Yahoo: If you fell asleep Thursday night and did not wake up until this morning, you would assume that the UK voters elected to stay in the EU. Certainly as we look at the behavior and complexion of the market today, it’s as if nothing happened. As the S&P 500 (^GSPC) is only 2-3% below last Thursday’s close, the market has voted that Brexit is not that big a deal ... so far.Its thoughts are automatic, a reconstruction of news, as seen digitally. The news links are organized, and connected, such that we have a stable search graph. The connections are based on what we think is important. When that happens, then the network has completed a thought. That thought is then matched against a know risk query, it asks: 'Any of these things happening?". The asking becomes a graph convolution, two spanning trees, with no loops, reach a conclusion..
Machines increasingly make investment decisions, they do it under the cover and we are in denial, we think we still have free will.
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