Monday, June 9, 2025

Los Angeles riots highlight this AI danger

The past clashes with the future
 
   
     
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Monday, June 9th
“People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.” 

-George Orwell
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Markets Today
 
🌏 Asia-Pacific: Up
🇪🇺 Europe: Down
🇺🇸 United States: Mixed
🛢️ Oil: Up
⚡Crypto: Up
______________________________________________________
Major Market Events 
 
Legendary Bank CEO Ken Moelis to step down. He says “the smoothest transition in Wall Street history is coming”
 
Robinhood stock platform denied membership in S&P 500. Stock is falling as a results
 
Trade war talks with China continue. Rare earth magnets are in focus, as China controls much of the world supply of this crucial asset.
🤔 My Thoughts

Over the weekend I was watching livestreams from Los Angeles, as immigration protestors gathered in the thousands.

Without the careful framing of the mainstream media, I was able to see the raw footage of rioters smashing police cars, crashing motorcycles into police officers…

 
 
 

And lighting Google’s Waymo driverless cars on fire.
 

In the short term Alphabet (Google) stock is up… and a multi-trillion dollar company can easily absorb the losses of a million or two dollars.

But it does highlight a major risk going forward for autonomous robots and vehicles - they are vulnerable to vandalism, destruction and theft.

I believe that autonomous hardware and AI powered robotics ARE the most important tech trend right now - but they also require a certain level of peace and order in our society to work.

It will be interesting to see how massive technological progress clashes with social unrest…

But these are the times we live in!
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💥The Wealthpin Morning Magic💥



(Only on MONDAY this week because Alex is on the road)
 
 
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To Better Trading,

Alex Reid
Wealthpin
 
WealthPin
   
     
   
 

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