For what it's worth, the US S&P500 gained 1% again last night....

For what it's worth, the US S&P500 gained 1% again last night. The previous night's similar gain didn't help MNB so it's hard to know if it will help today but the previous night pushed the US market to its resistance and many investors may have expected it to turn down from there. It instead broke out above resistance last night. Have to wait and see if that helps MNB's sp this time. Others may be waiting for news but the lower sp keeps getting more attractive even without news as the shares become more of a bargain. The short term upside will be stronger when off take and/or funding news hits, with this lower sp. Should get a big move up from this level when that news comes.




US S&P500



While he is talking about investing in AI specifically, I like the point this guy is making about investing now without fixating on odds of a recession to avoid missing a good investment opportunity. The same could be said about MNB and many other investments regarding not fixating on outside risks and missing good investment opportunities.

"Hedge fund billionaire Steve Cohen reportedly urged investors not to miss the "big wave" of artificial intelligence and to stop fixating on a recession.The founder of Point72 Asset Management and owner of the New York Mets said at a private SALT conference event Tuesday that focusing too much on recession odds may lead investors to overlook AI investing opportunities, sources told Bloomberg.

"I'm making a prognostication — we're going up," he said, according to Bloomberg. "I'm actually pretty bullish."Cohen's upbeat comments on artificial intelligence come as other big investors revealed big bets on AI stocks.For example, Stanley Druckenmiller's family office loaded up on Nvidia shares and made a new Microsoft investment last quarter.Meanwhile, Bill Ackman's hedge fund revealed it bought Alphabet shares worth over $1 billion as the company ramps up its foray into artificial-intelligence technologies.

https://markets.*.com/news/stocks/steve-cohen-artificial-intelligence-investing-ai-stock-market-outlook-recession-2023-5