The markets were not impressed with the ADP private sector jobs estimate. The Dollar Index snapped a five-day advance after the mid-week report and will begin the new week with a three-day downdraft in tow.
In The Matrix, humans become the power source that keeps machines alive. Elon Musk must have watched that movie recently, because he pitched a similar idea. Except he wants idle machines to power the future of intelligence, not the other way around.
The tech-heavy Nasdaq Composite index had its worst week since April, which was sparked by the revelation of a well-known hedge fund manager's bearish bets on popular AI stocks Nvidia and Palantir.
On Oct. 1, the government shutdown began. Though stocks usually brush off government shutdowns, the longer they last, the more negatively they affect the economy and the stock market. Given this, here is a look at why the shutdown may end soon.
Despite this week's correction, the US equity market remains in a rarely seen territory. By nearly every historic measure, valuations are off the charts.
It’s easy to be rational when stocks are moving higher (as they are today) and say, “I’m in it for the long-term.” But like Mike Tyson accurately stated, “Everyone has a plan until they get punched in the mouth.”
