al Adoption. Among the S&P 500, 25% mentioned at least one quantitative impact in 1Q26, up from 13% in 1Q25...

Market ready for a correction? | GS _/ Fund leverage currently sits at 98th percentile of the last 5 years. It has almost never been higher. If the market reverses course, there is no cushion—only an accelerator. 👇 US MAP index of economic surprises increased on net to +0.8:

A market correction becomes more likely if higher costs persist long enough to affect inflation, interest rates, profits and growth expectations | U.S. Bank usbank.com/investing/fina…

Alternative Investments: A Primer for Investment Professionals | CFA _/ Successful investing today is not about choosing between traditional and alternative assets but about integrating both intelligently -> Diversification -> Enhanced Returns (Alpha) ... rpc.cfainstitute.org/sites/default/…

Alternative Investments | J.P. Morgan Asset Management _/ Diversification and #AI drive private markets interest AI’s disruptive and unpredictable nature, rapid progress of DeepSeek, large-cap stocks in the “Mag7” account for 35% of the S&P 500 Index. #s=037ce8d0-a346-4f3c-ad83-b5ac640f44a4" target="_blank" rel="nofollow noopener">smallpdf.com/file#s=037ce8d…

Stocksmaxing | The Flow Show, BofA _/ Buy: commodities, Chinese equities, US consumer discretionary _/ Sell: USD _/ Fave contrarian long to trade Trump post-war pivot to address affordability to hedge H2’2020s electoral shift from "populist capitalism" to "populist socialism".

Chart: Stocksmaxing | The Flow Show, BofA _/ Macro says 𝐜𝐮𝐭𝐬 𝐧𝐨𝐭 𝐡𝐢𝐤𝐞𝐬 (max dovish 125bps cuts in Oct, max hawkish 20bps hikes in March, now 5bps cuts – Chart 5) to fall further. _/ Markets pricing in just 5bps cuts by Dec'26. 👇 US 3-month interest rate expectations

Chart: Stocksmaxing | The Flow Show, BofA _/ Flows to Know: -> Cash: $172.2bn outflow...largest outflow ever (risk-on but also tax-related...average April cash outflow was $41bn past 4 years vs. $103bn this year). 👇 Flows to money market funds, weekly s 4-week moving average

Hedge Fund Leverage in Treasuries at Record Highs _/ HFs own a record-high 8% of US Treasuries, and with combined repo and prime brokerage borrowing exceeding $6 trillion, any forced unwind of these leveraged positions could send shockwaves through global fixed income markets ..

#AI Summit | Heath Terry, Citi _/ The most consistent message across nearly every session was the acceleration of AI technology and enterprise adoption creating a fundamental inversion in how work gets done.

Bull & Bear Indicator Up to 6.3 from 6.1 | The Flow Show, BofA Cash: $172.2B outflow, largest ever HY debt: $3.1B inflow Treasuries: $3.0B outflow EM stocks: $10.5B outflow Stocks: $11.3 inflow Japan: $4.4B outflow China: $10.8B outflow Korea: $2.5B outflow Tech: $3.8B outflow.

is Michael Burry of the big short fame A "one-trick pony" _/ he's calling the bottom in software stocks. -> personally, it's not clear to me wether #AI is done with software!