 The Tom O'Brien show is produced every business day Tom takes your phone calls toll free at 1-877-927-6648 internationally at 727-873-7618 let's go to our man Alan homo salsa what's going on brother it's any wonderful I went ahead and invested in your tiger dollars and got your gold report for a year and also your morning your your call letter and stuff like that and I got over 50% return in one day not counting everything else but I just want to thank you Tom's not perfect but he tells you how to put your stops in and keeps your losses small you can take your small losses but then all of a sudden you'll be like a brute and you'll be the whole month I mean a big home run and put the money in your pocket okay brother you're awesome man thank you now Tom O'Brien what's going on Tigers this is Jacob Shoup today we have a nice upmarket the DIA going straight up from the morning and DX similar kind of pattern the cues similar as well and that GDX has been cooking recently and that is at the expense of the DX why so the dollar essentially as someone mentioned in the den it had been you know I mean from this morning made we really had a steep decline going on here it went down past the 101 mark was kind of flirting with one oh just 100 in general really tried for the past few hours to get back up over that 101 mark and it did and we'll see if that holds into us today but the dollar is getting has been getting absolutely smoked that's obviously great for gold so we'll see what that kind of has in store look at steel dynamics so it did end up let me see here just do your today it did end up testing that level like we were saying the other week and then it did reject it but it's not on a lot of volume it might get back down to that area and and we'll see what happens you know as I always say I loved trading the stock quite a bit and so we'll see steals also at like I guess like a cyclical high for the industry right now so it may be I don't know if I would ever suggest right now is a good time to get into steel in general just because of the cyclical nature of the industry but it is making that that nice you know it tested rejected it'll probably retest again so it's interesting is Volvo has knocked it out of the park today truck maker Volvo post record q1 as sales and margins beat forecasts post 45 jump in preliminary q1 earnings their ebit is at 18.4 billion crowns versus I mean that knocked their forecasts out of the park full earnings will be on April 20th and it's a nice little bump in it they've been really focusing a lot on making I mean they have forever but cars excuse me trucks cargo and all that and they've done quite well they're also doing decently regarding like the EV market as well so it'll be interesting to follow along and kind of see see what happens with them in some news I know Twitter is no longer publicly traded but there's been some interesting stuff going on Twitter announced earlier that they're going to merge with eToro not merge with eToro but rather have an eToro plug-in for their application so let me see here let's pull this over for y'all this is neat I mean this headline says it pushes app into finance but really what it is I think Musk wants this to be a one and done place where you stop right and this is all also the concept in general with like web three okay and not familiar with like what web three is the way that it would probably you know practically be implemented is it's a one place to go so Reddit kind of tried to run with that is like the front page of the internet a while ago but obviously there's you know it's just really a message board at the end of the day a forum board Twitter with Musk implementing this is it's huge so I mean you'll be able to trade stocks based on it you'll be able to trade crypto on it Twitter has a really cool kind of feature essentially where if you put a money sign in front of a ticker it'll link it it's like a hashtag but for stocks so and this is interesting too is it's coming in at a time where um how do you call it uh of course I'm blanking on the name of it give me a second the uh where it's basically like a medium where you where you post articles in behind paywalls but anyways they came out yesterday saying that they were going to compete with Twitter and allowing you know kind of short form um and then message scroll down board so Twitter has also announced that they're going to be implementing something called monetization where you can put your posts essentially behind a paywall which will be massive again not publicly traded but what I think is interesting about this is you know I haven't been on Twitter in a long time but I've recently been on TFNN's Twitter and I've noticed that you have long form posts now on it and this is getting away from the the core of what Twitter was and kind of how it carved its market share to begin with and I think what that does is it leaves opportunities for smaller uh platforms that have been trying to compete with Twitter to get a leg in so in the next in the next few years it might be interesting uh to see things like mastodon um and some other message boards that have tried uh excuse me social media apps that have tried to um emulate original Twitter and they'll see how uh they kind of get a percentage of the market share out of it um but it is it is pretty interesting to see uh this kind of development for it um and I think really like this is the future for a lot of these major tech platforms all your social media platforms um are going to need to start integrating I mean this kind of competition here um they're going to need to start integrating more and more features Facebook did it with marketplace which is pretty huge in a way of like cutting down eBay a