In January, the share of money in passive funds was more than 50%. — Bloomberg
US markets are doing much better than markets everywhere else, but no one seems to know why.
Yes, there are theories: Perhaps it’s the promise of Artificial Intelligence (AI), although it remains to be seen how AI will play out and who will profit. Or maybe valuations are high, and the market will come down. Or could it be that markets are doing better because no one is really thinking about them all that much?
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