S&P 500 Record Turns Junior Analysts Into Supervisors

S&P 500 gains are being read as growth, but analysts see automation. After Bessent said a Hormuz deal was near, CNBC reported a record S&P 500 and a 900-point Dow jump—removing the disruption analysis junior analysts used to produce. When AI can read the statement, map energy stocks, and draft the note, the analyst's first draft becomes supervision. If markets keep pricing out disruption risk, what gets cut next? Pick a side: growth or automation.