Stryker's 52‑week Low Signals a Buying Opportunity
Stryker hit a new 52-week low today. Going by the last 40 years, that means it's a buy. https://t.co/Dcwo43vFpe
S&P 500 Endures Its Worst Quarter in Four Years
This looks to be the worst quarter for the S&P 500 in nearly four years. https://t.co/k9hOEkNWoU
Gold's Buying Power on Oil Has G
18 years ago, an ounce of gold bought your 7 barrels of oil. Now it buys your 50 barrels. https://t.co/oEjSQkutLM
ABT Stock Slides, Yet 54-Year Dividend Streak Persists
If you're looking for a bargain, shares of ABT have been drifting downward. ABT has raised its dividend every year for the last 54 years in a row.
Healthcare Drives Job Growth, Outpacing National Gains
"Over the past year, the U.S. has added 156,000 jobs—but healthcare alone was responsible for 375,000 new jobs." https://t.co/85IevT4vGd
New Substack Launches Tonight—Sign up for Fresh Content
New Substack going out this evening. Lots of good stuff. You can sign up here: https://t.co/7l5OFpkdOm
S&P 500 Nears Full Loss of Recent Gains
The S&P 500 is close to giving back all the gains of the last two days and reach another post-Thanksgiving closing low.
US Growth Slows to Third‑Slowest in 14 Years
Last year, the US economy grew at its third-slowest rate in the last 14 years. https://t.co/RDFeuSRfcT
Gas Hits 2023 High, Stocks Surge Anyway
Gas prices reach highest level since October 2023 as oil holds above $100 per barrel; US stocks jump https://t.co/voUmM6Kcb0
Buy Casino Stock in Tax‑deferred Account, Profit Long Term
I've developed an easy trick to make money gambling. Buy the casino's stock in an IRA or other tax-deferred acount, then wait about 20 years.
Ehrlich's Doom Forecasts Proven Wrong by Metal Prices
RIP Paul Ehrlich who made a string of famously apocalyptic predictions in the 1960s and 70s (mass starvation, etc). In 1980, Ehrlich bet Julian Simon that five key metals would rise in price. They didn't. https://t.co/xxFt2N6ptJ
S&P 500 Dips Below 170‑day Average, First Since May
The S&P 500 closed below its 170-day moving average for the first time since May.
Core Inflation Remains Steady Over Past Three Years
Here's monthly seasonally adjusted core. It's been pretty stable for the last three years (perhaps not at the level you'd prefer.) https://t.co/1r4VLXWf1S
Only 28% See U.S. Economy as Good, 72% Not
"In the Pew Research Center’s latest survey, just 28 percent of U.S. adults rate economic conditions as excellent or good, while 72 percent say they are only fair or poor."
Market Bottomed 17 Years Ago; Now up Tenfold
The stock market bottomed out 17 years ago today. The market is up 10-fold since then (incl divs). https://t.co/SZqfiM1kX3
Upcoming Jobs Report May Reveal Weaker Labor Market
The jobs report is due out tomorrow. Along with it, are the annual benchmark revisions. In other words, we may soon learn that the labor market is in worse shape than we thought. https://t.co/b44jhyLPVL
IESC Rebounds, Recovers 20% Loss and More
After its last earnings report, $IESC dropped 20%. It's made it all back and then some. https://t.co/hebBMdjVup
Inflation-Adjusted S&P Still Below 1966 Peak After 25 Years
Today is the 60th anniversary of the great crash -- but little noticed. The S&P 500 peaked at 94.06 on February 9, 1966. The market did surpass that peak but not adjusted for inflation. 25 years later and the inflation...