The Market Outlook for the Week Ahead, or Reality Strikes!

The 50,000-foot view on the economy has suddenly become so clear. It came to me yesterday when I was climbing the 10,785-foot-high Mount Rose in Nevada, which offers the finest views of Lake Tahoe and the northern half of the state. The US economy went into recession on January 1 when companies froze new capital […]

Hill-Led Bill Seeks to Regulate and Promote AI in Finance

In a significant move aimed at balancing innovation with consumer protection, House Financial Services Committee Chairman French Hill (R-AR) has introduced a new bipartisan and bicameral bill designed to promote the responsible use of artificial intelligence (AI) in the financial services sector. The “Unleashing AI Innovation in Financial Services Act” seeks to establish regulatory “sandboxes” […]

Why Employment Numbers Won’t Kill The Tech Sector

Nonfarm payroll totaled a seasonally adjusted 73,000 for the month, below even the meager Dow Jones estimate for a gain of 100,000. Employment numbers are weakening fast, but this doesn’t really mean much for tech stocks. Why? Tech companies ($COMPQ) have been cutting American staff left and right and shipping the bulk of these jobs […]

July 30 Biweekly Strategy Webinar Q&A

Below, please find subscribers’ Q&A for the July 30 Mad Hedge Fund Trader Global Strategy Webinar, broadcast from Incline Village, NV. Q: How long does it take for a full charge on the Tesla Model X (TSLA)? A: 30 minutes now for a full 250 mile charge with the new 250-watt chargers. That’s barely enough […]