PUTIN’S FRANKENSTEIN SUBDUED BUT INVESTORS EXUBERANT OVER AI NEED TO BE MINDFUL OF THE TAIL RISK
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Be Mindful Of The Tail Risk
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- The chart shows the steep trendline driven by the AI frenzy.
- The chart shows that QQQ has now fallen below the trendline.
- RSI on the chart shows that there is a fair probability of a pullback.
- As the momo crowd’s exuberance with AI continues, smart money is paying attention to the tail risk from Russia.
- Russia has the largest number of nuclear weapons.
June 26, 2023