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Google X Character.AI: An Authentic Synthetic Deal

Google X Character.AI: An Authentic Synthetic Deal

With more than 200 million monthly active users and average session durations close to 30 minutes, Character.AI may be the stickiest AI app. It was co-founded by two Googlers in November 2021 to infuse personalized superintelligence into an entertainment experience. (You can chat with pre-built synthetic characters like fake Elon Musk or fake Paris Hilton, […]
ISM Services PMI Rebounds But It Won’t Last

ISM Services PMI Rebounds But It Won’t Last

ISM chart and excerpts below by permission from the Institute for Supply Management® ISM®Please consider the July 2024 Services ISM® Report On Business® Economic activity in the services sector expanded in July, a trend that has been interrupted only three times — though twice in the last four months — since early in the coronavirus pandemic, say […]
Central Bank Gold Buying Through First Half Of 2024 Sets Record

Central Bank Gold Buying Through First Half Of 2024 Sets Record

Image Source: Pixabay Despite central bank gold buying slowing moderately in the second quarter, it set a record through the first half of 2024.Central banks globally added a net 483 tons of gold through the first six months of the year,  5 percent above the record of 460 tons in H1 2023.In the second quarter, central […]
Manufacturing Jobs: Unions Made Them Good, Not The Factories

Manufacturing Jobs: Unions Made Them Good, Not The Factories

The effort to bring back manufacturing jobs has been a major theme in the 2024 election. Both parties say they consider this a high priority for the next administration. However, there is a notable difference in that the Biden-Harris administration has actively supported an increase in unionization, while the Republicans have indicated, at best, neutrality […]
After A Rough July, Can Tech Stocks Rebound In August?

After A Rough July, Can Tech Stocks Rebound In August?

Image Source: Unsplash July was an interesting month for U.S. stocks, as there was a marked shift away from tech stocks toward small caps.Tech stocks, as measured by the Nasdaq 100, were down about 2% in July, while small cap stocks, as measured by the Russell 2000, soared 10% in the month. The S&P 500 rose […]
Softs Report – Monday, Aug. 5

Softs Report – Monday, Aug. 5

COTTON General Comments: Cotton was a little higher again last week on US Dollar weakness that created new demand hopes. Getter crop condition ratings from USDA kept ideas of big production around. It looks like futures are cheap enough for now but speculators see no reason to buy except to cover short positions. USDA showed […]
Fed To Step On The Gas, But Market Pricing Looks Aggressive

Fed To Step On The Gas, But Market Pricing Looks Aggressive

The poor July jobs report has led to market fears of impending recession and the need for an aggressive Federal Reserve response. Yet the latest ISM services report suggests the situation looks ok with the economy growing, adding jobs, and with inflation above target. We don’t expect an inter-meeting Fed rate cut unless systemmic risk emerges.Image Source: Pexels ISM services index suggest no […]
Large Cap Biopharma And Healthcare, A Port In A Storm

Large Cap Biopharma And Healthcare, A Port In A Storm

Image Source: Unsplash Large Cap Healthcare Stocks Show Gains in a Tough Volatile Week Healthcare and Biopharma show nice gains in a volatile week. Unexpected weakness with economic data especially jobs revive “hard  landing” discussions. The 2-year Treasury Yield is dropping fast now at 3.872% so expect money market rates to follow. Investors were shaken by […]
Gold – Bears In Action

Gold – Bears In Action

Image Source: Pixabay Friday’s peak, gold bears and consequences of their actions. Technical Picture of Gold We’ll begin today’s gold price forecast with the long-term picture of gold. Let’s recall the article posted on Aug.1, 2024: So, how high could gold go in the coming day(s)? (…) it seems that we could see a realization of the […]
Is A Recession Coming?

Is A Recession Coming?

Image Source: Pixabay That was quite the turn in the markets last week. The whiplash from bullish to bearish action has everyone whispering the word “recession”. Before we panic, let’s assess what’s actually happening in the markets.After rising sharply midweek following a rather dovish Fed statement, sellers began shedding stocks at a ferocious clip. Most indices […]