Quick Update

Expect some pressure on equities from USD and commodities into the week. Everyone is watching the action in both China and Bitcoin as risk-on appetite. Artificial intelligence will make important strides this year. Google is scared to unveil their Deepmind ‘Sparrow’ AI (it is too strong).

• Gold and metals will continue to rally

• BHP is still strong (friendly miners)

• Watch Google and Microsoft for AI news.

• The dollar topped in our email on Oct 2nd.

• Use large draw-downs as opportunities (>-10%)

• Trading one asset class is trading blind.

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China vs US

No clear direction here yet.

BHP: Stock was at $59.

Bitcoin rallying hard.

Equal-weighted S&P is not a bad place to be.

Energy % weighting in the S&P will continue to increase.

The dollar topped in our email on Oct 2nd.

For The Nerds

Return always wants its risk payment. NOT INVESTMENT ADVICE.