Labour Displacement
AI is displacing labour, but the pattern is more complex than simple automation. The NBER data predicts ~1.75M fewer jobs across 4 countries in 3 years. Deloitte: 36% expect 10%+ of jobs automated within a year, 82% within 3 years. But the displacement overshoot pattern is emerging — companies are rehiring after regretted AI cuts.
No market basket
This thesis is qualitative — its evidence lives in the signals feed and the research system rather than a price series.
Recent evidence 151 signals filed
19 JULY 2026
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When we're wrong
One thesis is currently moving against us — Agents as Primary Users, +9.3% since published. It stays on the board. We update priors on evidence, not on evidence we went looking for.