EC Did Google Just Kill The Press?

It might have been a small update, or a large one, we really have no way of knowing.

The end result is that after a June 6th update to Google's artificial intelligence algorithms that select the news we see there's been a massive shift in online traffic. Some websites are seeing their user stats surge to unprecedented levels while others saw their traffic plunge so deeply that they can no longer sustain the business.

One of the most reputable crypto news websites, has now been shut down. They're pointing the finger of blame squarely on the tech giant whose well-known motto is "do no evil."

Even though it's clear that some websites gained at the expense of others, I'm not entirely sure that I buy the 'journalistic bias narrative' alluded to in the above article but what is clear here is that big tech companies certainly have the ability to play kingmaker in many aspects of our personal lives and businesses.

It wasn't long ago that these companies were the champion disruptors but looking now it seems that they might well be ripe for disruption themselves.

Traditional Markets

The stock markets have been on a tear lately. By now several indices are just a spitting distance away from their all-time highest levels. Here's a shot of the Dow Jones, which is just 3% away from breaking the latest funk.

As we've been discussing, the only thing that really matters are central banks and lately they've been extremely supportive.

That doesn't mean investors aren't nervous though. With all the geopolitical uncertainty and the latest jobs numbers flop last Friday, there's plenty of reason for tension. This article explores some of the areas where tension is flaring up...


We can also see it quite clearly in the bond market, where yields have been tanking over the last few weeks. 

What's the old Buffett saying though?... Something about fearful and greedy. I forget.

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Please note: All data, figures & graphs are valid as of June 11th. All trading carries risk. Only risk capital you can afford to lose.

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