Photo by  on  Photo by  on  This time last year, what was then a small private company called OpenAI launched a little something called ChatGPT on November 30th… and changed the world as we know it. Since then, it’s fair to say that the world – and the finance sector with it – has gone AI-crazy. Microsoft funneled billions into OpenAI’s research and development, and Nvidia’s stock price as GPU-producing overlords shot to new highs. Soon, the question of the hour for individuals and funds alike became: ‘how can I invest in ChatGPT?’ Unfortunately, as we all know, OpenAI is still not a publicly traded company. But, while investors wait patiently for an OpenAI IPO so as to gain exposure to the ChatGPT revolution directly, Deloitte had other ideas for ways in which to cash in on the current technological gravy train. Here are five things they identified – taken directly from their report: 1. DevEx minded software – and companies The worldwide developer population is projected to reach nearly 29 million worldwide in 2024, outpacing the entire population of Australia – yet barely keeping up with the pace of demand. Shifts to Agile, DevSecOps and cloud engineering have all become mainstream in recent years… Now, a new focus is emerging for companies that are dedicated to attracting and retaining the best tech talent, or DevEx: a developer-first mindset that considers each touchpoint of software engineers” 2. Augmented Reality (AR) software and devices AR (is) a medium that can overlay the physical world with […]

Photo by Mathieu Stern on Unsplash In my experience, discussions of the UK economy almost immediately jump to the “Brexit” question, or whether it was wise for the United Kingdom to leave the European Union. But the Brexit vote was in 2016, and problems with the UK economy are apparent in the data well before the bill passed. n (December 2023, Resolution Foundation & Centre for Economic Performance) is one of those reports that draws on multiple study groups and background papers, in an attempt to build some consensus on an underlying narrative. We [that is, the United Kingdom] were catching up with more-productive countries like France, Germany and the US during the 1990s and early 2000s. But that came to an end in the mid-2000s and our relative performance has been declining ever since, reflecting a productivity slowdown far surpassing those seen in similar economies. Labour productivity grew by just 0.4 per cent a year in the UK in the 12 years following the financial crisis, half the rate of the 25 richest OECD countries (0.9 per cent). The UK’s productivity gap with France, Germany and the US has doubled since 2008 to 18 per cent, costing us £3,400 in lost output per person. … Weak productivity growth has fed directly into flatlining wages and sluggish income growth: real wages grew by an average of 33 per cent a decade from 1970 to 2007, but this fell to below zero in the 2010s. In mid-2023 wages were back where they were during the financial […]

Market Review And Update Last week, we noted that the current rally was exceptionally extended, and corrective or consolidative action was necessary. “While it seems as if ‘nothing will stop the market,’ such was the same sentiment we discussed in July in “Trading An Unstoppable Bull Market.” To wit: ‘We must remember that market advances can only go so far before an eventual correction occurs. My best guess is that if the markets are to reach all-time highs this year, we will likely have a correction to reset some of the more extreme overbought conditions.’ Of course, that correction came the next month.” While the market struggled to advance early in the week, on Thursday and Friday, markets climbed to set new closing highs for the year, as shown. However, the combination of overbought conditions and excess bullish sentiment limited gains from weaker-than-expected economic reports that should keep the Federal Reserve at bay next week. It is worth remembering, however, that we are still lower nearly two years later. Most investors have spent the last 15 months making up losses, and markets may struggle next year. (Click on image to enlarge) As noted by YahooFinance on Thursday: “Historically, volatility tends to contract at the end of December, paving the way for predictable year-end gains. But this year, November’s gangbuster returns may have brought forward an early Christmas for investors. Stocks have had three principle catalysts over the last two years — inflation, jobs, and the Federal Reserve — and all […]

NAS100 Forex Weekly Technical Analysis  Video Length: 00:02:53  

The most recent trading session ended with Ford Motor Company () standing at $11.01, reflecting a +1.76% shift from the previouse trading day’s closing. The stock exceeded the S&P 500, which registered a gain of 0.41% for the day. Meanwhile, the Dow gained 0.36%, and the Nasdaq, a tech-heavy index, added 0.45%. The company’s stock has climbed by 11.55% in the past month, exceeding the Auto-Tires-Trucks sector’s gain of 6.26% and the S&P 500’s gain of 4.91%. Investors will be eagerly watching for the performance of Ford Motor Company in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.13, showcasing a 74.51% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $37.23 billion, indicating a 10.94% decline compared to the corresponding quarter of the prior year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.86 per share and revenue of $162.92 billion, indicating changes of -1.06% and +9.33%, respectively, compared to the previous year. Investors should also take note of any recent adjustments to analyst estimates for Ford Motor Company. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts’ confidence in the company’s business performance and profit potential. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we’ve crafted the Zacks Rank, a unique model that incorporates […]