One of our preferred "off beat" economic indicators is how many workers apply at any one given moment in time for jobs that are hardly considered career-track. An example of this is the number of applicants for minimum wage line cook jobs at McDonalds, or flight attendant positions at Delta Airlines; conveniently, this is a series which we have tracked on and off for the past 7 years.
Only yesterday, we commented on the launch of the world’s first A.I.-driven ETF “EquBot LLC, in partnership with ETF Managers Group (ETFMG) launched the world’s first ETF powered by artificial intelligence, the AI Powered Equity ETF (NYSE Arca: AIEQ). According to Business Wire, the new ETF uses ‘cognitive and big data processing abilities of IBM Watson™ to analyze U.S.-listed investment opportunities”.
A mere 24 hours later and JPM has joined the party as Bloomberg reports,
This article by David Haggith was published on The Great Recession Blog:
Authored by Carmen Elena Dorobat via The Mises Institute,
It has now been 242 days since the US equity market dipped by 3% or more... That has never, ever, happened before...
Rick Astley said it best..."never gonna let you down... or desert you"