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Technology

Alarming Study About the Future of AI

By Louis Basenese - Dec 8, 2017

A new study by McKinsey & Co. indicates that — in a best-case scenario — one-third of the workforce in the U.S. will be replaced by AI after 2030. And robots are targeting one sector in particular: finance. Out of 300,000 jobs in asset management worldwide, 90,000 will be controlled by AI by 2025. Would you trust your money with a robot?

Stocks

100 Trillion Reasons to Be Nervous About Stocks

By Louis Basenese - Dec 7, 2017

One mystery trader just rolled over a massive volatility bet that could pay out $260 million if he’s right again. Can you blame him? He’s got seven-plus years of the bull trend on his side. Well, none of that means squat if you’re Goldman Sachs.

Currencies

A Clever New Pyramid Scheme

By Louis Basenese - Dec 6, 2017

As Bitcoin pushes north of $11,000, bubble talk continues to pervade. The loudest Bitcoin detraction I’m hearing is quite clever, actually. It’s the idea that Bitcoin is a pyramid scheme. Let’s take a deeper dive...

Currencies

Bitcoin Goes Mainstream on Dec. 18

By Louis Basenese - Dec 5, 2017

Sooner or later, mainstream interest in Bitcoin and cryptocurrencies was bound to explode. What amazes me is how quickly awareness changed from ignorance and hatred to adoration and unbridled bullishness. Here’s why the next stage of growth should begin on Dec. 18.

Technology

All Hail President Twump

By Louis Basenese - Dec 4, 2017

Perhaps instead he’s a public relations nightmare for the notorious social media giant.

Technology

Five Reasons to Doubt a Coming Techpocalypse

By Louis Basenese - Dec 1, 2017

Bitcoin to FAANG (Facebook, Apple, Amazon, Netflix and Google) stocks, it’s become the talking heads’ favorite daytime activity to opine about their imminent collapse.

Investing

Winter is Coming for the Market’s Hottest Trade

By Louis Basenese - Nov 30, 2017

It’s a tough time to be a short seller in today’s stock market. Stocks only go up, right? At least that’s what the market is telling us…

Technology

2018: Tesla’s Final Year of Existence?

By Louis Basenese - Nov 29, 2017

According to one prominent insider, Tesla will never get to 2019. Why would a regarded automotive titan call Tesla a losing enterprise?

Investing

The Most Controversial IPO in History

By Louis Basenese - Nov 28, 2017

There’s a new IPO fever overtaking the markets. Is it all talk or is there something behind the mania?

Monetary Policy

Protect Your Stock Gains Against Tax Bill Flop

By Louis Basenese - Nov 27, 2017

If the new tax bill does not pass we could be facing a selloff, fortunately downside protection is in our scope.

Stocks

Who Loves Guns More than NRA?

By Louis Basenese - Nov 24, 2017

It’s a most perverse relationship. Every time a mass shooting occurs, gun stocks soar.

Economics

The Two Most Shocking Thanksgiving Statistics

By Louis Basenese - Nov 22, 2017

We’re less than 48 hours away from the most anticipated time of year – holiday shopping! And the stage is set to shatter sales records.