No. of Recommendations: 0
Those of us that own Schwab were taken out behind the woodshed today.(-6%)!
The streets comments were.
“ The benchmark's broader financial index finished down 2% on Tuesday with money managers Charles Schwab SCHW.N, Ameriprise Financial AMP.N and Raymond James RJF.N among the biggest decliners. Schwab fell 6.1% while Ameriprise shares fell 4.4% and Raymond James shares lost more than 3%. Meanwhile, the S&P 500 bank index finished down 3%.
With Muse, an AI agent from Meta Platforms META.O, recently moving past ChatGPT as the most downloaded free app for iPhones, Macrae Sykes, portfolio manager at Gabelli Funds, said that investors have started to become concerned about potential competition from the app in the wealth management industry.”
Are there concerns on this board regarding AI Apps disrupting the markets & our best laid nonAI financial investment plans?
ciao
