♒ 2023: Inflation, AI, & trading stocks on Twitter
today's news sentiment: 🔴 | we review this week's biggest stock market news stories; what a time to be alive people...
4 FRIDAY NEWS NUGGETS 🥔
1. Inflation is Healing 🩹
Inflation is back down to May 2021 levels baby! (ahhh… simpler times)
The monthly CPI & PPI reports released this week marked some much-needed forward progress on the inflation front. According to the Consumer Price Index (CPI), prices rose just 5% YoY in March (down from 6% in Feb) — its ninth 9th consecutive monthly drop.
Whoof. Sigh of *relief* am I right?? Another good sign here is that the news is *also* talking less about inflation than it was before, a good sign that nature is healing folks. As of today, mentions of the word ‘inflation’ are down -75% from their peak back in November. 👇
2. New High’s & Lows 🔺🔻
Back on the equities side of the table, this week was a big one as far as stocks setting new 1-year high’s & low’s — a testament to our polarizing times.
According to barchart, 73 stocks hit a new 52w high this week, while 211 hit new 52w lows; by most accounts, that’s a LOT of action. 🎬
Some interesting themes in particular: auto parts stocks are soaring right now, with the likes of AutoZone & O’Reilly near 1-year highs. Meanwhile, electric auto startups like Fisker and Hyliion are near 1-year lows… not sure what to make of that lol you tell me. 👇
3. Screw ChatGPT, meet AutoGPT 🤖
The Terminator event horizon is fast approaching my friends. Seriously, if you haven’t heard of AutoGPT or BabyAGI, please make sure you are sitting down b4 reading this (and if you haven’t heard of Chat-GPT yet, hopefully you’re retired already):
Last weekend I read this thread (a must read) explaining how you could use AI language models like chat-GPT & LangChain to basically throw together autonomous AI agents that can do some craaaazy sh*t for you.
Basically you give it a goal (like ‘build me this app’, or ‘research these stocks’) and it does it for you. Almost like it can ~think for itself~ 🤯
Here’s a few mind blowing examples, just scratching the surface:
While these things are still far from working perfectly, it’s incredible how far AI has come in recent months. People are calling it the next frontier of human evolution. Idk, probably nothing… 👀
4. Trade stocks on… Twitter?? 🤔
In a somewhat weird turn of events, Twitter is partnering with Israeli brokerage platform eToro to let user trade stocks & crypto directly thru the app. And as of today, it’s officially live. 👇
The reviews so far have been pretty mixed… one the one hand, some think the idea is nice in theory to make trading certain stocks & crypto’s more ~accessible~
But on the otherhand; for anyone actually interested in trading stocks, why wouldn’t you just go open a Robinhood account instead? Hard for me to imagine anyone actually using the feature, but I respect the effort. 🤷
Ultimately, this is just another ploy in Elon’s master plan of making Twitter the so-called ‘everything’ app, whatever that means. Let’s see how things go…
TRACK MARKET-MOVING NEWS IN REAL-TIME (FOR FREE) WITH OUR STOCK MARKET NEWS MONITORING DASHBOARD: 👇
How would you rate today’s post?
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
SENTIMENT KEY: 🟢=bullish, 🌑=neutral, 🔴=bearish