#fintwit are you or a loved one suffering from $GME fatigue? Check out my article about the performance of Cyclical vs. Defensive stocks in 2020.
https://t.co/3VRlXXwlvN
@awealthofcs agree. by 2022 monthly payments had doubled while rates were still at 3.45% bc home prices were up 60%. then the rate shock. by Oct '23 payments were 3x the '16 level. buyers either need prices to fall, rates to drop significantly, or income to catch up. any of this likely? nope
@jposhaughnessy @nope_its_lily Chicago the same way. Extended wait times, multiple driver changes, etc. to the point where it’s almost necessary to plan ahead and schedule rides if you want to make sure you’re on time.
A Wall Street professional with a top 10 MBA, 22 years of experience and access to the best research is up 3% this year.
An amateur trader with an associates degree, 2 months of experience and access to social media is up 3,000% this year.
What a world.
I think it’s going to be very obvious looking back in a number of years that the advent of social networks increased the number of micro bubbles in the markets
Even if it dies down for a while this stuff is not going away
Faster markets are here to stay
@DaveNadig Great article. It’s easy to lump time periods together but you hit on a lot of points that resonate with me why this time it’s different. Keep these coming!
@valueterminal Consultant for a fintech company. Most of what I work on is in the Quant and Risk space but my background is Econ. Historically passive consumption of tweets. Trying to branch out and start sharing my own thoughts more.