We gave ChatGPT $50k of our money to see if it can beat hedgefunds
1500 people joined and now another $1 million+ is copying ChatGPT via Autopilot
So lets have some fun here
No clue how it'll do, but will be fun to do it with everyone
More details on "The ChatGPT Challenge"👇
BREAKING:
The FED has OFFICIALLY pivoted
increased their balance sheet by another $100 billion, bringing total to $400 billion in the last 2 weeks. (QE)
Simultaneously, increasing rates by .25% (QT)
What is the Net Effect? QE or QT?
👇👇👇
Ray Dalio's Bridgewater Associates filed a quarterly update on their stock holdings.
Generally Reducing positions in the overall market.
Largest changes were sales of approximately $200M of Proctor & Gamble ( $PG ) and Johnson & Johnson ( $JNJ )
BREAKING: Bridgewater (prev. Ray Dalio)
Reduces their European short position from over 7B to under 1B, and sells out the majority of his $BABA stake
Current Top 10 Positions
$PG 4%
$JNJ 4%
$PEP 3%
$KO 3%
$IEMG 3%
$IVV 3%
$COST 3%
$VWO 3%
$WMT 3%
Ray Dalio Gives Up Control of Bridgewater, transitioning $150 billion in assets to the next generation of leaders.
He will stay on as a CIO mentor and an operating board member.
‘Put on a seat belt’ — Ray Dalio says stock market could go down 20%
Congrats to all the Autopilot users who were copying his european short via $EPV they are up 13% this month.
Dalio's Hedgefund, Bridgewater cut back on their Europe short to under $1B
They are shorting two Euro financial institutions:
Banco Santander SA (SAN.MC) and ING Groep (INGA.AS) with a total of 475M Euros
Youtuber @GrahamStephan makes a great point that
"Chinese companies have substantial investments in US equities and might sell them during a crisis. This can tilt the investor sentiment to fear and trigger a selloff"
As a reminder, Dalio sold his entire stake of $BABA in Q2
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