This is a good example why you stay invested based on " What the market is doing " and not how the economy is doing or the number wars going on in the world .
*Investors Blog*
- Thread starter Warstud
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Certainly. People tend to confuse the market with the economy. The market is setting record after record. The economy is so strong and resilient, as evidenced by the stubborn inflation and very low unemployment. GDP and corporate profits both continue to soar.
One of my Schwab team advisors told me, "Make your money work for you regardless of the economy."
https://www.cnbc.com/2024/07/07/sto...t-inflation-data-this-week-live-updates-.html
“ The S&P 500 and Nasdaq closed at record highs on Monday as investors await key inflation data to provide further clues about whether this year’s market rally is sustainable. Earnings from some major financial giants and consumer companies are also on the docket. “
Let’s keep things rolling to newer highs.
“ The S&P 500 and Nasdaq closed at record highs on Monday as investors await key inflation data to provide further clues about whether this year’s market rally is sustainable. Earnings from some major financial giants and consumer companies are also on the docket. “
Let’s keep things rolling to newer highs.
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Vehicle sales are getting weak especially Stellantis
https://www.motor1.com/news/725325/stellantis-sales-q2-2024/
https://www.motor1.com/news/725325/stellantis-sales-q2-2024/
The greater market anticipates lower inflation, earnings growth acceleration and interest rate cuts in the second half of 2024.
The S&P 500 has entered the three-month stretch that has historically been one of the best periods of the year for stocks.
Tech is leading growth with the rise of AI. There is widespread enthusiasm about the growth potential of rapidly developing artificial intelligence.
From PwC:
The S&P 500 has entered the three-month stretch that has historically been one of the best periods of the year for stocks.
Tech is leading growth with the rise of AI. There is widespread enthusiasm about the growth potential of rapidly developing artificial intelligence.
From PwC:
- Artificial intelligence (AI) can transform the productivity and GDP potential of the global economy. Strategic investment in different types of AI technology is needed to make that happen.
- Labour productivity improvements will drive initial GDP gains as firms seek to "augment" the productivity of their labour force with AI technologies and to automate some tasks and roles.
- Our research also shows that 45% of total economic gains by 2030 will come from product enhancements, stimulating consumer demand. This is because AI will drive greater product variety, with increased personalisation, attractiveness and affordability over time.
Recession? Correction? Crash?
Just for fun, I dare the team to review the 1st page of this thread... All good.
From CNBC:
The S&P 500 climbed Wednesday to a fresh record, breaking above 5,600 for the first time, as a sharp rise in semiconductor stocks led the market higher.
The broad market index jumped 1.02%, closing at 5,633.91, and notching a seventh straight day of gains. The Nasdaq Composite advanced 1.18%, also hitting an all-time high and ending at 18,647.45. It was the 37th record close in 2024 for the S&P 500, and the 27th for the tech-heavy Nasdaq. The Dow Jones Industrial Average added 429.39 points, or 1.09%, to close at 39,721.36.
Chip stocks were among the largest winners of the session. Taiwan Semiconductor added 3.5% after revenue from April to June came in ahead of Wall Street estimates. Peer chip firm Qualcomm ticked higher by 0.8%, and Broadcom rose about 0.7%. Artificial intelligence darling Nvidia climbed 2.7%.
Just for fun, I dare the team to review the 1st page of this thread... All good.
From CNBC:
The S&P 500 climbed Wednesday to a fresh record, breaking above 5,600 for the first time, as a sharp rise in semiconductor stocks led the market higher.
The broad market index jumped 1.02%, closing at 5,633.91, and notching a seventh straight day of gains. The Nasdaq Composite advanced 1.18%, also hitting an all-time high and ending at 18,647.45. It was the 37th record close in 2024 for the S&P 500, and the 27th for the tech-heavy Nasdaq. The Dow Jones Industrial Average added 429.39 points, or 1.09%, to close at 39,721.36.
