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 ominous divergence


Friday Charts: Boom and Bust IPOs, Artificial Intelligence and an Ominous Divergence

#artificialintelligence

Each Friday, I embrace the adage that "a picture is worth a thousand words" and hand-select compelling graphics to put important investment news into perspective. All it takes is a quick glance and you'll be up to speed. The company behind popular messaging app Snapchat priced its IPO on Wednesday and began trading yesterday. As Reuters reports, "Investors set aside concerns about its lack of profits and voting rights for a piece of the hottest tech IPO in years." As I previously warned, Snap is hardly a "fist-pounding buy." And let's get real, Reuters.