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Forget the King – Long Live the A.I. Czar

 
   
     
   
 
MAY 08 2023
 
 
Forget the King – Long Live the A.I. Czar
   
DON YOCHAM
The Next Cambrian Explosion
 
 
 

Worried about unpredictable consequences of A.I.?

Never fear, Kamala Harris is here.

Last Thursday, President Biden named her A.I. Czar. Which I suspect is a result of her demonstrable command of complex topics and her numerous accomplishments in office.

Or maybe it’s a sign of how little either of them understand the problem.
Kamala Harris or not, A.I. cannot be regulated no matter who’s in charge.

On the one hand, A.I. will determine its own agenda. But that fact is lost on dyed-in-the-wool lifetime politicians that can’t imagine anyone or anything not surrendering its personal agency to the dictates of the state.

On the other, there are too many independent actors developing A.I. that serve their own agendas.

For example, you have obvious state actors such as China, Russia, and every other national government.

But even those aren’t monolithic efforts coordinated solely from the top. Within each nation I’m certain the defense and intelligence agencies have well-funded A.I. projects.

Can you imagine what the CIA and NSA have in the works?

To that, add the massive development efforts by corporations around the globe (it’s not all Microsoft and Google) and various open source projects (that’s how ChatGPT got its start). And I guarantee there are more than a few private, very well funded “think tanks” out there attempting to save humanity based on their vision of an optimal set of A.I. priorities (I would refer them to the “first hand” listed above).

All of these actors are competing for dominance. This will result in a veritable Cambrian explosion of intelligence in short order. And then those intelligences will compete for dominance.

The genie is out of the botte. Pandora’s Box has been opened. The cat is out of the bag.

While I’m at it, the same is true of Bitcoin. This is true for genetic manipulation (anyone can experiment with gene editing). And, while minor in comparison, it’s true of 3D printed guns.

Political pinheads may pass all the provisions they please.

But even if Kamala Harris had an intellect capable of comprehending the scope of the charge she has been dealt, there’s no putting the genie back in the bottle.

Take What the Markets Give You.
 
 
JEFFRY TURNMIRE’S MORNING MONSTER 🎥
Another Peak at Inflationary Beast
 
 
 

This week we get another look at CPI and PPI, the two most broadly watched inflation numbers on the planet.

Tomorrow morning, we’ll take a look at how the market shapes up in anticipation at 9:15am ET on “Morning Monster.”

Every day, I livestream what I see as the day’s big movers. I cover specific stocks and give you my rundown on all the major indices. Plus, I’ll take your requests to give whatever you want a good look.

Make sure you join me right here. 

Jeffry
CHUCK HUGHES
Unveiling the Secret: How Wall Street Makes a Killing in the Last Hour of Trading…
 
 
 

Do you see this spike going into the close of the market?

That’s an increase in volume.

For lots of different reasons, money pours into stocks right at the close. Often, it’s sneaky Wall Street piling in with huge money on particular tickers.

See how that big surge in volume caused an increase in the price of a stock that had gotten beaten down all day?

Well, imagine if you ignored the rest of the day and only focused on that final hour…

You’d cut out ALL the headaches and ALL the worry, and still get to leverage the most active time of the trading day.

That’s the remarkable advantage given to you by “Power Hour Stocks.” Two legendary traders are standing by to teach you this strategy right now… 

Chuck
MICAH LAMAR
A Sweet Uptrend For AAPL Following Earnings
 
 
 

Apple Inc. (AAPL) is enjoying higher highs and higher lows after a wonderful earnings report last week.

As you can see in the chart, the MACD had diverged from the share price, moving lower… but has now reversed upward, as well. 

Things are looking bullish, as long as we hold above $170.

As I mentioned last Monday, upcoming resistance points that we could see would be initially around $176/$177, the next is around $180, then we may be looking at all-time highs around $183/$184 – amazing when you look at where we started this year. 

We’d notified members of a low-risk buying opportunity back then at around $124, and now we’re up to around $173 and change! To learn more about my Perfect Apple Trades service, check out my latest presentation right here. 

We’ll talk again next Monday.

Enjoy your week!

Micah
GUY COHEN
Choppy Whippy Conditions Likely Until Post Earnings
 

A false breakout on Monday followed by three down days, and finally a gap up on Friday. That’s what you call challenging market conditions.

The Markets

Last week’s headline pointed to some limited upside potential but there was generally thin participation.

It’s a similar sentiment this week but with the added comment that the bearish setups do look generally tidier.

Market Outlook:

With some notable exceptions, earnings have been pretty dull. As I review at least 200 stocks, the bullish setups aren’t as attractive looking as the bearish ones.

This would suggest again, limited upside.

Guy
   
 
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