Chip stocks were among the largest winners of the session. Taiwan Semiconductor added 3.5% after revenue from April to June came in ahead of Wall Street estimates. Peer chip firm Qualcomm ticked higher by 0.8%, and Broadcom rose about 0.7%. Artificial intelligence darling Nvidia climbed 2.7%.
Loving this market, actually the last few years. But now, this is just insane!
Lots of fun ...
WMT, META, NVDA Roughly 50%/25%/25% All in that order.
Lots of fun ...
WMT, META, NVDA Roughly 50%/25%/25% All in that order.
AG, you were thinking about buying the TSLA dip; I think it was around $150 - $160... Did you cash in?
I was gonna listen to you, but all my cash was gone.... Sheesh!
I'm not sure where your going with that . Review it for what ?
How things looked at the time. In general, there were a lot of people who were justifiably concerned about the economy and the market.
Our economy has proved to be incredibly resilient; look at the rest of the world. Unemployment is low, job creation is robust and consumer spending continues to grow the economy.
The market continues to set records. In March 2020 the S&P was at 2,300; it breached 5,600 today.
Owen Lucas
$100 Site Donor 2023
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I don't know about you guys, but I'm cashing out a little bit right now.
Pre-election event vibes are starting to sink into my tinfoil hat covered head. One party has been getting desperate for a while and I feel they may try to pull another "event" to change the situation last minute. My theory is to find a reason to collude with a majority of states to stimy the electoral college by finding a reason for the electors not to report. A lot of hot spots around the world that could escalate or pull off a domestic event / cyber situation? Other countries are interested in influencing our election results as well. They saw how covid and social unrest worked, why not repeat the chaos?
Who knows, but it's worth hedging my bets here at the top.
Pre-election event vibes are starting to sink into my tinfoil hat covered head. One party has been getting desperate for a while and I feel they may try to pull another "event" to change the situation last minute. My theory is to find a reason to collude with a majority of states to stimy the electoral college by finding a reason for the electors not to report. A lot of hot spots around the world that could escalate or pull off a domestic event / cyber situation? Other countries are interested in influencing our election results as well. They saw how covid and social unrest worked, why not repeat the chaos?
Who knows, but it's worth hedging my bets here at the top.
The market could crash, mainly because it has done so and will again. BUT most of the above is nonsense.
and I keep telling myself, with ten years left to retire, dollar cost averaging will work for me.....
but I admit, I am getting nervous.
I am still in but I do believe we are late cycle. How late - who knows? The trend is your friend until it’s not.
I have the same concern but I did back in 2020, 2021, 2022 and 2023 too, FWIW. Glad I've been DCA for the time. Bit easier for me since I have 25+ years but then again I'd like to have 5 years lol.
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There is a chance of a rate cut between now and September. You don’t want miss that. I suspect a certain undervalued stocks will keep rising, the overall market will have slight pullback from profit taking in August, then a run up after a rate cut.
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VIX is very low right now. As quarterly profits roll in, there are more gains coming for the right picks.
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I'm sort thinking the same thing.. you talk about a bull run..
I retired in 2019. sat on a large lump sum in a cash investment and sat on it thinking the stock market was too good to be true in 2019 2020... Covid came along and that wholesale crash of all the markets so I dumped that pile of cash into mutual funds right near what is probably the market bottom in 2020.
so you know I have some real winners in there... becausse I dont have any investments that haven't outperformed the Sp500... all big winners and lately that is really true.
the biggest winner of them all is a Semiconductor fund that I opened in 2016 and further funded in 2020..
it is up about 400% now.
I've been questioning if I should take a cut of all of them, convert them into something relatively safe and wait for a good correction
and just rebuy. OTOH I dont really have any debt, and live on what comes in every month and generally have money left over
so what would I do with the cash if I took a cut? I dont need anything
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CPI just came in lower than expected. We’re in for a good day.
Looks like the 10 year is yielding a little more than the 5 as it should be, premarket
