One Way to Hedge Against the AI Bubble Bursting
As usual, it’s worth looking into what’s cheap and detested.
An oil pump jack and drilling rigs in an oilfield on the shore of the Caspian Sea in Baku, Azerbaijan.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Welcome to the multi-award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
We might have to keep our FTSE 10k flatcaps on the hatstand for a bit longer yet. The UK’s blue-chip index spent much of last week flirting with the big round number, getting as high as 9,930 at one point on Wednesday. But by the end of the week our hopes for a major milestone had been dashed. For now at least.