Eric Balchunas: AI Agents Render Active Mgmt Obsolete

Eric Balchunas highlighted AI agents trading with each other overnight, creating hyper-efficient markets that render much of active management obsolete. The ETF analyst tied the observation to his upcoming 2027 ETF Outlook titled Things Are About to Get Weird. Nate Geraci added that AI trading bots accelerate market efficiency and widen the performance gap for active fund managers already lagging 80 percent of large-cap US equity peers after fees. Retail information advantages shrink daily as AI commoditizes financial data, leaving little edge for traditional stock newsletter gurus or local managers.