autonomy
Posts
Apple is Eating Lunches

Apple is Eating Lunches

US equities are still the least dirty shirt 👚

autonomous
April 20, 2023

👋 Banks are on notice that Apple might eat their lunch. Also, Commercial Real Estate and A.I. have investors spooked but Hedge Funds are betting on USD and US businesses are beating analyst estimates.

Let’s drop in 🪂

Banks need to pay their depositors more

The disruption is palpable.

Apple unveiled a checking account with annual yield higher than their own partner Goldman Sachs.

Apple: Annual Percentage Yield 4.15%
GS Marcus: Annual Percentage Yield 3.85%

🫳

🎤

US banks are also nervous about Corporate Real Estate

Banks highlight corporate-office real estate as next big worry

This certainly plays a role in why you see leaders like JP Morgan’s Jamie Dimon pushing for Directors and subordinates to work from the firms offices despite employee push-back.

The above points at a problem I laid out in DollarOS AND Deposit Osmosis. The daisy chain of debt, assets, and value is being jerked around and banks are at the center of it.

The Intelligence Rush, Silicon Rush?
A.I Rush sounds lame, let’s rename it.

Elon Musk is planning an AI start-up to rival OpenAI

He’s also going on plenty of podcast and interview shows warning about its dangers and how development should be stopped.

Best Buy cut hundreds of store jobs in online push

Not super surprising but interesting to see where retail is feeling the hurt. Even Amazon has, once again, scaled back physical presence. Even Wal-Mart is doubling down on online business growth as opposed to physical.

Autonomy is working on a series where we’ll build an A.I. investing assistant by daisy chaining the best apps and tools for all you would-be DIY PMs. Join Telegram for a play-by-play on our latest experiment.