Midnight In The Desert — stock market

AI Powered Equity Fund Launches on Stock Market

Posted by K R on

AI Powered Equity Fund Launches on Stock Market

EquBot LLC, in partnership with ETF Managers Group (ETFMG), today debuted the world’s first Exchange Traded Fund (ETF) powered by articificial intelligence: the AI Powered Equity ETF (NYSE Arca: AIEQ). AIEQ is an active ETF built on EquBot’s proprietary algorithms and is the world’s first artifical intelligence (AI) ETF, utilizing the cognitive and big data processing abilities of IBM Watson™ to analyze U.S.-listed investment opportunities. EquBot’s approach ranks investment opportunities based on their probability of benefiting from current economic conditions, trends, and world- and company-specific events, and identifies those equities with the greatest potential for appreciation. EquBot and ETFMG expect...

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It took only 14 trading minutes to break China’s stock market today

Posted by K R on

It took only 14 trading minutes to break China’s stock market today

Trading on China’s stock markets was suspended for the day this morning (Jan. 7) for the second time this week, after the CSI 300, a collection of blue-chip companies, plummeted by over 7%. It took just 14 trading minutes—29 actual minutes, adding in a 15-minute temporary suspension—to hit the market’s second “circuit breaker,” which ends trading for the day. That, according to the Financial Times (paywall), was the shortest trading day ever recorded in China: Read More: Quartz

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Happy New Year, everything is terrible

Posted by K R on

Happy New Year, everything is terrible

Last year was not a good one for stocks. All told, the S&P 500 ended 2015 with a 0.7% loss. And a few hours into 2016, things don’t look so hot either. The trading year tumbled out of the gates Monday (Jan. 4), with the S&P down a bit more than 2%. The Nasdaq is even worse. China set the tone early, with its notoriously volatile stock markets stumbling. The Shanghai Composite index fell 7% on the day, triggering a newly installed circuit breaker. There were plenty of reasons to pick from. For one, a key gauge of Chinese manufacturing...

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