Shares of the video game retailer have risen 23% in pre-market trading after Monday’s wild session. For some, this is an exciting memory of the boom and bust-like point, and fears that history may repeat.
Maybe one day it will be easier, when robots can think for us. This brings us to ours call of the day, which comes from the DataTrek Research blog, which wonders if a fund that relies on artificial intelligence to invest ideas and is heavy on technology stocks now knows something we don’t know.
DataTrek points to the AIEQ Equity Powered AI,
the exchange traded fund has increased by 12% to date, compared to a gain of 2.6% for the S&P 500 SPX,
and for 2020 it increased by 25%, compared to a gain of 18%, respectively. It has gained 101% over the March 19 COVID pandemic lows, compared to 72% for S&P.
Tesla TSLA electric car manufacturer,
SunPower SPWR solar solutions group,
AMD Advanced Micro Devices chip group,
Enphase Energy ENPH energy technology group,
and technology giant Alphabet GOOGL,
are the first five participations.
What DataTrek found was that the fund’s best options are more technological than last October, when stocks with the most cyclical flavor, such as the Pfizer PFE healthcare group,
and carmaker Ford F,
reached the top ten.
“AIEQ seems to have been capturing a good deal of the ‘signal’ of the market in the last twelve months, so that the fact that it is easing in the cycles of the top of the sheet and maintains / increases its exposure to technological names disruptive (TSLA, SPWR, ENPH) is interesting, ”says DataTrek.
What could it mean? A human manager moving away from the cyclical at this time could be a sign of cold feet in the face of progress in the implementation of the COVID-19 vaccine.
As DataTrek users say, the work on this AI ETF reflects the successful hedge fund managers of the 1990s: “known actions that present well-understood topics. Perhaps the real power of artificial intelligence-driven investment is simply not to rethink things. ”
The markets
YM00 futures,
ES00,
NQ00,
are a bit mixed, while the European shares SXXP,
they are superior. Chinese CSI 300 000300,
and the Hong Kong Hang Seng HSI Index,
lost more than 2% each. This came after the People’s Bank of China, to a surprise extent, withdrew funds from the financial system and was warned of the risks of asset bubbles.
The tweet
From Alexis Ohanian, husband of tennis star Serena Williams and co-founder of Reddit:
The buzz
Reporting before the open market, the shares of the conglomerate General Electric GE,
increase as revenue exceeds forecasts and Johnson & Johnson JNJ healthcare group,
recorded a profit and growth in pharmaceutical sales. American Express AXP Financial Services Group
is yet to come. After closing, technology giant Microsoft MSFT,
Starbucks SBUX coffee group,
and chip companies Advanced Micro Devices AMD,
and Texas Instruments TXN,
report.
Etsy e-commerce website shares ETSY,
they are increasing in the premarket. This move appears to have coincided with a comment on Twitter TWTR,
by Tesla chief executive Elon Musk, who said he “loves Etsy.”
The Federal Housing Finance Agency’s house price index, the S&P Case-Shiller house price index and consumer confidence data are ahead.
European Union officials held a tense conversation with the pharmaceutical group AstraZeneca AZN,
AZN,
on Monday for delays in the COVID-19 vaccine and have threatened to control exports of vaccines produced in the region.
Alternative Asset Manager Apollo Global Management APO,
says chief executive Leon Black will step down in July.
Lawmakers are moving forward with a trial for the removal of former President Donald Trump.
Shares of the Chinese technology conglomerate holding company Tencent 700,
he retired, following Monday’s 11% increase that brought him closer to a $ 1 trillion valuation. And the head of China’s central bank struggled to answer a question about the digital payment group Ant Financial, whose initial public offering has been delayed.
Random readings
As any good Spaniard will tell you, naps are good.
Snowball fights in the UK closed? This could cost you.
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