Everyone’s freaking out that the S&P 500 is being carried by a handful of mega-cap tech names while much of the index, especially value, is down YTD.
But there’s another side to the scenario:
What happens if those beaten-down stocks simply start participating?
If tech holds up and value snaps back, the bad breadtheveryone is worried about today could become the fuel that sends the S&P 500 materially higher.
The lack of participation isn’t only a risk. It’s also potential upside sitting on the sidelines.
$SPY $QQQ
The frontier of artificial intelligence is advancing at an alarming speed. Over the weekend, industry leaders voiced support for an idea that the American people and many AI researchers in their own labs have been calling for: We must responsibly slow the pace of frontier AI development.
A slowdown is critical in order to ensure AI serves the public interest. Pacing AI development does not mean giving up on this technology’s potential to produce life-saving benefits in fields like medicine — some of which we are already seeing. Rather, it is about setting up sensible guardrails so that AI does not completely escape human control and endanger our safety and collective future.
This moment demands the leadership of the United States government. Congress must work at an urgent pace to pass new laws and establish a new federal entity to provide oversight and independent testing for this technology, to ensure accountability, and to protect our wellbeing.
We need cooperation at an international level as well. The United States must continue to lead the world in developing AI technology even as we seek to impose common-sense safety standards. This means that the president must do his job to protect America’s interests by pursuing a treaty with countries like China to stop dangerous uses of AI, limit the speed of its development, and adopt global standards for testing.
Let’s not forget Steph Curry and Drake are family. I don’t think LeBron is heading to Northern California…. Cleveland or DC would make more sense to me. If I were a betting man…..
#wizards#warriors#cavs
🚨 BREAKING:
🇻🇪🇺🇸 Venezuela's government just deported Alex Saab, Nicolás Maduro's longtime "bag man," to the United States to face judicial proceedings, less than three years after Biden pardoned him in a prisoner swap.
Key details:
-Saab was Maduro's primary financial fixer and the main conduit for foreign companies investing in Venezuela
-He may now be asked to testify against Maduro, currently awaiting trial in Manhattan on drug charges after January's U.S. military raid
-Federal prosecutors have been investigating Saab's role in an alleged bribery conspiracy involving the CLAP food program for poor Venezuelans
-New acting President Delcy Rodríguez fired Saab from her Cabinet after taking over from Maduro on January 3
-Maduro previously claimed Saab was a diplomat on a humanitarian mission to Iran when arrested in 2020
The plot just thickened dramatically.
Venezuela's new government is handing over Maduro's closest financial confidant to the country that captured him.
The Maduro trial is about to have one of its most explosive witnesses available to prosecutors.
Source: Associated Press