Contrary to predictions, end of inflation, hard landing, global recession,stagflation or deflation are getting postponed. On the other hand selected commodities and stocks are hitting all time high and new all time-high. It has become a stock and commodity picker’s market.
Last edited by Valuegrowth; 07-04-2024 at 06:36 AM.
“The only bull markets that continued up from levels like this were the last 18 months in Japan until 1989, and the U.S. tech bubble of 1998 and 1999, and we know how those ended,” he remarked.“
Last edited by Valuegrowth; 07-04-2024 at 07:09 AM.
how your gold going winner
yes good jobs data. i like dayt took a small hedge on fri , volatility is picking up now so might see some big swings going forward. market 5 mths without a correction 25% up , 9 trillion added to peoples pockets some of which will flow thru to spending etc add in oil rise and geo - risks and structural changes to logistics fed should have 3% inflation target not 2% as world changing. then cuts still possible.
fed govenors more balanced in views now rather than all cuts now very much saying data dependant
even rise some say
Fed Governor Bowman says additional rate hike could be needed if inflation stays high
Prof:Jeremy Siegel still thinks opportunities outside the tech sector. I agree as It is the final stage of current long bull market. As per the following link it’s also true the stock market can fire on all cylinders but eventually it will follow the next big sell-off.
According to Jeremy Siegel, economist, and professor of finance at the WhartonSchool of the University of Pennsylvania, the uptrend in stocks is here to stay.
Last edited by Valuegrowth; 07-04-2024 at 11:06 AM.
"In Shanghai, the most-traded May copper futures rose more than 1% to a record high, while zinc and tin made multi-month peaks and aluminium traded just below Monday's two-year top.
Among Asian bourses, Taiwan stocks touched a record high, led by a more than 4% jump in shares of TSMC after the world's largest contract chipmaker won a $6.6 billion subsidy for an Arizona production plant.
The Australian dollar is up almost 2% in a week and traded at $0.6605 on Tuesday. The New Zealand dollar hit a two-week high of $0.6047 in morning trade."
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Originally Posted by winner69
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