2023-11: US equity being driven by AI 6-month out

From Sun 19 Nov, Accenture ACN joins top 5 common causal predictors for US equity index ETFs QQQ, SPY, DIA. As of Mon 20 Nov close, the top 5 common causal predictors are:

1. Microsoft MSFT (technology)

2. Nvidia NVDA (semiconductor)

3. Skyworks SWKS (telecommunication)

4. Fedex FDX (courier service)

5. Accenture ACN (consulting service)

ACN was reported to be working on business order for Large Language Models, among others. At least three of the above five are related to AI, as computed by tsterm.com.

FDX was there maybe as it’s a widely used service by consumers, its stock price seems sensitive to inflation rate, it’s also a form of telecommunication but a traditional means.