|About a year and a half ago my wife and I traveled to London and Paris. I had a few meetings over there before we toured around and saw the sites.|
In Paris we saw something that looked familiar…the golden arches, except it wasn’t called “McDonald’s” it was called “McCafe”.
Curious to see what it was all about we walked in and found a very different setting than what we were used to seeing in the states.
The strangest thing was that the order takers were replaced by robots. Yep, if you wanted a quick coffee or burger you had to order and pay using a computer screen.
However, the threat of robots taking over peoples jobs is not the threat I am speaking about today.
If any of you have seen the drop in the market due to the Coronavirus threat, the loss looks pretty extreme. Even the Fed is now lowering interest rates to try and boost the economy.
|Why did it drop so fast? Why now? and What’s Next?|
One of reasons we see such a huge market sell off is because of the Robo Traders.
Artificial Intelligence (A.I.) are scrubbing the media for news headlines and as they see every news channel and their dog reporting dire outcomes they automatically just sell their positions driving the market down even further.
Now I’m all for technology but what if these trading systems are making decisions for your retirement that aren’t serving you. What if they simply have bad information.
Would you be upset to leave your hard earned “dough” up to a shaky computer algorithm?
My clients enjoy the peace of mind regardless of odd things like this happening in the market.
Hope you have a great week…don’t let a robot steal your lunch!
Remember — Be Humble, Stay Hungry!