U.S. stocks continue to soar!

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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

CurlyDave wrote: Tue Jan 11, 2022 9:26 am
Visitor76 wrote: Tue Jan 11, 2022 8:40 am Time to start up the Free Fall thread....
Well, the NASDAQ still has a tenuous hold on green. But it is fading fast.
Of course it is down, The Fed raising rates will almost certainly put Apple, Google, Microsoft, Adobe, Nvidia and Amazon out of business, LOL. Zombie companies with no future. Not that people overreact or anything. :oops: :oops: :oops:

Yes, this is total sarcasm.
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Re: U.S. stocks continue to soar!

Post by atdharris »

TheTimeLord wrote: Tue Jan 11, 2022 9:41 am
CurlyDave wrote: Tue Jan 11, 2022 9:26 am
Visitor76 wrote: Tue Jan 11, 2022 8:40 am Time to start up the Free Fall thread....
Well, the NASDAQ still has a tenuous hold on green. But it is fading fast.
Of course it is down, The Fed raising rates will almost certainly put Apple, Google, Microsoft, Adobe, Nvidia and Amazon out of business, LOL. Zombie companies with no future. Not that people overreact or anything. :oops: :oops: :oops:

Yes, this is total sarcasm.
It is sort of funny. You'd think you'd want to be in those companies in a rising rate environment since they have plenty of cash on hand.
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

atdharris wrote: Tue Jan 11, 2022 10:08 am
TheTimeLord wrote: Tue Jan 11, 2022 9:41 am
CurlyDave wrote: Tue Jan 11, 2022 9:26 am
Visitor76 wrote: Tue Jan 11, 2022 8:40 am Time to start up the Free Fall thread....
Well, the NASDAQ still has a tenuous hold on green. But it is fading fast.
Of course it is down, The Fed raising rates will almost certainly put Apple, Google, Microsoft, Adobe, Nvidia and Amazon out of business, LOL. Zombie companies with no future. Not that people overreact or anything. :oops: :oops: :oops:

Yes, this is total sarcasm.
It is sort of funny. You'd think you'd want to be in those companies in a rising rate environment since they have plenty of cash on hand.
You would think, not like any of them will face serious increases in borrowing costs. Also, it seems to me they all make products that have a deflationary effect. I get the repricing thing but long term I think at least a couple of these companies have a future.
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Re: U.S. stocks continue to soar!

Post by sailaway »

It's going to be a long, wild day, isn't it? :shock:
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

SPX +0.33% as Chair Powell's testimony continues.
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

Saw this on Twitter and thought it was interesting.
US 10-Year Treasury Yield...
Jan 1980: 10.7%
Jan 1985: 11.6%
Jan 1990: 8.0%
Jan 1995: 7.8%
Jan 2000: 6.7%
Jan 2005: 4.3%
Jan 2010: 3.9%
Jan 2015: 1.9%
Jan 2020: 1.8%
Jan 2021: 1.2%
Jan 2022: 1.8%
https://twitter.com/charliebilello/stat ... 71617?s=20
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

Marseille07 wrote: Tue Jan 11, 2022 10:38 am SPX +0.33% as Chair Powell's testimony continues.
And interest rates are substantially unchanged.
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

TheTimeLord wrote: Tue Jan 11, 2022 10:40 am Saw this on Twitter and thought it was interesting.
US 10-Year Treasury Yield...
Jan 1980: 10.7%
Jan 1985: 11.6%
Jan 1990: 8.0%
Jan 1995: 7.8%
Jan 2000: 6.7%
Jan 2005: 4.3%
Jan 2010: 3.9%
Jan 2015: 1.9%
Jan 2020: 1.8%
Jan 2021: 1.2%
Jan 2022: 1.8%
https://twitter.com/charliebilello/stat ... 71617?s=20
This demonstrates that there a whole generation of young investors who have never experienced the "horror" of a 10 year Treasury at 5% or higher.

That's something that we old-timers used to think was just normal.
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
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Re: U.S. stocks continue to soar!

