The Money Section | Can ChatGPT predict stocks?

͏Also, this popular investing strategy is making a comeback. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ [The Charlotte Observer]( May 3, 2023 • Issue #31 [The Money Section] This week, we’re looking at whether ChatGPT can predict stocks, a popular investing strategy that’s currently making a comeback, and why gas prices are finally falling. “Buying the dip” makes a comeback [Buying the dip]( Eddie Lee / Money; Getty Images The strategy of buying stocks when their price declines (known as "buying the dip,") is making a comeback in 2023. The trend is returning after falling out of favor last year, according to investment service group Bespoke. This suggests it can be a better long-term investment than buying on momentum. [Read more.]( 🔮 Can ChatGPT predict stocks? Researchers from the University of Florida have found that the popular chatbot, ChatGPT, can predict whether a stock price will rise or fall based on news headlines. The AI outperformed traditional sentiment analysis methods and could lead to more efficient markets. However, [there are some caveats.]( ↕ Will we or won't we? Experts disagree on whether the US is headed for a recession or not. While economic growth slowed to 1.1% in Q1 2023, inflation and unemployment also decreased. However, reduced government spending and depleted savings may impact spending and trigger a recession. [Here’s what you need to know.]( IRS resumes debt collections [IRS debt collection]( Eddie Lee / Money; Getty Images The IRS is resuming its collection of overdue taxes, which was paused during the pandemic. The agency is now sending balance-due letters and other notices to taxpayers who owe back taxes, warning of possible property seizure and other penalties if the debt remains unpaid. [Read more.]( 🎉 Tax refunds are a go. Tax refunds are mostly back on schedule in 2023, thanks to the Inflation Reduction Act, which provided nearly $80 billion in IRS funding to improve automated systems and hire new employees. However, refunds can take longer if there are [issues with the return.]( 🌧 A gloomy forecast. The percentage of Americans who feel confident about having enough money to live comfortably in retirement has fallen to the lowest level in 15 years. A recent [survey]( found that 64% of workers are very or somewhat confident they’ll have enough money to live comfortably in retirement, down from 73% in 2022. [Read more.]( Gas takes the pedal off the metal [Gas prices falling]( Eddie Lee / Money; Getty Images Gas prices in the US are declining due to falling oil prices and the end of refinery maintenance season, bringing some relief to drivers who have been paying high prices for much of 2023. The national average for a gallon of regular gasoline is $3.58, down 6.3 cents from a week ago, with prices expected to continue declining [in the coming weeks.]( 😱 Sticker shock. As food prices rise, many consumers in the US are cutting back on snacks and luxuries, seeking cheaper alternatives or buying generic products. Major companies have been offsetting drops in sales volumes by raising prices and seeing profits grow, but there is a risk that consumers will start to resist such increases. [Here’s what you need to know.]( 🤕 Inflation frustration. The US has experienced high inflation for two years, initially driven by pandemic disruptions and exacerbated by the war in Ukraine. While the economy is now slowing down and some price increases are starting to moderate, inflation for services remains high. See what the Fed is considering doing to slow growth and [bring down inflation.]( Smart Money Move Tap into your home's value with a HELOC [Home Warranty] [Home Warranty]With home prices still increasing in many states, your property may be worth much more than you think. Home Equity Lines of Credit (or HELOCs) allow you to borrow against the available equity in your home using your house as collateral, providing access to funds for important expenses like home renovations or debt consolidation – all without having to sell or refinance. Plus, interest rates on these lines of credit are often lower than other forms of credit and might even be tax-deductible, helping you save money in the long run. View our [Best Home Equity Loans list]( to find companies with A+ BBB ratings and 0 application fees. Stories we're reading this week - [Retail Therapy? The Unexpected Way Your Mental Health Correlates to Splurging]( - [It's Time to Protect Yourself from Voice Scams]( - [Americans’ Confidence in a Comfortable Retirement Is Plunging Due to Inflation]( - [First Republic Bank is Seized, Sold to JP Morgan in Second-Largest U.S. Bank Failure]( - [Here Are the Top 20 Emerging Housing Markets for Spring 2023]( - [25 Internships That Pay $7,000 a Month or Higher]( The Money Section is written in partnership with Money Research Collective This email was sent to {EMAIL} because you are signed up to receive marketing emails or newsletters from The Charlotte Observer. If you no longer wish to receive emails of this type, you may [unsubscribe]( or [update your email preferences](. We are unable to monitor replies to this email. Please [contact customer service]( if you have any questions or concerns. [Privacy Policy]( | [Terms of Service]( | [View in Browser]( Copyright © 2023 The Charlotte Observer. 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