Posted on 01/31/2021 6:23:32 PM PST by Aquamarine
A small struggle, led by technology, is shaping up for Tuesday, as a big earnings week is upon us and COVID-19 worries hover. One distraction right now — the war between short sellers and a group of stock enthusiasts behind GameStop GME, +67.87%.
Shares of the videogame retailer are up 23% in premarket trading after Monday’s wild session. To some, this is stirring memories of the dot-com boom and bust, and fears history could repeat.
Maybe one day it will be easier, when the robots can do the thinking for us. That brings us to our call of the day, which comes from the DataTrek Research blog, who wonders whether a fund that relies on artificial intelligence for investing ideas and is heavy on tech stocks right now knows something we don’t.
DataTrek notes the AI Powered Equity AIEQ, -0.98% exchange-traded fund is up 12% year to date, versus a 2.6% gain for the S&P 500 SPX, -1.93%, and for 2020 was up 25%, versus an 18% gain, respectively. It has gained 101% from the March COVID-19 pandemic lows, versus a 72% gain for the S&P. \p> Electric-car maker Tesla TSLA, -5.02%, solar solutions group SunPower SPWR, +2.12%, chip group Advanced Micro Devices AMD, -2.15%, energy technology group Enphase Energy ENPH, -5.88%, and tech giant Alphabet GOOGL, -1.39% are the top five holdings.
What DataTrek found was the fund’s top picks are more tech heavy than last October, when more cyclical flavored stocks such as health care group Pfizer PFE, +0.11% and automobile maker Ford F, -1.77% made it into the top 10.
(Excerpt) Read more at marketwatch.com ...
I may have to look into this stock fund AIEQ.
I tried a few small investments last summer, but they were so volatile, I soon pulled my money out of them.
Hopefully, there is a low minimum investment.
You’re not an investor, you’re a gambler.
Yes, it all seems so familiar. I too built my stock picking robot who was quite successful. So much so, it stole away in the middle of the night absconding with the majority of my holdings. With only a cryptic note signed by Cy Borg, indicating he was going to the tropics to which I say, May he rust in peace.
Did the Robot see the Reddit Revolution coming? Input Out is only as good as Input In.
Yep. In the end, it’s not much more than a gamble,
except for the highly trained, or those with Inside Information.
LOL
😆
Did your robot leave by boat and have an accident?
It wasn’t a criticism, just an observation.
Really successful people are gamblers.
You have to be willing to take calculated risks to get the rewards.
But the stock market is a rigged game. Might be better places to invest your intelligence and money.
Rumor.
‘They say’ the new one, they will run, is silver.
I know nothing.
Take care........pilgrim
“You’re not an investor, you’re a gambler.”
My sentiments as well. There is no shortage of people trying to take shortcuts and win the lottery or something.
Steady investment over decades yields the best results.
If the robot was that smart then APPL would be included and it could have doubled it’s money in less than a year like me.
Have heard that the young investors are using AI, they also follow Elon Musk. https://www.msn.com/en-us/money/markets/bitcoin-climbs-15-25-after-billionaire-elon-musk-changes-his-twitter-bio-to-include-it/ar-BB1dcIxf?ocid=uxbndlbing
BFL
Did Cy take off with Mrs. Bipolar?
You really know how to kick a man when he’s down don’t you?
bkmk
When evaluating different trading systems, you have to consider the market trends. Some will do great during trending markets and do badly during flat or choppy market periods. Unless the market period has a good mix of those, the performance stats can be misleading.
Rim shot
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