Post by atdharris »

Stinky wrote: Tue Jan 11, 2022 10:43 am
TheTimeLord wrote: Tue Jan 11, 2022 10:40 am Saw this on Twitter and thought it was interesting.
US 10-Year Treasury Yield...
Jan 1980: 10.7%
Jan 1985: 11.6%
Jan 1990: 8.0%
Jan 1995: 7.8%
Jan 2000: 6.7%
Jan 2005: 4.3%
Jan 2010: 3.9%
Jan 2015: 1.9%
Jan 2020: 1.8%
Jan 2021: 1.2%
Jan 2022: 1.8%
https://twitter.com/charliebilello/stat ... 71617?s=20
This demonstrates that there a whole generation of young investors who have never experienced the "horror" of a 10 year Treasury at 5% or higher.

That's something that we old-timers used to think was just normal.
I remember when savings accounts yielded 4-5% APY. And then people wonder why stocks are the only game in town now...
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Re: U.S. stocks continue to soar!

Post by z3r0c00l »

atdharris wrote: Tue Jan 11, 2022 10:45 am
Stinky wrote: Tue Jan 11, 2022 10:43 am
TheTimeLord wrote: Tue Jan 11, 2022 10:40 am Saw this on Twitter and thought it was interesting.
US 10-Year Treasury Yield...
Jan 1980: 10.7%
Jan 1985: 11.6%
Jan 1990: 8.0%
Jan 1995: 7.8%
Jan 2000: 6.7%
Jan 2005: 4.3%
Jan 2010: 3.9%
Jan 2015: 1.9%
Jan 2020: 1.8%
Jan 2021: 1.2%
Jan 2022: 1.8%
https://twitter.com/charliebilello/stat ... 71617?s=20
This demonstrates that there a whole generation of young investors who have never experienced the "horror" of a 10 year Treasury at 5% or higher.

That's something that we old-timers used to think was just normal.
I remember when savings accounts yielded 4-5% APY. And then people wonder why stocks are the only game in town now...
But what was inflation at that time? We keep hearing about how great CDs and bank accounts were, but net of inflation they still didn't do that well. CD rates after inflation have been between -2% and +4% for most of the last 60 years with an average of about 2%. True, there were a fleeting few years between 1982 and 1985 where you got lucky in CDs and bank accounts for a little while as inflation dropped.
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Re: U.S. stocks continue to soar!

Post by peskypesky »

z3r0c00l wrote: Tue Jan 11, 2022 10:49 am But what was inflation at that time? We keep hearing about how great CDs and bank accounts were, but net of inflation they still didn't do that well. CD rates after inflation have been between -2% and +4% for most of the last 60 years with an average of about 2%. True, there were a fleeting few years between 1982 and 1985 where you got lucky in CDs and bank accounts for a little while as inflation dropped.
Exactly. Looking at returns by themselves means nothing if you don't know their inflation context.
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

Stinky wrote: Tue Jan 11, 2022 10:43 am
TheTimeLord wrote: Tue Jan 11, 2022 10:40 am Saw this on Twitter and thought it was interesting.
US 10-Year Treasury Yield...
Jan 1980: 10.7%
Jan 1985: 11.6%
Jan 1990: 8.0%
Jan 1995: 7.8%
Jan 2000: 6.7%
Jan 2005: 4.3%
Jan 2010: 3.9%
Jan 2015: 1.9%
Jan 2020: 1.8%
Jan 2021: 1.2%
Jan 2022: 1.8%
https://twitter.com/charliebilello/stat ... 71617?s=20
This demonstrates that there a whole generation of young investors who have never experienced the "horror" of a 10 year Treasury at 5% or higher.

That's something that we old-timers used to think was just normal.
I think old timers need to keep in mind what they experienced isn't necessarily the norm.

Image
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Re: U.S. stocks continue to soar!

Post by nigel_ht »

TheTimeLord wrote: Tue Jan 11, 2022 10:19 am
atdharris wrote: Tue Jan 11, 2022 10:08 am
TheTimeLord wrote: Tue Jan 11, 2022 9:41 am
CurlyDave wrote: Tue Jan 11, 2022 9:26 am
Visitor76 wrote: Tue Jan 11, 2022 8:40 am Time to start up the Free Fall thread....
Well, the NASDAQ still has a tenuous hold on green. But it is fading fast.
Of course it is down, The Fed raising rates will almost certainly put Apple, Google, Microsoft, Adobe, Nvidia and Amazon out of business, LOL. Zombie companies with no future. Not that people overreact or anything. :oops: :oops: :oops:

