There isn’t a whole lot of good news these days so I will take this one.
Inflation is the silent income tax. No forms to be filed, no checks to be written, no exemptions, no deductions, no refunds. An invisible hand removes your income and your wealth.
Billionaires pushing it up is all.
Peasants not so much...
Money has no place else to go, except for CD’s and T-Bills. That helps keep the market from imploding.
I know economy
Let me tell you this is fake news
Although the nasdaq and Dow jones are close to all time high , my portfolio is still -8.5% down from all time high from 2 years ago
I’m a heavy dividends guy and yet I am still -8.5% down
I hope in the next 2 years to be above my all time high once they start cutting rates.
Inflation and prices have skyrocketed and there is no way these prices are coming back down
Yes, the stock market has ups and downs. But over time it is far better than parking it in low yielding Treasury Bonds or Municipal Bond. The inflation rate is well over 15%, may be closer to 20%.
Result, shrinking economy and higher Fed Res interest rates. They are having a very hard time selling to the public.
Gold is not the solution, but there must be some discipline in monetary policy. What we have done for a very long time, no longer works. Why? Insane Fed Gov policy. And many criminal scalpers inside the Fed Gov.
Yes, the stock market is at record highs and so is the National Debt!!!!!!
The stock Market has always been the place to go when trying to beat inflation. Mathematically, if the dollar gets cut in half, the price of a share of IBM doubles and so does the price of bread. So big money keeps buying into the market when big money thinks there is more inflation coming. Of course when you have to sell your IBM to buy the bread it all comes unglued.
Typically inflation moves stock prices up, Excessive, rapid and long term inflation can ruin the economy. The big money will leave the stock market causing a crash.
The only direct reason a stock price goes up or down is if there are more buyers or sellers of the stock.
I went to KFC last night. It cost me $3 more.
The reason The Stock Market is up is Trump is ahead in the polls and looks like Trump will win in November.
On Jan. 4 2022 the S&P 500 set a new price record of US$4818.62. The record high ‘closing’ price back then was on Jan. 3 2022 of US$4796.56.
On Oct. 13 2022 the S&P 500 traded thru US$3500 to a low of US$3491.58. The lowest “Bidenomics” close was on Oct. 12 2022 of US$3577.03.
The high/low total range was US$1327.04, that’s more than a 27.5% drop.
On Jan. 11 2024 the S&P 500 finally traded briefly at 4798.50. That was over TWO YEARS trading below the old record close.
It was not until Jan. 19 2024 with a close of US$4839.81 that the old record was broken. All on Low Joe’s watch.
Well done Bidenomics!!! The new record is 0.89% higher.
We are ‘numerically’ back to where we were two years ago minus inflation. The recently publicly educated may think that is progress.
The AMD stock I own has since Jan 2nd gone from $138.58 close as of friday to $174.23 with after hours up $1.76
UP almost $36 in 14 days of trading. 😁🤑💰
From friday close on Jan 12 of $146.56 close to $174.23 on Jan 19 friday.
AMD will have their quarterly results in about 9 days.
The stock will go up even more.
AMD went from Jan 3, 2023 at $64.02 to Dec 29, 2023 close at 147.41
I hope it does what Nvidia did last year that went from about $109 to $450
It is now at $594.91, which is up over $100 in 14 days of trading.
From $481.68 to $594.91
Both make chips for graphic cards and AMD also make cpu chips.