AI is just smart and powerful enough to justify trillions of dollars in market capitalizations but just dumb and useless enough to not be able to get rid of bots.
Or at least that’s what you either have to believe or what they want you believe.
Wild:
The top 5 stocks in the $NDX 100 comprise 52% of the index's combined market cap.
The top 2 stocks, $NVDA & $MSFT, with $8 trillion in combined market cap, represent 27% of the index.
Even wilder: Since the April lows both stocks show a 95% directional price correlation.
Reporter: Do you have plans or are you considering firing Powell? What is your justification?
Trump: I was surprised he was appointed— surprised frankly that Biden put him in and extended him. We’re not planning on doing anything
Gold monthly RSI at 85+, a rare historic occurrence in context of a potential long term resistance line.
Doesn't preclude further gains, but also suggests corrective risk building.
$GLD