Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Jensen’s Juggernaut
Two sessions, two new all-time highs.
In the first two frames of a split week, US equities notched their 30th and 31st records of 2024. If you're a bear... well, thoughts and prayers.
Amusingly, that's the average top-down equity strategist on Wall Street: A bear. At least if you classify anyone whose S&P target's below current spot a bear. Headed into this week, the mean year-end forecast was SPX 5275. The benchmark closed more than 200 points better than that ahead of Wednesday's US holi
It is insane. Luckily, I am on the right side of such insanity.
I am always prepared, however, for an unexpected and dramatic reversal- therefore, I keep my fixed costs under control. I will try to lock into gains at some point- but I put my chances of hitting the ATH to monetize such gains at less than 5%.
Sold at 131 two days ago after 40% gain in just over four weeks. Option expiry will be interesting. I’m hoping to buy back lower (go figure!) in July. Who knows? It may go down or up for ever!
I’m trying to convince a loved one who has made $3 Million off a $5K investment, who has only $200K of other assets, that they’ve lived the dream and it’s time to sell- all would be fine, but at least some. They’d have financial security the rest of their life if they sold it all and paid the taxes. If they wanted to lessen the taxes a little, they could sell a third and write deep in the money LEAPS for ‘25 and ‘26 with the rest and still have tons of security…. They are single with no kids. But they keep saying “I think it’s going to go up” and I don’t try and say they’re wrong, because that’s more likely than not- I just try to say financial security for life is the main goal and you e reached it- so live this dream and don’t look back!