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Good morning: This is not a traditional Money Printer article. It’s just a note about the state of affairs in the market and in the country. On Monday, Matt Shumer released an article that hit the Drudge Report today. It sounds like what I wrote yesterday. And it centers on questions about purpose and work in the future, a topic I tackled over at Postcards a few weeks ago. I ask you to read this today because it does speak to the national concerns about AI. It speaks to the fact that, in editorial today, it's impossible to tell the difference between human and AI. Run copy through Grammarly, and you might find that only a little bit is flagged… compared to where we were six months ago. It’s only coming faster… BUT… My MessageI, too, encourage you to learn AI. And I encourage you to learn the process of prompting. Prompting is the process of reaching OUTCOMES. You tell a platform what you want… and you rework it until you reach the desired outcome. This is great because you can build whatever you want from scratch today. You can build a business using AI that wouldn’t have existed if you lacked the skills. Speciality in a lot of places is going away. I don’t take it personally. This will quickly destroy egos… and it will require a different mindset… That said… Do not outsource your accountability or relevance to AI. I recently had a conversation with a client. The client asked me about the status of a project. I told the client that I didn’t have any guidance on what we were doing… and I was still waiting on a contract and formal launch instructions. The client replied that they had sent me instructions… I looked… and it was a long email about the project, with no mention of the contract or launch date, and just a final note that they would follow up with me to get started. They never did. What I realized was that they had been using AI to manage their day-to-day. From the language patterns I’ve picked up, they were likely using ChatGPT. They likely didn’t read the email it wrote for them. It’s not the first time that I’ve had this experience. I’ve talked to people about articles they’ve written, and they didn’t remember parts of it… I’ve had discussions with people about marketing messaging… all clearly written by AI… This is going to be a serious problem if we're in transition. We’re going to see people make many mistakes because they outsource and trust the machines without ever taking the time to assess their output. While AI-First will be a critical transition for businesses, you can’t automate the human elements and behaviors. People will be eager to outsource tasks, but they’ll still want meaning in their work. And that’s another issue. I ask that you reread the piece that I wrote at Postcards a few weeks ago. Here’s the key lines…
This is going to be a very difficult process for many people. But I am a “Glass Half Full” kind of person… and I’m standing at the forefront looking for opportunities in this transition. It will be unlike anything you’ve ever seen… There will be people “striking” against the technology. They will be left behind. There will be politicians looking to ban it in certain industries. America’s productivity would be at stake. There will be winners and losers. Our job is to focus on both sides. But I’ll be expanding my coding skills… using this to find patterns that didn’t exist before. The ability to pick up Python has been a game-changer, allowing me to turn my attention beyond my traditional Equal Weight reading on indices and now program to the point where we can see Market-Cap Weighted momentum, which I didn’t even think about until we cracked this coding issue last Thursday. That’s just what we do here… at Me and the Money Printer… AI is going to have a massive impact on monetary and fiscal policy… The next step is to look outward on the impact of the markets… And, as I’ve said before, I anticipate an age of “inflation targeting” that aims to paper over the deflationary elements around this. We are getting ahead of this… There are policy issues… insider issues… momentum matters… and radical changes coming to business and markets. Let’s put our foot on the gas and make the best of it. Stay positive, Garrett About Me and the Money Printer Me and the Money Printer is a daily publication covering the financial markets through three critical equations. We track liquidity (money in the financial system), momentum (where money is moving in the system), and insider buying (where Smart Money at companies is moving their money). Combining these elements with a deep understanding of central banking and how the global system works has allowed us to navigate financial cycles and boost our probability of success as investors and traders. This insight is based on roughly 17 years of intensive academic work at four universities, extensive collaboration with market experts, and the joy of trial and error in research. You can take a free look at our worldview and thesis right here. Disclaimer Nothing in this email should be considered personalized financial advice. While we may answer your general customer questions, we are not licensed under securities laws to guide your investment situation. Do not consider any communication between you and Florida Republic employees as financial advice. The communication in this letter is for information and educational purposes unless otherwise strictly worded as a recommendation. Model portfolios are tracked to showcase a variety of academic, fundamental, and technical tools, and insight is provided to help readers gain knowledge and experience. Readers should not trade if they cannot handle a loss and should not trade more than they can afford to lose. There are large amounts of risk in the equity markets. Consider consulting with a professional before making decisions with your money.
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