This political cartoon by Jimmy Margulies highlights the rapid adoption of algorithmic trading and artificial intelligence systems on Wall Street, and maybe makes the inference that last weeks 'Blue Sunami' election had little, if any, effect on how Wall Street works.
Two panicked investors are riding a steep, chaotic rollercoaster car labeled "Wall Street." This represents the extreme, unpredictable volatility of the stock market.When one rider asks, "What kind of CRAZY rollercoaster IS this?!", a nearby fish answers, "It's driven by A.I." That's the reality. External forces be damned - it's the algorythms doing all the thinking for the bulls and bears.
The fact that he drew the rollercoaster tracks submerging beneath the ocean surface symbolizes his idea that Wall Street has plunged into unpredictable territory or is "underwater" due to automated shifts.
He alludes to the fact that there is somehow a loss of human oversight in modern financial markets - are the machines really taking over?
As AI and high-frequency algorithms take over trading decisions, they accelerate market speeds and amplify volatility, leaving human investors feeling completely out of control. In other words, just like before, we small investors don't have shit to say about how the market goes in any direction.
Sorta like that Waymo taxi you're riding in...
No comments:
Post a Comment