Yes, this is total sarcasm.
It is sort of funny. You'd think you'd want to be in those companies in a rising rate environment since they have plenty of cash on hand.
You would think, not like any of them will face serious increases in borrowing costs. Also, it seems to me they all make products that have a deflationary effect. I get the repricing thing but long term I think at least a couple of these companies have a future.
Ah but which two? Because obviously the rest are goners...
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

nigel_ht wrote: Tue Jan 11, 2022 1:56 pm
TheTimeLord wrote: Tue Jan 11, 2022 10:19 am
atdharris wrote: Tue Jan 11, 2022 10:08 am
TheTimeLord wrote: Tue Jan 11, 2022 9:41 am
CurlyDave wrote: Tue Jan 11, 2022 9:26 am

Well, the NASDAQ still has a tenuous hold on green. But it is fading fast.
Of course it is down, The Fed raising rates will almost certainly put Apple, Google, Microsoft, Adobe, Nvidia and Amazon out of business, LOL. Zombie companies with no future. Not that people overreact or anything. :oops: :oops: :oops:

Yes, this is total sarcasm.
It is sort of funny. You'd think you'd want to be in those companies in a rising rate environment since they have plenty of cash on hand.
You would think, not like any of them will face serious increases in borrowing costs. Also, it seems to me they all make products that have a deflationary effect. I get the repricing thing but long term I think at least a couple of these companies have a future.
Ah but which two? Because obviously the rest are goners...
That's why stock picking is so hard.
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Re: U.S. stocks continue to soar!

Post by lostdog »

Heading to the gym!!

Increase or decline at the end?
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Re: U.S. stocks continue to soar!

Post by Stinky »

lostdog wrote: Tue Jan 11, 2022 2:04 pm Heading to the gym!!

Increase or decline at the end?
We want you to work hard for an INCREASE!

Boglehead Nation is counting on you. :moneybag :moneybag
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

Starting a melt-up watch. :D :D
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

FinTech is finally having a good day.
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

OK, not quite a melt up, but some strength in the last few minutes.
Answering a question is easy -- asking the right question is the hard part.
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Re: U.S. stocks continue to soar!

Post by peskypesky »

TheTimeLord wrote: Tue Jan 11, 2022 2:49 pm FinTech is finally having a good day.
LEGR has actually been doing quite well lately, for a tech fund:
https://finance.yahoo.com/quote/LEGR?p= ... c=fin-srch
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

CPI report coming 8:30am et tomorrow morning (Wednesday, 1/12). Keep your fingers and toes crossed that it comes in at consensus.

CPI link

For a refresher, there is a great graph on this page showing various inflation metrics.
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Re: U.S. stocks continue to soar!

Post by rockstar »

Good day. The Powell questions seemed more concerned with the Fed not stopping folks from destroying the planet than inflation. No wonder the market rallied. Maybe next time they'll ask him about unicorns and rainbows or banning Care Bears for sharing. :)
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

CPI would be a huge report. I also find it interesting that some Fed officials are now saying 4~5 hikes this year, as opposed to only 3 as reported previously.
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Re: U.S. stocks continue to soar!

Post by rockstar »

Marseille07 wrote: Tue Jan 11, 2022 5:52 pm CPI would be a huge report. I also find it interesting that some Fed officials are now saying 4~5 hikes this year, as opposed to only 3 as reported previously.
What Fed official said that?

I only heard that the markets seem to be asking for four based on some metrics over at Bloomberg. I don't fully understand them, but until I see another dot plot saying otherwise, I think, it's three hikes with maybe a forth to get us to 1%. We'll see what happens. I'm betting Powell waits for some news on supply chain issues resolving themselves before becoming super aggressive.
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

rockstar wrote: Tue Jan 11, 2022 6:04 pm What Fed official said that?

I only heard that the markets seems to be asking for based on some metrics over at Bloomberg. I don't fully understand them, but until I see another dot plot saying otherwise, I think, it's three hikes with maybe a forth to get us to 1%. We'll see what happens. I'm betting Powell waits for some news on supply chain issues resolving themselves before becoming super aggressive.
I think I got mixed up. The St. Louis Fed president Bullard said the first hike might be as early as March, then Jamie Dimon of J.P.Morgan said "would be surprised if it's just four increases this year" but Dimon is not a Fed official.

