Jefferies' Goodman: 'Early' in the AI Disruption Story

Jefferies’ Laurie Goodman asserts AI disruption remains in its early stages, emphasizing long-term growth potential despite recent market gains. Tech stocks led all S&P 500 sectors higher in March 2026, reinforcing AI’s dominant role in driving equity performance. Goodman highlights persistent challenges in private markets, particularly private credit, as liquidity constraints and valuation pressures continue. She suggests institutional investors are recalibrating portfolios to balance AI-driven public market gains with private asset volatility. The discussion underscores AI’s transformative economic impact while warning of uneven adoption and lingering market inefficiencies.