Shots Fired, History Made, Records Eyed
A version of the S&P hit a record, as markets' quest to recover everything lost to the pandemic continued, despite more signs of weakness in tech.
The total return index inched past its February summit Monday, and the price gauge rose a seventh straight session despite ambiguity around the future of stimulus talks in Washington and a barrage of foreboding geopolitical headlines out of Hong Kong and China.
The pro-cyclical bent evidenced in outperformance from energy and industrials to star
It’s all about back to school time. Can it happen?
No spin. Can it happen?
Yes, it can happen. But it can also come to a screeching halt 3-4 weeks later. And then restart again. And then stop again. All on a location-by-location basis, of course. Quite predictable. But everyone seems hell bent on “moving past this interruption”. As if it were as simple as cleaning up and rebuilding after a hurricane. Oh well.
The system models don’t care about the stimulus or the virus. No human judgment involved.
None any of this bodes well.
Wow. Can’t wait until we are reading H posts about the increase in velocity of M2.
I yearn for 1.2 to 2.3% YoY real growth. The good ole days. (…sigh)
Richest, most powerful, wealthyiest country ever and here we are. A mediocre ending will be good news.
Yeah and they slide faster than they glide
Hardly any chatter about whether we may have provided “excess” stimulus relative to our economic needs this early in the recession. Lots of cars, trucks, RVs, boats, etc. being purchased lately. Did we lose our sense of proportionality? Did we have a sense of proportionality when we did this, given our “more is always better” approach to stimulus.