The Atlanta Fed chair Bostic also supports the idea of a March hike: https://www.thestreet.com/investing/atl ... ike-needed
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Re: U.S. stocks continue to soar!

Post by garlandwhizzer »

I believe it's a mistake to pay much attention to the ups and downs of one day of market action. Or why it happened that particular way on that day. Short term thinking provides a very appealing emotional hook, but it's not the raw material for long term investing success. It's easy to say "think only about the long term, forget the daily noise," but it's hard to do.

Long term success for most of is derives from the hard work of finding the right asset allocation tailored to each of us personally and then doing the boring disciplined habit of adding assets to it on a regular, hopefully monthly, basis. You do that regardless of what the market is doing at that particular time whether it's a deep bear of an exuberant bull. Over a long time frame that approach has consistently generated excellent returns. Most who spend their mental energy focusing on short term market gyrations, especially for a single day, tend to go through more emotional ups and downs. They also tend to underperform the boring disciplined strategy that pays little or no attention to short term market gyrations. One key to success IMO is focusing only on what's important--long term goals, strategies, and outcomes--and neglecting what's not important--short term noise.

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rockstar
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Re: U.S. stocks continue to soar!

Post by rockstar »

Marseille07 wrote: Tue Jan 11, 2022 6:09 pm
rockstar wrote: Tue Jan 11, 2022 6:04 pm What Fed official said that?

I only heard that the markets seems to be asking for based on some metrics over at Bloomberg. I don't fully understand them, but until I see another dot plot saying otherwise, I think, it's three hikes with maybe a forth to get us to 1%. We'll see what happens. I'm betting Powell waits for some news on supply chain issues resolving themselves before becoming super aggressive.
I think I got mixed up. The St. Louis Fed president Bullard said the first hike might be as early as March, then Jamie Dimon of J.P.Morgan said "would be surprised if it's just four increases this year" but Dimon is not a Fed official.

The Atlanta Fed chair Bostic also supports the idea of a March hike: https://www.thestreet.com/investing/atl ... ike-needed
March seems highly likely. It's the timing of the other ones.

And of course, a CEO of a bank would want higher rates. It's great for their business model.
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Re: U.S. stocks continue to soar!

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Robot Monster wrote: Tue Jan 11, 2022 5:38 pm CPI report coming 8:30am et tomorrow morning (Wednesday, 1/12). Keep your fingers and toes crossed that it comes in at consensus.

CPI link

For a refresher, there is a great graph on this page showing various inflation metrics.
Happy CPI report! Meeting expectations.
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Re: U.S. stocks continue to soar!

Post by Stinky »

Robot Monster wrote: Wed Jan 12, 2022 7:34 am
Robot Monster wrote: Tue Jan 11, 2022 5:38 pm CPI report coming 8:30am et tomorrow morning (Wednesday, 1/12). Keep your fingers and toes crossed that it comes in at consensus.

CPI link

For a refresher, there is a great graph on this page showing various inflation metrics.
Happy CPI report! Meeting expectations.
And US stocks seem poised to resume their regularly scheduled soaring. :moneybag
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

Stinky wrote: Wed Jan 12, 2022 8:25 am
Robot Monster wrote: Wed Jan 12, 2022 7:34 am
Robot Monster wrote: Tue Jan 11, 2022 5:38 pm CPI report coming 8:30am et tomorrow morning (Wednesday, 1/12). Keep your fingers and toes crossed that it comes in at consensus.

CPI link

For a refresher, there is a great graph on this page showing various inflation metrics.
Happy CPI report! Meeting expectations.
And US stocks seem poised to resume their regularly scheduled soaring. :moneybag
So the CPI report did not just meet expectations, it exceeded them. I am not so certain this is a good thing, but Mr. Market is once again green this morning. :confused

And this investor is going to do the most intelligent thing he can think of on this news, which is NOTHING.
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Re: U.S. stocks continue to soar!

Post by goodenyou »

CurlyDave wrote: Wed Jan 12, 2022 8:38 am
Stinky wrote: Wed Jan 12, 2022 8:25 am
Robot Monster wrote: Wed Jan 12, 2022 7:34 am
Robot Monster wrote: Tue Jan 11, 2022 5:38 pm CPI report coming 8:30am et tomorrow morning (Wednesday, 1/12). Keep your fingers and toes crossed that it comes in at consensus.

