AI fears are hammering shares of brokers like Charles Schwab and LPL — but the humans aren’t panicking
Tehnologie
Shares of companies like Charles Schwab and LPL Financial are tanking on fears that AI will replace its stock brokers – but the humans aren’t panicking like the headlines would have you believe , On The Money has learned. Indeed, reports of the demise of the stock broker in your Rolodex are being greatly exaggerated by these recent – and admittedly large and lucrative – market bets against them, based on my chats with the actual humans who perform this vital market function. Let’s start with
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