How's the stock market doing, minus AI?

The S&P 500 has hit more than two dozen record highs this year, and it’s got AI firms to thank. In fact, it’s easy to forget that a lot of other public companies are in a tough spot. In this episode, why there’s a widening bifurcation of the stock market. Plus: Rising auto loan delinquencies could be a warning sign for broader consumer strife, financial institutions kick off Q3 earnings season, and Kai explains what the yield curve tells us about the bond market.

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Read the stories in today’s episode:

• The stock market gap between AI and everything else is growing
• What to watch for in next week's Q3 earnings
• "Circular spaghetti": What the tangled AI supply chain means for regulation
• Want to know what the bond market is thinking? Check out the yield curve
• Rising auto loan delinquencies reflect the K-shaped economy