SAN FRANCISCO (KRON) – On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon talk about China woes continuing, Tesla’s self-driving cars, and the Super Bowl stock predictor.
Chinese stocks started the week with heavy losses, diving more than 5% Monday as other global markets also fell. U.S. stock futures were marginally higher.
Tesla’s autopilot system collects data from every Tesla car on the road and feeds the company’s intelligence network, which is constantly improving and updating to understand how drivers behave in certain situations and specific areas and roads, which informs every other car in the fleet.
The Super Bowl has done it again. As illogical as it sounds, for seven years in a row the outcome of the game has foretold the stock market’s direction for the year. Overall, this now has happened after 40 of the 49 Super Bowls, for an 82% completion rate. Up or down, it is a phenomenon known as the Super Bowl Predictor, and some say its longtime guardian, who is nearly 90 years old (four decades older than the Super Bowl itself), should be in the Hall of Fame by now, either of investing or football.