Bull market…whooo hooo!!!
I am sure it will all be fine…
Dreamer
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Financial fragility? That’s only for the financially fragile, no? Let them eat cake!
So, the Fed says that this cohort is 2.6% higher than the 7-year average? 1/3 of the people could not pay cash for a new set of tires? How many Portillo’s for four is that?
NASDAQ not quite through the July double top. I’m watching it. Short week, probably a bit lower volume. I have been adding small amounts, but STILL 64% cash. Two more days like Monday would probably cause me to reduce to 33% cash. A failure to break through… back to 80%?
I bought silver, JEPQ, PGY, GLBE, PSTG, and QQQ Monday. I figured QQQ was easier buy than adding to each of the Mag 7. ONDS up another 24% Monday on no news that I could find, although an insider bought up about half a percent of the market cap on Friday.
KC
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Of that list… PGY is the most interesting to me. In the short term concerns with recession and regional pressure. In 3+ year outlooks seems like significantly undervalued. Im sure there is a bear case for it somewhere.
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A short squeeze in December might help the stock prize even more.
I can tell you firsthand that enterprises are capping budgets, pushing projects, and generally folks aren’t meeting their sales goals.
I am sure it will all be fine though. We just had a record Cyber Monday after all! (not like those folks bought all that stuff on BNPL credit or anything…right???)
https://twitter.com/Geo_papic/status/1729782215888802176
Dreamer
Actually they did! And AFRM is now basically up about 3.5X this year, from under $10 to almost $35 recently.
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hope you locked in those profits…
just sayin.
Dreamer
I am currently trimming (multiple positions, actually) as the portfolio is back up near the Aug highs of this year. But I can’t really call the AFRM trims “profits” as I had bought those shares at higher prices on the way down.
Still nice to have a holding over triple from it’s lows, even if still underwater.
Just trying to get enough cash to get a new truck and cover a home remodel sometime over the next year.
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I forget who was trying to argue workers are doing just fine…
The workers disagree:
- Inflation is eroding workers’ gains. Three in 5 workers (60 percent) say their incomes haven’t kept pace with inflation over the past 12 months, up from 55 percent last year. For those who did receive a pay bump of some form, more than half (53 percent) said their incomes haven’t kept pace with inflation, up slightly from 50 percent last year.
Dreamer
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But it is ok…so what if most people dont realize that inflation is the rate of increase and not an up and down number?
I am sure they are fine and with market up YTD, 401ks are bound to be flush!
Oh…
But mag 7 profit margins are great!!! AI is changing the world! Ozempic will make everyone skinny and healthy!!!
Dreamer