06-17-2023: The Summer of AI

Jun 17, 2023

01:03:28

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This week in the China Shop, the Fed hits the pause button, Bostic runs afoul of the Blackout restrictions (again) and Janet Yellen comments on the USDs falling global reserve share. In Stock News, NVDA joins the trillion dollar market cap club while CRM unveils its AI cloud. Over in the Crypto Corner, Blackrock files for a BTC ETF and Mark Cuban draws parallels to the dot com bubble and crypto's current turmoil. It's the halfway point in the monthly bet and one team's bold strategy of holding cash is starting to pay dividends!

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Links:

Why the Fed Paused its Rate Hikes

Bostic Makes More Trades in Blackout Period

Wall Street's Biggest Bull Says Economy is Slipping into an Expansion

WFG Says Recession is Looming and SPY Could Fall to 4,000

Yellen Comments on USD's Decline in Share of Global Reserves

NVDA Joins Trillion Dollar Market Cap Club

CRM Unveils AI Cloud

Mark Cuban Predicts Crypto Will Echo Dot Com Bubble

Blackrock Files for BTC ETF