Why a Doomsday AI Blog Wiped Out $300 Billion | Prof G Markets
A viral Substack post predicting AI-driven economic collapse by 2028 triggered a massive sell-off in software stocks, accelerating a rotation toward "HALO" (Heavy Assets Low Obsolescence) investments like utilities and industrials, while Blue Owl Capital's gating of private credit fund withdrawals exposed hidden liquidity risks in the booming private credit market.