little bit in some capacity um not in every way um but you know this kind of diverse of diversification of of what the platform does and what you're allowed to do uh is it's pretty uh interesting so let's see obviously CPI was lower yesterday which is huge but I'm you know one of the things that was interesting to me is when you read the CPI we'll get more into this when we come back um but you had fuel oil and gasoline um extremely low I mean you had massive negative growth for them right and this was you know waiting CPI quite a bit not much else was budging and what I'm concerned about in some ways and I obviously could be entirely wrong on this um but with with the new OPEC cuts and we might not see it until after May but we you know might end up getting higher gas I mean we've deployed gas prices we've deployed a lot of the strategic reserves already especially in March which obviously none of this OPEC revelation came to light until uh April and uh through March there was a deployment of the strategic petroleum reserve see if I can pull it up for you right about here and this was in March and so whether or not that's you know suppressed prices greatly at the pump uh you know we'll stand to see um with the increase in OPEC and again we'll we'll talk about this a little more when we come back um we're we might not see too much increase until after May as what the Saudis do essentially is form contracts a few months out for delivery of supply um we'll talk about that a little more folks stay tuned we'll be right back currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 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and you'll get a full refund within 30 days of signing up subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors toll free at 1-877-927-6648 internationally at 727-873-7618 what's going on folks all right so yeah when before we went to the break talking a little bit about um just kind of the future of gas and energy um on this kind of announcement by opec uh you know gush great great little trading vehicle from friends over at direction um went up quite a bit um i think i think on the on the broader scale what you know and again this is a few months out miracles north america will still receive its oil up until you know at its set rate up until uh till may um but you have russia kind of having issues producing so much and then you're also getting to a point where asia is now cycling in to using quite a bit of gas um so you know look at for china for instance the total crude imports in the first quarter or about um excuse me 136.6 million uh tons and that's 520 excuse me 52.3 million um tons or 12.3 million barrels per day just in march alone for that um everyone right now is racing to get the oil they can before prices really adjust at it and this is again through this uh big kind of campaign opec has had of trying to keep oil prices uh you know per barrel within some some boundary obviously this isn't you know phenomenal and i i do think that um if prices increase some substantial amount you're going to see a cpi that comes back and and it might be a bit higher um than we anticipated um and won't follow this trend but we'll see on that um a second here there's another one i'll have to get the um the uh the chart for you as well but essentially um at least over the past month for the cpi um out of house eating has gone up so expenditure on on foods like fast foods restaurants has actually increased which was really bizarre and um so i i don't know i don't think we're really like out of the neck of the woods on this yet it doesn't necessarily mean that rates will increase as we've been saying that kind of the uh banks stopping their um loans or at least kind of stinting them quite a bit um will might suppress inflation but it's just kind of a bizarre thing going on additionally like on that note as well uh this is this is a horrible chart but what this is showing is basically wage decrease right and here we are for march you have a nice decrease of 1.6 percent um at the same time you're getting uh almost if i recall correctly was a 1.2 percent increase in eating out of the house um it's just i don't know that i there's a lot going on um especially with you know how the market's going to take what what cpi um was having to say so um yeah we'll just see what april has to do and and really i think the june cpi will be pretty interesting as well um all right another interesting thing too um just we'll just tap it in quickly um there's been a lot of uh large firms getting more exposure to crypto right now um a lot of your funds um that have to do with crypto with your indirect exposure are getting some nice bumps and in recently today the london stock exchange announced that will be launching the trading of bitcoin futures and options so that's something for the crypto guys out there to keep in mind which is quite interesting um one that i wanted to look at was anhyzer bush so you let's see here let's take it two week so yeah there was essentially they've had a ad campaign that came out one of the interesting issues anhyzer bush has come across and this happens with any kind of large company um is their market share among the newer generations right so like you know there's definitely not a lot of people in my generation who drink bud light at all um we're heavily seltzer peoples um and i'm not sure that bud has enough exposure into that but they've been essentially doing a few campaigns um they had a few celebrities uh younger celebrities drinking their product and ads and they just recently did one um and it did not go over very well with um some americans uh there's just this just shows again not getting political at all with this but it just