Daily Note | October 31, 2024 | AI Trade Faltering? Rates Up, But....

***APOLOGIES FOR THE LATE NOTE*****

Stocks opened markedly lower on the back of some earnings that came in worse than expected. Today it is Microsoft and Meta dragging down the indices about 1.5%. Microsoft was down 6% while Meta was down more than 3%.

Are we at peak A.I.? We may have reached the point where stocks would rise on the mere announcement of a…