Morgan Stanley’s report reveals AI Agents are revolutionizing software from "human-led execution" to autonomous decision-making. At Level 3 (constrained autonomy), the length of tasks automated doubles every 7 months (METR data). Case in point: Salesforce Agentforce now reconciles 100-page invoices with human-like reasoning, signaling a shift from "assistant tools" to "autonomous executors."...

The defensive strategy has been 'slapped in the face', with the performance of the market in May causing value stocks, Put Options, and fixed-income hedging tools to fail. Macroeconomic traders are 'unable to catch up or escape', as this extreme market timing challenge makes many investors realize that instead of exhausting themselves predicting Trump's next move, it is better to watch the developments.
Trump 2.0 is immersing Wall Street macro traders in an unprecedented chaotic baptism.
Trump's return to the White House has brought unprecedented uncertainty to the market. From the 'stop-and-go' of trade tariffs to the rapidly changing diplomatic relations and the flip-flopping of tax policies, each policy signal's shift hits like a heavy blow, shattering traders' established strategies.
This week, Trump became infuriated over mockery regarding the 'TACO' Trade, while a legal ruling threatened his core tariff policies, raising market concerns about retaliatory measures. However, strong corporate earnings data and bets on economic resilience ultimately revived risk appetite, and investors were not deterred by Trump's tough stance.
This 'rollercoaster' market reaction highlights a harsh reality: the traditional macro investment script has completely failed.
Priya Misra, a portfolio manager at JP Morgan Chase Asset Management, commented:
"Macroeconomic trading has never been easy, but now it is exceedingly difficult. You can bet on trends, but must absolutely avoid being repeatedly battered by the market." Macro funds are facing a historic setback.
The market trend shows divergence...