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Bank Stocks Slide On Resurgent Agentic Fears
Bank Stocks Slide On Resurgent Agentic Fears
It used to be software that was the first casualty of fears of AI disruption. Today, it's the banks.
In a generally flat (and higher for tech stocks) market landscape, banks are conspicuously underperforming today, prompting questions what's the reason for the underperformance.
According to some traders, the reason is the market's newfound obsession with the latest shiny agentic models that are taking the world by storm.
As Goldman trader Gaelle Jarrousse writes, she is noting the agentic hit on bank and insurance stocks. She lays...
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