shows there's a large divide between what some people think is socially acceptable and what isn't and uh there's been a lot of fuss about it in the news um sales were way down you know we'll see what their you know next quarter obviously we just started q2 but um you know we'll see what that holds uh but i've seen a lot of talk about people trying to figure out how to short uh anhyzer bush and i doesn't make much sense to me so you've like we go to a monthly chart on this they you know basically release this ad sometime around here right and it didn't get a lot of traction until about this major sell-off point and yes it's been you know steadily declining but if you know the way that i see it is it's not it's not low enough one to to get in if you want to look at it on the long side of this but i also don't think this has much more energy to go further down what this reminds me of a lot is um when gelet and i think this was in 2020 um gelet release and advertisement that was a little bit more socially charged at the time and they had a massive massive backlash um obviously now proctor again was a huge company they did receive somewhat of a hit regarding this but um it it recovers on it and i'm not really sure that this will be a long-term thing for bud i certainly me personally would not short this um but on the long end of it i again bring up that issue is that they are not super popular with uh young people whatsoever if you hold anhyzer bush i mean if i held it uh i would just keep holding it i wouldn't do anything with it whatsoever um but uh yeah it's just it's it really is interesting to see this this divide now and we'll see if new products come out uh that start reflecting uh more of the of the divide essentially that we have in america based on social situations and political social situations you see that a lot with um with tech companies and social media companies um but it'll be interesting to see if you know daily household products like uh you know like beer or drink in general um get impacted by that another one that had a lot of exposure today was ali baba and so it was soft bank who sold these guys off and uh it what blew my mind about that is everyone's saying like okay you know baba is overvalued or something like that that's why soft bank sold it but soft bank does not do very well for themselves they they have uh pretty continually made pretty bad investment decisions um i mean just recently they they failed to even uh publish their their quarterly earnings and it got fined something like astronomical um and the way that i see it is what soft bank this is this is more of a reflection on soft bank that it is this equity baba itself um i think a lot of this was basically selling off at some kind of increase um i mean you know you had like a nice jump around this area march 24th you know i mean you get 86 high volume all the way up skyrocketing past the 100 level yes you get to sell off the day and some some scared investors selling off as well with soft bank but again i think this is far more of a reflection on soft bank than it is baba so we'll see baba's doing that split um and we'll see how that turns out but again soft bank i don't know if you guys remember zoom pizza but the whole idea this was like in 2018 but the idea was that these guys were gonna have robots bake pizza and inside of the robots cavity and then deliver it to people and soft bank invested like 318 million in that obviously it just totally went kaput but this is the kind of thing that's going on and again failure for them to post the earnings when they when they needed to is just another example that this is not baba this is soft bank and uh say june we'll be right back if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30 day money back guarantee so you have nothing to lose every monday morning i published a gold report with coverage of gold silver bonds the xiu hui gdx as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market by taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors tfnn has just launched their new trading room the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the tiger's den available to all tigers and tigers for just one dollar for the year there's no catch or added costs when you join our community of traders in the tiger's den you can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the tiger's den and discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com what's going on um okay so it's interesting this is i want to show you guys this i don't know if i flashed it earlier it's the weekly change and initial jobless claims by state so it was released uh like two days ago um california is huge far more increase uh far greater increase in this in new jersey pennsylvania texas ohio interestingly enough to see an increase um excuse me a decrease in jobless claims so we still you know what the feds doing is essentially working you're getting large jobless claims um you are getting a depressing of wages and yet we're still seeing just kind of a cpi that was just you know 0.1 under what the projected was again and that's with that kind of gas phenomenon it'll be interesting to see what happens on on california's note this is something interesting for anyone kind of living out there just people who are interested in some of the uh housing uh issues i don't know if tom spoke about this but this is a california dream for all shared appreciation loan this is this is just kind of interesting from a strategy perspective and so the idea is is they'll they'll give you a grant essentially or a loan right the government there's a there's a fund that exists and um essentially you'll buy the home and all you have to do is pay it back 20 percent of