The Bot Brief

"There is no force on earth more powerful than an idea whose time has come."     

- Victor Hugo

Bots in the News:

The markets recovered nicely following the prior week’s devastating downturn. The S & P 500 rose a bit over 4% while the Bot Index gained 5.09%. Some information indicating a bit of relief from inflation was the likely culprit of the rebound. All eyes will be on the Fed this week as Chairman Powell and his Board of Governors will determine the course of interest rates. Throwing more uncertainty is the recent announcement by Jamie Dimon (JPMorgan Chase) indicating his concern over the emergence of a ‘stagflation’ theme over the economy. He worries that the looming deficit problem might manifest itself with a bounce back in inflationary pressures could force that ‘worst of all’ outcomes.

The bots were boosted by double digit increases recorded by four of the components. Chief among the strong performers for the week was the rebound posted by NVIDIA Corp. The company jumped 15.82% as investors decided that the prior few weeks had overdone their concerns regarding uncertainty of AI’s financial future.

Tesla and its Chinese rival each rose double-digits while lower priced holdings of the Bot Index each bounced significantly. 3D Systems gained 31.38% and iRobot increased 21.27%.

Member: American Economic Association, Society of Professional Journalists, United States Press Association. Institute of Chartered Financial Analysts, Robotic Industries Association (now A3 Automation), Member IEEE.

The Bot Brief is a weekly newsletter designed for economists, investment specialists, journalists, and academicians. It receives no remuneration from any companies that may from time to time be featured in the brief and its commentaries, analysis, opinions, and research represent the subjective view of Balcones Investment Research, LLC. Due to the complex and rapidly changing nature of the subject matter, the company makes no assurances as to the absolute accuracy of the material presented.

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