The AI trade just got its first real cross-examination, and the witnesses did not all help the defence. On Thursday, October 29, US equities ended lower, with the S&P 500 falling 0.30 percent, the Nasdaq declining 1.40 percent and the Dow Jones losing 135 points. The proximate cause was earnings, but the deeper cause was a question investors had been postponing all year: how much cash can...
