While people are losing their minds in the endorphin filled cryptocurrency mania, the mania that can be seen and heard “in real life” is Amazon’s expansion into just about any business venture of their liking. Recently, it’s been buying out Whole Foods and opening their own Amazon grocery stores. What makes Amazon’s grocery stores different from any other store? No standing in line at check out. But in true American god fashion, Amazon lovers are willing to stand in line for a store that doesn’t have lines….
Here’s Reformed Broker on his take on companies growing so big, they become the new American gods:
Rather, they are institutions that have earned the trust and devotion of millions of customers, shareholders, employees and managers. We believe in their products and services, we have faith in their durability, their competitive advantages, their vision of what the future looks like and how they’ll fit into it.
More business ventures, more profits, the higher the stock price, and the more and more people buy in. It may be the reason ICE started their own FANG+ Index Futures contract. But maybe we’re looking at this whole people love Amazon thing wrong. Maybe, it’s that Amazon is on the fore-front of automation, something people can’t get enough of. 63% of Americans say Automation has made life easier, but 56% also say it destroys more jobs than it creates, according to an Ipsos Public Affairs study. Here’s a nice chart looking at people’s favorability and familiarity of everyday automation:
Some of these things will affect jobs and some of them won’t. But according to a new study from NPR, 94% of respondents say they don’t believe they will lose their job to automation. We’ll have to wait and see, but in the meantime, the satirical publication The Onion seems to think Amazon is more about automation oh people then they are to providing people service.
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.
Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.
Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.
Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.
Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.
RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.