No qualifying author-owned investment thesis was confirmed in this post.
The author describes the market reaction as irrational panic but does not explicitly state a directional investment judgment (buy/sell/hold) for Thomson Reuters.
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Software stocks (IGV index) just had their worst month since the 2008 financial crisis. Why the big selloff today? Because Anthropic released an open-source prompt template on GitHub that instructs Claude how to review legal contracts. No joke, that’s it. Just a set of instructions for one niche use case in the legal segment.
Thomson Reuters down 18% today. For reference, this is like Spotify releasing a workout playlist and as a result Peloton drops 18% because “Spotify is taking over the workout space”. But not only peloton, everything else even remotely related sells off too.
Completely irrational and imo a glaring sign of severe panic and capitulation. Do with that what you will.