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Are AI Stocks Driving the Market?

Editor's Notes:   I am pleased to publish Steve Byrne's brilliant insights into the nature of the current market, as he describes it in "Are AI Stocks Driving the Market?"  Steve has continued to push forward with his research on identifying the best growth stocks. In this effort, he created a Portfolio called "TopAI" which uses the most liquid AI-centric stocks in the market and another on the Russell 3000 using similar filtering and ranking concepts to illustrate the similarity in performance between the two lists.  - Ed Downs

Click Here to download the "Are AI Stocks Driving the Market?" full article.


New OmniFunds

Steve used these Portfolios to bring out two new OmniFunds, ‘NAS100 & AI Mixed Growth’ and "NAS100 & RUSS3000 Mixed Growth", as featured below.

New OmniFund using Nasdaq 100 and Top AI Portfolios (10/18/24)

New OmniFund using Nasdaq 100 and Russell 3000 Portfolios (10/18/24)

About the Author Stephen Byrne

Steve Byrne is a retired oil industry engineer. He has delved deep into Omnifunds since its inception in 2016, dedicating countless hours to uncover its potential. Using Omnitrader, Steve has simulated an Omnifund's performance, enabling him to visualize stock ranking and selective or strategic switching. He understands when to exit a stock, even if it's at the top of the ranking, and he is also aware of increasing returns by selective switching and the power of compounding. Steve is now turning his attention to diverse list types, from AI stocks to ETF constituents, exploring new avenues for growth and diversification. He also has a keen focus on hedging against market downturns.