How to Hedge Your Portfolio Against AI Overhype
Fears of AI competition have hammered SaaS stocks. But what if the robots don’t take over?
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Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
This morning, I took a glance down the list of the worst and best-performing stocks in the FTSE 100 so far this year. On the winners list, it’s a mixed but fairly predictable bag — oil companies, resources, utilities (Iran trades), and bid targets (insurer Beazley and asset manager Schroders).