Evercore Economist Torches Viral AI Report as 'Extreme'
Evercore ISI economist calls Citrini's market-shaking AI report assumptions 'extreme and improbable' but credits it as thought-provoking.
A viral AI report from Substack writer Citrini caught enough attention to rattle markets — and now Wall Street is finally pushing back.
An Evercore ISI economist has publicly criticized the report, calling its assumptions "extreme and improbable." Still, the economist conceded it's a thought-provoking exercise worth engaging with.
The real story might be what's happening behind the scenes. Most sell-side analysts have stayed conspicuously quiet about a solo Substacker apparently moving markets. The silence speaks volumes — frustration among institutional players is reportedly running high.
It's a fascinating dynamic: a single independent writer producing analysis potent enough to spook traders, while the establishment struggles to formulate a public response. The Citrini episode highlights how AI market narratives increasingly originate outside traditional Wall Street research desks.