Markets are oversold - as usually happens in September and now entering the seasonally stronger time for the markets. Expecting more broadening ahead w strong EPS.
Enjoy so many tunes from this group. Have a great weekend!
Fiji Blue - Never Get Old
S and P earnings were strong in other years (e.g. 2018), yet the price of stocks slipped in some of those years.
'First level thinking' - earnings are strong, stocks will rise.
'Second level thinking' - earnings are strong, but stocks have discounted this. h/t Howard Marks...
I have not seen a tweet or a post or a pundit video suggesting that 4.70 to 4.75% might be a great buying opportunity?
Good spread to cpi which has recently shown signs of retreating toward 3%.
“The whole secret to winning big in the stock market is not to be right all the time, but to lose the least amount possible when you’re wrong.”
- William O'Neil
@carlquintanilla Yes Carl but the national debt as a percent of gdp was only around 40% (the metric that counts) and yields were much higher than today. Inflation was much higher in the 90’s than today.
Spacex #SPCX is more or less trading with the SOXX #SOXX.
I guess the market is valuing Spacex primarily as a datacenter provider. Given that the valuations of Spacex compared to say Micron #MU are worlds apart, seems like a dream but maybe a reasonable dream.
S&P 500 ex-tech is also at all-time highs.
Further proof that this is a very broad-based rally and it isn't all about only technology.
Nice one from @TheChartReport
@NewWaveAndPunk@DivesTech For all you Santana fans they hadn’t released Santana one yet! That’s why they were so underpaid. They were in the Woodstock line-up only because Billy Graham of Fillmore fame pushed the group on Woodstock organizers.
Last Tuesday was the BIG BREAKOUT to all time highs.
Today a new ATH after a 2.5 month consolidation.
Very classic pattern.
Time for the skeptics ( and there are many of you out there) and bears to start your hibernation early this year! Probably should never have come out of their caves to start with....
"The biggest problem in this market is the lack of refining capacity,"
President of Sankey Research Paul Sankey on the energy market after Pres. Trump scrapped planned strikes on Iran:
https://t.co/TaATYhkG81