trader

The breakthrough came when Simons started hiring codebreakers instead of traders.

In a “true crisis,” however, all correlations go to 1.0 because “traders losing money on one set of assets will need to raise cash from their winning bets,” he added.

But AI skeptics, it seems, are also opportunistic traders, and this was a chance to buy on the dip.

Robinhood gained a following with stock and options traders more than a decade ago for a killer feature: zero commissions.

Fed board members questioned whether it makes sense to cut rates again in December, and traders now see only a roughly 50% chance of that happening.