Motley Fool Money Google Speaks, OpenAI Listens
May 15, 2024
Asit Sharma, an analyst at Stock Advisor, joins to discuss the latest trends in AI and how voice technology is evolving. He dives into the implications of Alphabet and OpenAI's newest offerings, challenging Siri's reign. The conversation touches on inflation, highlighting core CPI drops, and the potential for Federal Reserve rate cuts. Additionally, Sharma sheds light on AI's adaptability and its impact on investment strategies, especially in light of leadership shifts in major firms, reshaping the future landscape of financial markets.
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Episode notes
Cooling Prices
- Core CPI, excluding volatile items like food and energy, rose by 3.6% year over year.
- This is the lowest reading since April 2021, suggesting cooling prices.
Stubborn Shelter Inflation
- Shelter inflation, including rent and homeownership costs, remains stubbornly high.
- High shelter costs reduce disposable income, impacting the economy.
Positive Market Reaction
- Markets reacted positively to the inflation data, with major indices hitting all-time highs.
- This market breadth suggests gains may continue if the trend holds.