Hot Reads: ETFs Meet AI: Machines Don’t Always Win

AI and ETFs: The Machines Are Coming (Financial Times) 

ETFs using machine learning and natural language processing to pick stocks do not consistently outperform indexes … yet. 

El-Erian: Economy Facing Ultimate ‘Trilemma’ (Markets Insider) 

The top economist says the U.S. central bank is facing three simultaneous major obstacles. 

Is It a Bull or a Bear Market? (CNBC) 

Stocks churning in the same spot for weeks is frustrating investors.  

Bitcoin Traders Call for Calm as BTC Price Slips 10% in a Week (CoinTelegraph) 

The cryptocurrency is seeing a “logical and healthy” pullback, say commentators. 

Bond Traders Wait for Calm to Shatter With Fed ‘Breaking Stuff’ (Bloomberg) 

Key data on the docket includes Fed’s favored inflation gauge. 

Legislation or Lawsuits? (ETF Edge) 

The spot bitcoin ETF debate forges ahead. 

Jeremy Grantham: More Banking Problems May Lie Ahead (Markets Insider) 

He also warns house prices will drop and the S&P 500 could plunge 52%. 

Still Rethinking the Fed (Advisor Perspectives) 

Sometimes the Fed gets it right, such as now, by prioritizing inflation control ahead of growth. 

Institutional Investors and the Net-Zero Transition (CFA Institute) 

Partnerships among institutional investors are crucial to achieving a low-carbon economy. 

What Happens After a Bad Year in the Stock Market? (A Wealth of Common Sense) 

The year is still young, but there’s a divergence in the price action between 2022 and 2023. 

Former SEC Chair: A Security Today May Not Be a Security Tomorrow (Blockworks) 

Jay Clayton says courts are not the place to resolve asset classifications.