S&P 493 Outshines S&P 500 and MAG 7 This Year
Crazy but true chart of the day: The S&P 493 is outperforming both the S&P 500 and the Mag 7 this year And the Mag 7 is underperforming the S&P 500 (via Exhibit A) https://t.co/DWXxBQsIpH
Stocks Rise as Bond Yields Normalize for Growth
Everyone is freaking out about rising government bond yields...except for the stock market Rising yields on 30 year govt bonds and rising stock prices in both Japan and the US What if bond yields are just normalizing for a higher growth/inflation world?...
College Tuition Outpaced by Inflation over Last Decade
Here's something most ppl probably don't realize: College tuition has been rising much slower than the overall pace of inflation the past 10 years Seems like good news https://t.co/W4ZPR7WyuH
Nasdaq 100's Decade Return Beats Historic Market Booms
The Nasdaq 100 now has a higher return over the past 10 years than: Japan in the 1980s The Dow in the Roaring 20s The S&P in the 1950s Still trails the 1990s tech run but it's close Is this it? Is the melt-up here? How much...
AI Hasn't Sparked Job Crisis; Unemployment at Historic Lows
Everyone is waiting for AI to take all the jobs but it's not happening yet The unemployment rate was higher than the current level (4.3%) from March 1970 to March 1998 Prime age labor force participation ratio is essentially at the all-time...
Markets Defy History: Valuations, Debt, Bonds, Housing Shift
Animal Spirits: The Stock Market is Doing Something We've Never Seen Before Paul Tudor Jones on valuations Hyperscaler super growth Govt debt to GDP at 100% A lost decade for long bonds Why housing didn't turn into a bubble this time & more https://t.co/yXVafVnLqa https://t.co/IiaeesCmJw
AI Efficiency Drives Layoffs Amid Pandemic Over‑hiring
Today we made the difficult decision to lay off a decent chunk of our employees b/c AI has made everyone more efficient In unrelated news, our stock price is down 50% and we massively over-hired coming out of the pandemic
Long-Term Government Bonds Yield Negative Returns Since 2013
Long-term government bonds now have a negative return over the past 11 years (including the income) Also still currently in a 40% drawdown from the 2020 highs https://t.co/wxhG5NhiM6
Four Tech Titans Now Outvalue Pre‑Crisis US Market
Coming out of the Great Financial Crisis the entire US stock market was worth around $10 trillion Today the combined market cap of Nvidia, Google, Microsoft and Apple alone is almost $17 trillion https://t.co/O7WiUFZbRp
Energy Markets Are Chaotic, yet Largely Ignored
No one is paying attention to how messed up the energy markets are right now. -everyone
Fed's Rate Moves Defy Crisis Predictions
The Fed kept rates at 0% for a long time Lots of pundits predicted it would lead to a crisis and maybe even hyperinflation Didn't happen Then they raised rates b/c of the pandemic inflation Still no crisis Why? https://t.co/JqtrhQ1AHs https://t.co/g75B9IkwoQ
US Economy Proves Teflon Against Decade’s Crises
One of the big lessons of the 2020s is the US economy can sustain massive disruptions and keep chugging along The pandemic Supply chain shocks 9% inflation Rising rates Tariffs War Now oil It's the Teflon economy https://t.co/SrFxevPWeG
Powell Likely to Be Fed’s Final Independent Chair
What are the odds that Jerome Powell is the last independent Fed chair? My take is it's higher than you think
Earnings Power Drives Market to New Highs Amid Conflict
Why didn't the stock market fall further in the face of a war in the Middle East and an oil price spike? Why are we already back at new all-time highs? In a word -- earnings https://t.co/qfWzRKurxU https://t.co/2MrOBldvIL
S&P 500 Near Historic Bull Market, 17% Annual Gains
The S&P 500 is now up ~17% annually for the past 17 years We're less than 60% away from perhaps the greatest US bull market of all-time This is now a pantheon-level bull market https://t.co/GzJ85BvQrp https://t.co/2R97D7NOE2