CPI link

For a refresher, there is a great graph on this page showing various inflation metrics.
Happy CPI report! Meeting expectations.
And US stocks seem poised to resume their regularly scheduled soaring. :moneybag
So the CPI report did not just meet expectations, it exceeded them. I am not so certain this is a good thing, but Mr. Market is once again green this morning. :confused

And this investor is going to do the most intelligent thing he can think of on this news, which is NOTHING.
Maybe more I Bond posts.
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

CurlyDave wrote: Wed Jan 12, 2022 8:38 am
Stinky wrote: Wed Jan 12, 2022 8:25 am
Robot Monster wrote: Wed Jan 12, 2022 7:34 am
Robot Monster wrote: Tue Jan 11, 2022 5:38 pm CPI report coming 8:30am et tomorrow morning (Wednesday, 1/12). Keep your fingers and toes crossed that it comes in at consensus.

CPI link

For a refresher, there is a great graph on this page showing various inflation metrics.
Happy CPI report! Meeting expectations.
And US stocks seem poised to resume their regularly scheduled soaring. :moneybag
So the CPI report did not just meet expectations, it exceeded them. I am not so certain this is a good thing, but Mr. Market is once again green this morning. :confused

And this investor is going to do the most intelligent thing he can think of on this news, which is NOTHING.
The news on CPI was not in the headline.
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Re: U.S. stocks continue to soar!

Post by Buddtholomew »

garlandwhizzer wrote: Tue Jan 11, 2022 6:10 pm I believe it's a mistake to pay much attention to the ups and downs of one day of market action. Or why it happened that particular way on that day. Short term thinking provides a very appealing emotional hook, but it's not the raw material for long term investing success. It's easy to say "think only about the long term, forget the daily noise," but it's hard to do.

Long term success for most of is derives from the hard work of finding the right asset allocation tailored to each of us personally and then doing the boring disciplined habit of adding assets to it on a regular, hopefully monthly, basis. You do that regardless of what the market is doing at that particular time whether it's a deep bear of an exuberant bull. Over a long time frame that approach has consistently generated excellent returns. Most who spend their mental energy focusing on short term market gyrations, especially for a single day, tend to go through more emotional ups and downs. They also tend to underperform the boring disciplined strategy that pays little or no attention to short term market gyrations. One key to success IMO is focusing only on what's important--long term goals, strategies, and outcomes--and neglecting what's not important--short term noise.

Garland Whizzer
Great post, thanks GW
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Re: U.S. stocks continue to soar!

Post by lostdog »

Decline in progress...
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Re: U.S. stocks continue to soar!

Post by lostdog »

Looks like party over for U.S. stocks.

ex-US is having an after party.
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Re: U.S. stocks continue to soar!

Post by peskypesky »

Terrible inflation report.
Market reaction; "Yay!!"

:oops: :confused :shock:
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Re: U.S. stocks continue to soar!

Post by Nathan Drake »

peskypesky wrote: Wed Jan 12, 2022 10:30 am Terrible inflation report.
Market reaction; "Yay!!"

:oops: :confused :shock:
Terrible inflation -> aggressive fed tapering -> recession -> lower inflation -> aggressive fed easing

Market is just playing the 4D chess long game expecting the punch bowl to return
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Re: U.S. stocks continue to soar!

Post by willthrill81 »

Nathan Drake wrote: Wed Jan 12, 2022 10:41 am
peskypesky wrote: Wed Jan 12, 2022 10:30 am Terrible inflation report.
Market reaction; "Yay!!"

:oops: :confused :shock:
Terrible inflation -> aggressive fed tapering -> recession -> lower inflation -> aggressive fed easing

Market is just playing the 4D chess long game expecting the punch bowl to return
Of course, there are many ways that such long logic chains can fall apart.
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Re: U.S. stocks continue to soar!

Post by willthrill81 »

lostdog wrote: Wed Jan 12, 2022 9:55 am Looks like party over for U.S. stocks.

ex-US is having an after party.
Yeah, I'm sure that ex-U.S. being up almost 3% YTD over U.S. is a clear signal that the dramatic underperformance of ex-U.S. for 15 years is over. :wink:

Meanwhile, AVUV (U.S. SCV) is ahead of both YTD.
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Re: U.S. stocks continue to soar!