the sale price when you when you sell the home um or when you refinance which is which is really interesting and the idea is to get it so more people can access homes there um i think what's huge about that this is going to drive prices up for sure um and if you're like a broker out there a real estate agent this is probably pretty pretty sweet for you um but it's just interesting to see how different areas are trying to deal with um you know home issues uh in st pete it's it's pretty expensive to get anything um uh you know i have friends who are in pretty not okay apartments paying about $1900 a month $2000 a month uh went about six years ago seven years ago um they were something like 900 bucks a month um so it's interesting to see kind of how they're going to pivot it's interesting that you pay the loan back 20 20 percent of the new value i think that's a little bit novel maybe um and if i'm missing something please let me know but i think that's pretty that's pretty neat um all right let's see redurna has some interesting kind of thing and this is something i was always interested in when uh during covid when they're releasing the mrna vaccines because i had always heard um that mrna was going to be the absolute future especially for cancer right because you can you can really alter essentially what your d how your dna is coding via the rna and so maderna came out today saying it hopes to offer new vaccines for cancer heart disease and other conditions by 2030 uh this is pretty neat um one of the major issues you know with with cancer is a lot of it is so like individualized and what i mean by that is every kind of cancer kind of affects something differently in in the way that it kind of pops up and so having something that's kind of agile like mrna vaccines will be pretty interesting to see how that works let's take a look at this a little bit um when bernard noted that advancements in messenger rna technology since the outside of the covid pandemic have ushered ushered in a golden age for new vaccines um maderna hopes to offer new set of lifesaving vaccines targeting cancer heart disease and other conditions by 2030 um the spokesperson confirmed um bernard said that he's confident that the vaccines will be ready by the end of the decade adding that maderna could possibly offer them in as little as five years um this is a quote i think uh that maderna that we maderna have learned in recent months is that if you ever thought that mrna was just for infectious diseases or just for covid the evidence now is that that's absolutely not the case and that's interesting because again i i think the big thought about it so many years ago before it was implemented for the first time with covid um was the idea of of stunting uh things like cancer um so that's pretty neat um we'll kind of see how that that pans out as well and there's going to be such a such a large market in these kind of therapeutics as time goes on um and so it'll be pretty cool to see another thing i wanted to talk about um i have a friend uh he lives in colorado i just visited him visited him recently um uh he had a wedding actually and he manages a grow operation and uh for uh for marijuana right obviously it's all legal there what is interesting is that for so long this these stocks have not been doing well whatsoever um i i think we're going to see a massive slowdown especially with uh this kind of reeling in from private equity with everything going on and obviously cannabis stocks don't really get or excuse me companies don't really get access to any funding from from banks um let's take a look at some of these here and um take a look at Aurora first which was one of the ones that was you know just going just really running at the top of this thing but i mean you're what you're going to see here with all these cannabis stocks is a really slow decline here nice slope okay where you're sitting at something like 63 cents um so this is this is Aurora we can take it uh organogram let's see here ogi same kind of idea this had a little bump up on on volume but that's not general for the rest of these stocks at all um you take a look at cure leaf same kind of deal um you know these stocks really bumped up quite a bit especially during like the pandemic and this was a mix of the hype surrounding them uh as well as you know people staying at home right and these kind of vice stocks kind of go up during that time period um but i think as long as private equity is not deploying as much capital into these kind of entities um and as long as it stays federally illegal there's just i just think these guys are super in attractive or excuse me unattractive i have some friends who are still holding from like pretty high highs and that's that's sad to see um it is the sixth largest cash crop in america so that is something to look into but i think the way that i would look at this more um is seeing the kind of peripherals like if you want to get exposure into it and i've i did this in the past i'm kind of out of everything um position wise but one exposure to the cannabis industry i'm saying all the peripherals are what you want to do you know the cleaning technology the fertilizing technology um but in that same vein you know things that aren't uh going to be purchased you know every so often such as like lights and equipment something to keep in mind as well as you have a ton of people um shutting down their operations um and they're selling off that stuff to kind of just get a little bit out or cover losses um in whichever way the company that my friend works for in colorado they laid off exactly half of their staff i would say something like six months ago and he's telling me is that it is pretty standard uh one of