There's an interest strategy being floated around that attempts to profit off the coming tax cuts from Republicans. The idea is to buy stock in the companies that pay the highest tax rate before a tax cut plan is passed. The logic is that when the tax cuts do eventually come, it will result in an earnings revision upgrade which should push the stock higher.
Economics tells us that it's impossible for computer A.I. and automation to take all of our jobs. The reason is that the corporations that are investing and implementing automation technology would be shooting themselves in the foot because human employees are also the very customers that buy their goods and services. Eliminate the jobs and you eliminate the very customers you need to survive. Economics tells us that if the demand for something goes to zero, the supply will also go to zero.
Is Wedbush drinking the Kool-Aid on Amazon? I'm thinking Amazon is hell-bent on taking over the world. One day, Amazon stock could be worth more than Berkshire Hathaway if the government doesn't slap an antitrust suit against the company. It's a pretty good bet that Republicans are not going to lead the charge on that one and so Wedbush could be right in their prediction.