HOWARD MARKS SAYS THE AI STUMBLES HAVE CRACKED THE IDEA THAT THE SECTOR CAN'T LOSE The Oaktree co-chair says investors are getting more careful and more skeptical about AI, and he calls that healthy, per Bloomberg. He says AI has been a crowded trade, where standards drop as prices rise. The question that matters, in his view, is whether AI can generate enough profit to justify the trillions being raised.

HOWARD MARKS: INTEREST RATES PROBABLY WON'T FALL MUCH OVER THE NEXT 1-2 YEARS Marks says investors have long viewed falling rates as a major boost for markets, but he does not expect much relief ahead. "Interest rates probably will not be going down much, if at all, in the coming year or two."