Friday, June 2, 2017

Artificial Intelligence Is On Borrowed Time

Stop me any time...

Amazon $1,006

It's been a great year for big tech stocks, and a pretty meager one for the small caps; the Nasdaq 100 index is up 20 percent this year, while the Russell 2000 has risen by less than 3 percent

Just five companies now make up more than 40 percent of the Nasdaq 100: Apple, Microsoft, Amazon, Facebook, and Alphabet.

The outperformance of the big-tech-fueled Nasdaq 100 could speak to "this winner-take-all economy that we're in, where a few large companies are getting a bigger and bigger share of the profit pie...This is actually not a good thing for the economy or for the society as a whole"

Bitcoin very likely peaked last week

Artificial Intelligence is on borrowed time