I’m guessing there is more if you really started to unpack it all.
The S&P used to represent a broader cross-section of the market. Now, it’s more of an indicator of how a handful of huge tech companies are moving.
It’s still great for portfolios, but I’m not sure it’s much of an economic indicator any more than tracking the income growth of the richest of the top 1%.
There is a thing called “Total Stock Market Index “ which is exactly what it sounds like.
Watch it. Has been in record territory. Pulled back in February.
yep, i hate that thing too.
there is no fiscal responsibility, but its really becoming a serious problem for the future; those under 30 going to have it rough.
It legitimately angers me that it’s been almost 3 decades since we even managed a balanced budget, much less one that reduced the deficit.
It seems like they’ve just given up on even trying.
I’m heavy O&G. My gains have been wonderful. I cut my Walmart holdings by 50%. PE was 44. Amazon jumped up after hitting 199. Still thinking it will drop more.
About a year ago someone said “it’s a stock picker’s market”. Still is but everything is so expensive. Hate to be running a value mutual fund
Stocks are up nicely this morning.
Worth a listen
More Cross-Currents
• Last week there were a lot of stocks making 52-week highs (good, bullish) but also over 100 weekly new lows for the third straight week (bad, bearish).
• According to one data service, since ‘87, a mixed market like this has a negative S&P 500 GPA of -2.7% on average.
• Here are a couple of X posts on this subject —
https://x.com/BenKizemchuk/status/2023153605478670827?s=20
https://x.com/SethCL/status/1753819810348122441?s=20
• Keep your (investing) head on a swivel.
Heard an interesting point this morning on Squawk Box
“If the President is allowed to embargo materials or products from a country, why can he not place tariffs on them?”
Interesting article on PEs buying up mobile home parks and housing affordability. This is a segment
Absolutely insane. Wall Street private equity firms are now buying up American mobile home parks and skyrocketing rents up to 60% on people
“These communities have become the target of a new kind of landlord, private equity. Private equity firms are increasingly getting involved. Some of the biggest investors in America have moved into this industry. People living at a local mobile home park outraged over the sharp increase in lot rents. Rents were raised by nearly 60%.”
Resident “I worked for 45 years. There is no American dream anymore. All it is survival.”
“Homes of America has gone on a buying spree spending nearly $300 million to acquire 138 parks across 17 states. They’ve raised rents and aggressively evicted residents.” and that’s just ONE FIRM buying, there are many more
Resident says “I don’t know what I’m gonna do. Hope that I don’t wake up tomorrow. Death crossed my mind.” She can only afford one more month of rent
5 Likes
They’re governed by different authorities. Embargoes fall under national security powers where the President has broad discretion, while tariffs are effectively taxes, which are constitutionally Congress’s domain and only partially delegated.
I get the thought but the laws are different around the two issues.
2 Likes
He used fentanyl for emergency powers on Canada, Mexico & China. Not sure about the other countries
Everybody is getting squeezed
Wow, wasn’t aware of this happening.
Reminds me of those pay day lender
places that charge really excessive fees or
interest.
Know many don’t like this, but there needs to
be some guvmint regulation on these PE firms
that are doing this to folks in not very desirable housing situation to begin with.