It 'AI'-n't Necessarily So! (Part 2)
Acorn Review and Portfolio Update, 10th June 2024.
Publishing note: This is this week’s Acorn review and portfolio update that I did not include in the earlier note.
If this is the first 🐿️ note you are opening today, the regular Monday Morning Notes can be found via link below:
Picks and shovels to the AI gold rush are selling briskly, but this is no 19th Century California. Some nuggets are going to need to come out of the riverbed pretty soon or there is going to be a Metaverse-style investor rebellion and capex budgets will need to be curtailed rapidly. The froth of hype and excitement could recede as rapidly as it emerged in late 2022.
This week’s Acorn Review and Portfolio Update covers UK equities, TKT hedge, SPY straddle, XLU short, Trend Basket, Ags and wheat, energy / uranium and gold.