Market Topping Process?

2026-03-01 05:26:00 ET

Market Brief – Turmoil In AI Stocks

As we will discuss further in today’s commentary, the market remains stuck in a fairly narrow trading range. The week opened with a broad selloff after Anthropic’s (ANTHRO) expanded AI capabilities rattled software, cybersecurity, and financial stocks, with IBM (IBM) suffering its worst session since 2000. CrowdStrike (CRWD) and Zscaler (ZS) also dropped about 10% on the news. The financials sector fell more than 3% as American Express (AXP), Goldman Sachs, and Blackstone (BX) came under pressure on fears that AI could automate large portions of their businesses. A widely circulated Citrini Research piece warning of 10% AI-driven unemployment gave bears a macro narrative....

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