Excerpt from Bloomberg quoting DataTrek’s Nick Colas: …. “This return data shows one thing clearly enough: artificial intelligence can get it wrong just like a human portfolio manager,” said Nicholas Colas, co-founder of DataTrek...
With another month of US equity returns in the books, it’s time to update our analysis of how the S&P 500 performs in years when it has an outsized return in January like this year. Abnormal large January returns have been a historically...
Every few months we do a drop-in on a US listed exchange traded fund that uses IBM Watson artificial intelligence to pick US stocks called, appropriately enough, AI Powered Equity ETF (AIEQ). Here’s how the fund has done recently:...
Every month or two we like to check in on the event prediction markets at predictit.org, which is a website where anyone can place small-money wagers on various sorts of future events. The implied odds here aren’t perfect reflections of...
For all the hype around the legal marijuana industry and stocks, US online Google searches for “marijuana dispensary” are flat over the last year. Not a great sign for continued adoption and usage rates, but there’s more to this trend:...
We want to cover two related “Data” topics today: the release of the Federal Open Market Committee meeting from April 30th/May 1st and recent moves in the dollar. #1: The market isn’t buying what the Fed is selling. Today’s minutes can best...
