Intelligence vs. Logic: the market outsmarted everyone again

Intelligence vs. Logic: the market outsmarted everyone again Wall Street experts are forced to admit that all trading ideas in 2023 turned out to be ineffective, consensus forecasts were wrong, and strategies were unprofitable. The US economy did not fail, and artificial intelligence unexpectedly saved stock assets. We are witnessing another failure of the usual market logic of hedge fund managers.The failed ideas were the sale of technology stocks, the policy of abandoning the dollar and the purchase of shares in emerging markets. Enthusiasm for China's recovery is now generally ridiculous.Those who were counting on high dividends to make stocks outperform fixed-income securities also lost out. The MSCI index rose by 10%, while bonds - by only 1.4%.Instead, US growth stocks are on the brink of collapse, and China is plunging into a bear market. The US dollar did not fall, but strengthened, including by 6% against the Japanese yen. The extremely high volatility of US government bonds only complicates the situation.So far, speculation on the topic of artificial intelligence is considered the main culprit. The buzz following the November release of ChatGPT has sent tech stocks soaring, with the top seven companies such as Microsoft Corp and Nvidia Corp accounting for nearly all of the market gains.The foreign exchange market is another area where investment funds have miscalculated. The idea that the peak of interest rates in the US will limit the demand for the dollar is no longer relevant, and experts do not yet have a more effective strategy.Nevertheless, market whales are confident that the effects of the Fed's aggressive policy will be felt throughout the consumption and investment cycle for several more months. Consumers will still spend money, and this could lead to a revitalization of strategies that were undervalued in 2023.Let's see who is right.Profits to yall!#ForexChief #WallStreet #forexnews #StopLoss #stocks #market #profit #Traders #bonds #Nvidia #ChatGPTv