the largest um expenditures i think it is the largest expenditure in um and weed production is the labor and um after a certain point it's just you know you you gotta cut people out um and if you can't manage with the lower force um you're gonna go under and so you know i don't know it's it's interesting to see i just i had a buddy of mine the other day asking me what i thought on these weed stocks which is why i bring this up um so it's pretty it's pretty interesting um we're gonna slide a little bit here into um when we get back from the break i know we talk about it often but ai and this is with chat gbt but any other things that are developing in this section as well um alibaba again we'll get a little bit back to this after the break but remember a few weeks ago when i was on i was talking about that open letter that i was asking developers to slow down and this is an interesting reason why we might not want to slow down um and it's it's namely competition uh from nation states and uh foreign enterprise so stay tuned we'll be right back if you have any questions go ahead and ask me in the den and i will answer it if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try tom yo brian delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p times bull and bear ETFs visit direction investments dot com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at eight six six four seven six seven five two three the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and tiger's for just one dollar for the year there's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz what's going on folks i appreciate jimmy in the den there um all right so yeah well before we left we were talking about kind of the big big increase um in uh development for ai and uh you know this isn't specifically ag specifically agi um but we are going to get to that point so alibaba is going to roll out its rival to chat gpt across all of its products uh so let's see here we are at a technological watershed moment driven by generative ai in cloud computing and businesses across all sectors have started to embrace intelligence transformation to stay ahead of the game as daniel jeng chairman and ceo of alibaba group obviously alibaba has um who i mean a lot of data to pull from on this and you know again a few weeks ago i was talking about an open letter uh to ai developers and agi developers to kind of slow down um on the development of this and i you know there there are obviously valid reasons for that of course we don't fully understand what the implication is going to be uh in the economy what the implication is going to be um you know regarding society in general and how humans interact with each other but you kind of you know it comes at a cost a little bit where you have other nation states and um certainly foreign enterprises who probably are not going to pull the reins in on that right and so let's see here so hong kong listed shares alibaba gained traded more than three percent higher excuse me more than three percent higher after the announcement but it's since paired uh pardon some gains okay obviously we just spoke about that why that occurred shares of baidu in hong kong were down six percent um at the 2023 alibaba cloud summit the company said it will be rolling out the artificial intelligence powered chat bot into all alibaba products from enterprise communication to e-commerce in the quote near future no timeline was revealed this i mean it really is revolutionizing how things kind of work um i used the uh the being integration for chat gpt the other day and it's pretty stellar i mean it's nothing like chat gpt four at all uh but still um it was a far better experience what i will say though is at least for the the cost of using something like that it's something like a hundred times the cost to use um uh a chat like a language model ai for searches and it is just like a general google search um but you know one of the things i was looking at last night is i was actually with my uh my martial arts coach and he also does personal training and he has his one kid who's trying to get into a competition and uh he's very light he's not a lot of weight for his height and so he needs uh basically a different diet um to bulk up a little bit and my coach i was sitting there watching him and he typed in you know every feature the guy has how tall he is how much he weighs um and then you know give me a diet to get him to you know x amount of weight and it it gave him this like two-paged in-depth kind of response and uh outline of what he should do and he looked at me like with a side eye kind of smiling he's like this would have taken me something like three hours to do in the past and he's like i'm reading through it and he's like this thing's not saying anything wrong uh that's really you know super super impressive for studying i think it's massive like if you want to learn anything you know asking that chat gpt for i think the 20 a month is kind of worth it in some capacity um and we're not even getting into things like artificial general intelligence and so what happens is when you have these language models and you have learning models and everything um when you know what what what like the sky net is is a network of different ai models centered around uh this really strong processor we're not even close to a point yet i think there's a lot of like fear that's coming out that's unfounded regarding agi i think there certainly is something to be said about um you know a lot of jobs being partially automated from something like a language model but i think the strongest computer they have now for artificial general intelligence is in um manchester uk and it has something like a million neurons