Commodities & Crypto Crushed As Tech Wreck Rolls On; Goldman Sees "Complete Lack Of Willingness" To BTFD

First it was SaaS (in particular, and Software in general), then Private Credit, then Insurance Brokers, then it was Financials/Broker/Wealth Managers that were hammered on Tuesday, then Real Estate Service stocks tumbled yesterday (and extended losses today), and today it is the turn of Logistics stocks to plunge as investors followed the bouncing AI disruption ball and freaked out over the sector’s vulnerability to the newest crop of artificial intelligence applications and tools that can disrupt countless industries.

CHRW's collapse is an 8-sigma event (as debate swirls whether it could be bucketed as a medium-term loser from AI... using chatbots to match loads offers efficiencies (lower headcount) but commoditization enters the conversations)...