Post by newyorker »

Tapering has begun
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Re: U.S. stocks continue to soar!

Post by lostdog »

willthrill81 wrote: Wed Jan 12, 2022 10:52 am
lostdog wrote: Wed Jan 12, 2022 9:55 am Looks like party over for U.S. stocks.

ex-US is having an after party.
Yeah, I'm sure that ex-U.S. being up almost 3% YTD over U.S. is a clear signal that the dramatic underperformance of ex-U.S. for 15 years is over. :wink:

Meanwhile, AVUV (U.S. SCV) is ahead of both YTD.
I was waiting for someone to bring this up. :beer
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Nathan Drake
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Re: U.S. stocks continue to soar!

Post by Nathan Drake »

willthrill81 wrote: Wed Jan 12, 2022 10:52 am
lostdog wrote: Wed Jan 12, 2022 9:55 am Looks like party over for U.S. stocks.

ex-US is having an after party.
Yeah, I'm sure that ex-U.S. being up almost 3% YTD over U.S. is a clear signal that the dramatic underperformance of ex-U.S. for 15 years is over. :wink:

Meanwhile, AVUV (U.S. SCV) is ahead of both YTD.
AVDV and AVES are both performing better than AVUV this year.

When TSM of one region outperforms, and factor premiums show up, then regional factor performance tends to be perform better as well (and has magnified gains vs TSM)
20% VOO | 20% VXUS | 20% AVUV | 20% AVDV | 20% AVES
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Re: U.S. stocks continue to soar!

Post by willthrill81 »

Nathan Drake wrote: Wed Jan 12, 2022 10:57 am
willthrill81 wrote: Wed Jan 12, 2022 10:52 am
lostdog wrote: Wed Jan 12, 2022 9:55 am Looks like party over for U.S. stocks.

ex-US is having an after party.
Yeah, I'm sure that ex-U.S. being up almost 3% YTD over U.S. is a clear signal that the dramatic underperformance of ex-U.S. for 15 years is over. :wink:

Meanwhile, AVUV (U.S. SCV) is ahead of both YTD.
AVDV and AVES are both performing better than AVUV this year.

When TSM of one region outperforms, and factor premiums show up, then regional factor performance tends to be perform better as well (and has magnified gains vs TSM)
The moral story is global SCV for the win? 8-)
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Re: U.S. stocks continue to soar!

Post by peskypesky »

newyorker wrote: Wed Jan 12, 2022 10:54 am Tapering has begun
I don't think that means what you think it means.
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Re: U.S. stocks continue to soar!

Post by peskypesky »

Gotta love these wacky markets! Terrible inflation report comes out and both stocks and cryptos rise. Maybe we will be able to have our cake and eat it too: rising interest rates AND rising risk assets. :sharebeer :moneybag
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Re: U.S. stocks continue to soar!

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It makes sense when you realize that the "terrible" inflation has been great for corporate profits.
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Re: U.S. stocks continue to soar!

Post by peskypesky »

drk wrote: Wed Jan 12, 2022 3:44 pm It makes sense when you realize that the "terrible" inflation has been great for corporate profits.
Yes! We can have high inflation, high corporate profits, increasing interest rates, QE tapering and cake! Turns out...we can actually have it all.
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steve roy
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Re: U.S. stocks continue to soar!

Post by steve roy »

peskypesky wrote: Wed Jan 12, 2022 4:10 pm
drk wrote: Wed Jan 12, 2022 3:44 pm It makes sense when you realize that the "terrible" inflation has been great for corporate profits.
Yes! We can have high inflation, high corporate profits, increasing interest rates, QE tapering and cake! Turns out...we can actually have it all.
Is America a great country or what?
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steve roy
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Re: U.S. stocks continue to soar!

Post by steve roy »

peskypesky wrote: Wed Jan 12, 2022 4:10 pm
drk wrote: Wed Jan 12, 2022 3:44 pm It makes sense when you realize that the "terrible" inflation has been great for corporate profits.
Yes! We can have high inflation, high corporate profits, increasing interest rates, QE tapering and cake! Turns out...we can actually have it all.
Is America a great country or what?
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

Anyone else have theme music for the start of the trading day?
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