Market research by Danial Hazarika, mostly on stocks and bonds.https://danialhazarika.com/blog/The software slowdown is real, and so are the loan losses. The explanation most people have settled on, that AI is replacing the products, doesn't fit the data nearly as well as a simpler one: seat-based software tracks white-collar hiring, and hiring stopped.https://danialhazarika.com/blog/seat-software-and-hiring/https://danialhazarika.com/blog/seat-software-and-hiring/Mon, 26 Oct 2026 00:00:00 GMTDuring October's chip selloff, retail traders bought the dip because nobody had cancelled any orders. Credit markets were pricing a different risk: whether the companies building AI data centers can keep borrowing to pay for them.https://danialhazarika.com/blog/retail-and-credit-ai-selloff/https://danialhazarika.com/blog/retail-and-credit-ai-selloff/Sun, 25 Oct 2026 00:00:00 GMT