AI Bots Placed In Virtual Town For 2 Weeks Go Apesh*t, Prompting Concerns

The AI Capex Bill Comes Due Authored by Lance Roberts via RealInvestmentAdvice.com, The S&P 500 spent most of the year riding above its 50-day moving average, and we have warned for the last couple of weeks that a break lower would be worth paying attention to. That break occurred on Thursday, as the index closed the week at 7,411.98, roughly 0.8% below the 50-DMA at 7,467, marking its first decisive break below that line in months. Momentum has clearly rolled over. The 14-day RSI sits in the mid-40s, below the neutral 50...

"GPIF To The Rescue?" Yen Jumps After Japan Urges Pension Funds To Invest More At Home After a relentless collapse in the yen to a 40 year lows, the trajectory was finally dented overnight when Japan’s finance minister called for the nation’s massive pension funds to increase investments in domestic assets, boosting the yen from near four-decade lows and spurring a rally in bonds. “One priority is to encourage households, as well as pension funds including the GPIF, to increase their investment in Japanese financial assets. We intend to pursue policies...