humans have trillions so it's not you know of course there might be like an efficiency difference but um we're not near that yet um let's see here so the reason why i bring this up as well is because um goldman sacks actually released an article said generative ai could raise global gdp by seven percent and what generative ai is is essentially like what i was just talking about right like my coach asking for you know a diet plan so um this is pretty impressive this breakthroughs in generative artificial intelligence have the potential to bring about sweeping changes we know this as tools using advances in natural language processing work their way into businesses and society they could drive a seven percent or almost seven trillion dollar increase in global gdp and lift productivity growth by one point five percent over the ten year period um this is pretty crazy the labor displacement is what's interesting you know we for a long time you know we we have a consumption model for a lot of uh for our economies essentially and cheaper labor is always is always better we're seeing a massive increase in the global population in traditionally in industrialized nations um without any kind of um intercession you get a strict decrease in population growth right see it in japan it was happening in western europe and everything um and so what happens is we have like you know just a burgeoning global economy and economies in in country or excuse me uh burgeoning population is you get these advanced countries who are making stuff like this that that really does alleviate some of the labor burden that exists and you start getting massive labor displacement and so like what do you do in that situation and and this is really the major question around it and if there is going to be any time that's kind of shaved off from advancing these kind of ai's it's going to need to be around that like what what do we essentially do um any you know management ai's if they get good enough in the future i mean those will be outsourced to developing countries um production ai that would be outsourced so it's kind of like what what is left uh for large swaths of the population and i think that's something that needs to be spoken about obviously you have a lot of different answers to that there's things like ubi there's been all the way to like just not even implementing ai but um stinting the technology usually doesn't ever work very well um it's just you you've had this promethean flame and you gotta figure out how not to get burned by it and uh i you know i trust hopefully that this will be figured out um this is another crazy two-thirds of occupations could be partially automated by ai that's that's pretty nuts two-thirds of occupations so in addition to job displacement by automation they've been offset by the creation of new jobs and the emergence of new occupations following technological innovations and this accounts for a vast majority of long-run employment growth um obviously for example information technology innovations introduce new occupations such as web page designers software developers and digital marketing professionals uh however all of these guys are gonna more or less a lot of jobs will be numbers will be lost the ones that still have software developers digital marketing and web page design jobs will be far more efficient and make a lot more money and of course new jobs will be open with this as well um and so it's not a dune's day thing by any means but it is something i think we you know i have a hunch that we might need to be a little more focused on on how to adapt to this um and stay tuned we'll be right back are you looking for a way to consistently add winning trades to your portfolio tom o bryan is here to help tom o bryan has been successfully trading markets for over 30 years a frequent contributor to td ameritrade network and cnbc tom o bryan founded tfnn over 20 years ago to help educate investors just like you tom's daily market newsletter market insights is published every morning when 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macroeconomic and banking uncertainty the one analyst cautioned about what the concentrated rally means for the market's broader health i would say i don't know that doesn't sound great this is pretty wild here incredibly those seven stocks and that's that's going to be alphabet apple meta navidea amazon and microsoft and tesla they gained more than 2.1 trillion in market capitalization year to date through thursday's market close humilatively according to a data set incredibly those seven stocks account for 88 percent of the s&p's 2023 gains with the index up 2.4 trillion this year and seven percent overall in a recent note to clients lpl financial strategist uh book binder said narrow leadership and the s&p reflects a less healthy rally than one with broader participation and pointing out that there's a lack of technical basis for the recovery as forward-looking metrics for tech remain stretched thin in this especially and i was mentioning this a little while ago but tech a lot of times is based on the discounted cash flow and you know obviously rates might go down at the end of this year but there's been talk especially from the fed that these they may see a recession later in the year and who's to say banks especially practices like you know funds that are that are extending out to tech companies um you know what are they what are they going to do uh super interesting to think about um yeah i don't know you know act accordingly to that i suppose folks thank you so much for joining me today i'll be filling in for tom tomorrow and monday if you have any questions you can always email me and uh have a great rest of your day folks