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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Spring

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Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Mon. May 28 ~ U.S. markets closed for Memorial Day Holiday
* Wed. May 30 @ 2:00 pm ET ~ Beige Book Report
* Fri. June 1 @ 8:30 am ET ~ Employment Data
* Tues. June 12 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. June 13 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
* Tues. July 3 ~ U.S. markets close early at 1:00 pm ET
* Wed. July 4 ~ U.S. markets closed for Independence Day Holiday
* Thurs. July 5 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Wed. Aug. 1 @ 2:00 pm ET ~ FOMC Announcement
* Mon. Sept. 3 ~ U.S. markets closed for Labour Day Holiday
*** Click here for link to Economic Calendars for all upcoming events

IMPORTANT BLOG POST UPDATES...
* JCPOA - Will President Trump recertify the JCPOA on May 12?...stay tuned...May 8 the answer is "No"...US pariticipation in the deal
is scrapped...new sanctions coming for Iran and, possibly, for nations supporting Iran.

Monday, April 30, 2018

Our Evolution from the First Bite of the Apple to Data Analytics

Who says science and religion can't mix? At first glance, they seem to be polar opposites.

Science relies purely on the collection and analyzing of data and facts and then developing theories around them.

Religion relies on faith and a personal belief system in an unseen entity or supreme being.

One could argue that the Biblical story of Adam and Eve taking a bite from the apple from God's "forbidden tree of knowledge of good and evil" foretold of a time when humans would have the capacity to collect and analyze data and facts ("good" and "evil" knowledge), then develop theories/hypotheses around them for some purpose that could, ultimately determine our survival or our demise.

It seems that we, as a human species, have travelled from the time of humanity's first bite of the apple to today's massive technological data collection and analytics capabilities. We have the ability to undertake:
  • descriptive analytics (answer what happened)
  • diagnostic analytics (why it happened)
  • predictive analytics (what may happen)
  • prescriptive analytics (what we should do)

What we will do with all of that data, and for what purpose, remains a mystery, so far, and whether or not it will benefit humankind remains to be seen. More importantly, who will make those decisions is in question, i.e., humans or artificial intelligence. This is happening right now as Facebook is developing artificial intelligence (algorithms) to determine what data is considered acceptable on their social media platform. Additionally, algorithmic institutional trading in the markets has been widely implemented for awhile, now. As well, intelligence agencies have been gathering and analyzing data for years.

So, really, it's not a question of whether or not science and religion can mix, but it raises a question as to which came first...and leaves me wondering how can they be blended to most beneficially enrich our lives, collectively. It seems to me that if artificial intelligence ends up making those decisions, there would be no room for such blending and our current enjoyment of "free will" becomes extinct.

At what point does artificial intelligence take over? It begins the day we first cede our power to it.

Time is of the essence in figuring out these answers before irreversible mistakes are made and it's too late for the survival of the human race.