Tom Essaye Quoted in Yahoo Finance on May 31st, 2023
Stock Rally Loses Steam After AI-Fueled Euphoria: Markets Wrap
Yes, AI does have great potential and it does appear to be the ‘next big thing’. But I don’t see how that promise can offset the reality of higher interest rates and more pressure on the economy, at least not for a sustainable period…wrote Tom Essaye, a former Merrill Lynch trader who founded The Sevens Report newsletter. Click here to read the full article.