Day: October 31, 2023

Reuters: Bill Smead on Amgen

Amgen sales rise, but shares off as investors await obesity data By Deena Beasley For more information go to reuters.com. Stocks mentioned: AMGN The information contained in this tv appearance represents SCM’s opinions, and should not be construed as personalized or individualized investment advice. Past

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Artificial (Stock Market) Life Support

[…] In The Godfather movie, peace didn’t last long. Michael Corleone took over from his father and proceeded to murder the leaders of the other mafia families in the New York area. The truce only provided temporary life support. AI looks like tech stock and S&P 500 Index life support to us. If they turn on each other, which their latest earnings reports show they are doing, won’t it get bloody? What happens if the seven stocks that have propped up the passive S&P 500 Index go through what every stock of popularity has done historically? This is just another reason to fear stock market failure!

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