Lane Mendelsohn, Vantagepoint ai President, Interviewed Live on Fox 5 News
President of the world’s first artificial intelligence trading software invited to interview live via Skype, talks about record breaking online sales
Wesley Chapel, Fla, December 5th, 2018 – Lane Mendelsohn, President of Vantagepoint ai, the software company that developed the first artificial intelligence (AI) trading software in the world available to retail investors and traders was invited to be interviewed live on Fox 5 News as he has been established as a technology and market expert.
Because of Mendelsohn’s impressive insight, he was asked to do a live interview on the Fox 5 News in Washington D.C. via Skype on Cyber Monday. Mendelsohn reported this year’s Black Friday sales have broken records, especially on mobile devices.
Cyber Monday, the Monday after Thanksgiving known as the day of phenomenal online retailer sales has now become a week-long extravaganza. The sales are starting earlier and lasting longer than ever before. Black Friday sales began on Thanksgiving Day, with about $3.7 billion dollars in sales. That is a 28% increase just from last year.
Black Friday broke records as well, with $6.22 billion, a 23% increase from last year. Also, something to note, is that $2 billion in those sales were completed on smartphones. In summary, physical retail locations could be on the down turn, but the retail industry is more than thriving thanks to online retail marketing. “Foot traffic has decreased, but it’s been more than made up for by online shopping, both on Black Friday and Cyber Monday.”, said Lane Mendelsohn, President of Vantagepoint.
The Vantagepoint artificial intelligence algorithms were able to forecast the decline in the Dow, Nasdaq, S&P500 earlier this year, and again in October, all in advance of the market declines. On November 20th Vantagepoint forecasted the Dow to begin trending upwards and since that time the Dow has increased substantially, at a time when traders expected the Dow to trend lower. Vantagepoint’s short term market forecasts have been extremely reliable and consistent allowing traders to preserve capital and build true wealth.
As the first AI trading software in the world available to retail investors, Vantagepoint is also the longest standing, while it remains at the forefront of the trading software industry with about 30,000 customers in about 160 countries worldwide. 2019 marks the Company’s 40th Anniversary of empowering traders and investors around the world.
You can get a free demo of the software at vantagepointsoftware.com or by calling 800-732-5407.
About Vantagepoint ai, LLC Headquartered in Wesley Chapel, Fla., Vantagepoint ai, creators of Vantagepoint software, is a leader in trading software research and software development. Vantagepoint forecasts Stocks, Futures, Forex, and ETFs with proven accuracy of up to 87.4%. Using artificial intelligence, Vantagepoint’s patented Neural Network processes predicts changes in market trend direction up to three days in advance, enabling traders to get in and out of trades at optimal times with confidence.
Transcript of interview:
Fox 5 News Host: Black Friday, small business Saturday. They’re over and done with. Today people across the country, firing up their laptops or tablets, whatever, and clicking for Cyber Monday. Analyst expect online holiday shoppers to spend a record amount. So, let’s bring in technology market expert Lane Mendelsohn with us today to talk about things. Lane, good to see you.
Lane Mendelsohn: Thank you so much.
Fox 5 News Host: All right, let’s talk. For Cyber Monday, we know this has been around for years, and it seems like as the stores have, and sort of that creep with starting with the Black Friday sales a little bit, a couple days sooner, it looks like a lot of the online retailers have been stretching Cyber Monday well beyond, but it’s paying off for them.
Lane Mendelsohn: Oh, yeah, paying off big time. In fact, I have seen several advertisements, they’re not even calling it Cyber Monday, they’re calling it Cyber Week. So, they’re really trying to stretch it out, not just on Black Friday, not just on Cyber Monday, but now it’s become Cyber Week, and it’s really paying off big for the retailers.
The retailer specter had really taken a hit leading up to the holidays and a lot of people were unsure of whether or not the online shopping would be enough to pull the stocks out of the slump, and it really has and the stocks really made the big jump today.
We actually have been forecasting the retail stocks to go up for about a week now and it was just really nice to see some positive news given the fact that the markets had been so weak leading up to the holiday.
Fox 5 News Host: I gotta tell you, first of all, I have a confession to make for people at home. I did go out late on Thanksgiving. I walked into a large retailer. I walked out 20 minutes later with a TV for my dad. I didn’t see a lot of people shopping that late, but a lot of people said they were gonna wait through the weekend. So, what were the deals that people were shopping for today?
Lane Mendelsohn: Well, the deals were widespread and I just wanna say one thing. On Thanksgiving, the actual day of Thanksgiving, online shopping was 3.7 billion dollars.
Fox 5 News Host: Wow.
Lane Mendelsohn: Yeah, and that’s up 28% from a year ago. So, on Thanksgiving day, you may have been one of the only people in there shopping in the brick and mortar, but people were online shopping in a big way. The Black Friday record sales, I mean
this was a record that we hadn’t seen before for online sales. It was 6.22 billion dollars, which was up 23% from a year ago. So, that’s a big jump there.
The big thing that I think a lot of people are talking about or thinking about is the smart phone sales. So, there’s over two billion dollars in sales stemming from smartphones on Black Friday-
Fox 5 News Host: So, people pulling out their phones and buying it right off the phone?
Lane Mendelsohn: Yeah, absolutely. So, you’re right, foot traffic has decreased, but it’s been more than made up for by online shopping, both on Black Friday and Cyber Monday.
Fox 5 News Host: Well, I’ll tell you what. That’s one thing a lot of people in my family said on Thanksgiving dinner is they just assume people are buying more online now, and obviously we’re seeing that play out.
Lane, we got to go, but I appreciate your insight. Lane Mendelsohn from Vantage Point AON. Thanks for joining us tonight.
Lane Mendelsohn: Thank you so much.