AI Disruption Triggers Wall Street's Shift from Virtual to Real: Abstract Assets Lose Luster, Tangible Investments Shine
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Gelonghui, February 7th｜In the past week on Wall Street, real economy assets outperformed the software industry and speculative assets with their solid performance. "This is clearly a rotation out of abstract assets," said Peter Atwater, founder of Financial Insyghts. "There are many similarities to what we saw in 2021. When confidence peaks, we rush to chase futuristic abstract concepts; but when confidence declines, we flee from them and instead seek tangible assets."
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