Banking giant Goldman Sachs says the latest market rally has gone further than the underlying fundamentals justify, and has a blunt recommendation for investors tempted to chase it higher. In a new episode of Goldman Sachs’ This is the Markets podcast, Bobby Molavi, head of European Execution Services in Goldman Sachs Global Banking & Markets, says the market’s resilience has been impressive. But he points to several reasons why the risk/reward no longer favors chasing the rally, starting with the oil market. “I think it’s still hard to imagine or believe that the market has been so resilient, given the…
Author: Henry Kanapi
Henry Kanapi
Henry Kanapi is a journalist and editor covering the intersection of artificial intelligence, financial markets, and technology disruption. He has sourced, written, and edited thousands of stories on crypto, banking, and macroeconomics as Senior Editor at The Daily Hodl, where he helped shape coverage for an audience of over two million monthly readers. At CapitalAI Daily, Henry brings a decade of newsroom experience to fast-paced reporting on AI breakthroughs, market shifts, fraud cases, and regulatory battles. His focus is on accuracy, clarity, and exposing how money moves in the age of artificial intelligence. Henry’s work has been cited by leading financial outlets, investment firms, and research communities tracking the future of markets. He is committed to a high editorial standard rooted in transparency and trust.
Crypto bears are once again reeling from a marketwide rally, losing hundreds of millions of dollars as Bitcoin (BTC) and Ether (ETH) explode. Data from the digital asset analytics firm Coinglass shows that crypto bears took the brunt of the damage, suffering losses to the tune of $589.49 million in the last 24 hours. Traders who were betting that Bitcoin would fall after a sustained rally since late March were the most liquidated, losing $381.25 million over the past day as BTC soared to an intraday high of $78,347. The largest crypto by market cap has given up some of…
The world’s wealthiest person says the best way to deal with AI job disruption is for the US government to step in and issue direct checks to Americans. In a new post on X, Elon Musk says traditional monetary economics breaks down in a world where AI and robots are producing goods and services at a scale that far outpaces human labor. “Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI. AI/robotics will produce goods and services far in excess of the increase in the money supply, so…
The chief investment officer of wealth and investment management at Wells Fargo says the easy part of the market recovery is over, and that pushing the S&P 500 meaningfully higher from here will require a specific set of conditions to fall into place. In a new CNBC interview, Darrell Cronk says the recent recovery in equities has been unusually fast, but may limit upside from here. “We didn’t get to the 10% correction. We got down a little over 8-9%. But recovered in 11 trading days has been well documented from the trough. That’s one of the fastest recoveries ever…
Charles Schwab is now moving into digital assets with a new trading product aimed at everyday investors. In a new press release, the firm announces Schwab Crypto, a spot crypto trading service that will roll out in phases over the coming weeks, offering direct access to Bitcoin (BTC) and Ethereum (ETH). The service is designed to sit alongside stocks and other assets within Schwab’s existing ecosystem, including its mobile app and thinkorswim platform. Schwab says pricing will be set at 75 basis points (bps) per trade, positioning it among the lower-cost options in the market. “Pricing among the lowest in…
Banking giant JPMorgan is giving crypto a seat at the table after CEO Jamie Dimon called Bitcoin (BTC) a fraud and compared it to pet rocks for years. In a new episode of JPMorgan Asset Management’s Insights Now podcast, JPMorgan global market strategist Jack Manley says investors interested in getting into Bitcoin and crypto can start with a modest allocation. According to Manley, crypto is here to stay as more investors push for regulatory guardrails to legitimize the asset class. “You can start paying attention to this stuff, which I think pretty clearly is very interesting. You may not like…
A newly published study in the American Psychological Association (APA) journal is raising fresh concerns about what heavy reliance on generative AI tools is doing to people’s confidence in their own thinking. A study by researcher Sarah Baldeo, based on 1,923 adults in the US and Canada, finds that heavy AI users often rely on the technology to handle core mental tasks, raising questions about confidence and independence in decision-making. Participants completed 10 tasks designed to simulate real-world thinking challenges, while being allowed to use AI tools as they normally would. The study shows that most participants outsourced the thinking…
The head of US equity strategy at Citi says the market is setting up for a two-stage recovery, starting with a narrow, earnings-driven surge in one key sector before conditions emerge for a broader rally later in the year. In a new CNBC interview, Scott Chronert says the “Mag 7 plus one” names are looking good again as the market gears up for the tech sector’s upcoming earnings season. According to Chronert, Wall Street expects a continuation of a pattern investors have already seen for several quarters. “So I think what happens here, and again, we’ve been talking about this…
Nvidia chief executive Jensen Huang is sounding the alarm on China’s AI capabilities, warning that the country already possesses the infrastructure, talent and resources needed to independently build frontier AI models with demonstrated cyber offensive capabilities. In a new interview with podcaster Dwarkesh Patel, Huang pushes back on assumptions that US export controls on Nvidia chips are effective in stifling China’s ability to create cutting-edge AI models. According to Huang, China can replicate Anthropic’s AI model Mythos if it wants to. “Mythos was trained on a fairly mundane capacity and a fairly mundane amount of it by an extraordinary company.…
Crypto exchange Bitfinex says whales are gobbling up tens of billions of dollars in Bitcoin, as BTC bears provide fuel for a potential short squeeze. Citing data from digital analytics firm CryptoQuant, Bitfinex says whales have accumulated more than $20.266 billion worth of BTC in just a month. Bitfinex notes that the whale activity represents the cohort’s largest BTC accumulation haul in 13 years. “Whales accumulated 270,000 BTC in 30 days, the largest buying spree since 2013. Exchange reserves are at their lowest since December 2017. The supply to meet new demand is shrinking.” Data from the prominent crypto analytics…