Even after a massive valuation correction, stocks are far from screamingly cheap, going by past bear-market bottoms. At the low in October, the S&P 500 was trading at 17.3 times profits, exceeding trough valuations from all 11 previous drawdowns and topping the median of those by 30%.
Goldman Sachs Asset Management launches AI investment platform: Report
Goldman Sachs Asset Management has launched AlphaAI, an artificial intelligence investment platform. Lou D’Ambrosio will lead this new platform as chairman of Artificial Intelligence. This