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The S&P 500 hit an all-time high for the 3rd day in a row today. Here’s a stat for you:
Historically, the S&P has been within 5% of an all-time high on 44% of all trading days versus the 40% of the time it has been 10% or more below an all-time high.
Check out the chart: pic.twitter.com/gbuA4jGcWS
— Bespoke (@bespokeinvest) January 23, 2024
Are you ready for this? Money invested when the market is at all time highs has outperformed money invested on any given day. pic.twitter.com/dwMcVrDkfG
— Peter Mallouk (@PeterMallouk) January 23, 2024
Will the Fed really cut rates with stocks near ATHs?
I found 20 times (since 1980) they cut rates when the S&P 500 was within 2% of ATHs.
Higher a year later? 20 times. Whoa. pic.twitter.com/9iXp3ymeL3
— Ryan Detrick, CMT (@RyanDetrick) January 27, 2024
I know this can’t last but right now we have:
5% nominal wage growth
6% nominal GDP growth
and 3% inflation
And the Fed is going to cut interest rates w/stocks at all-time highs pic.twitter.com/zRj23LFYcJ
— Ben Carlson (@awealthofcs) January 25, 2024
Data would like a word. Or better yet, a picture. https://t.co/sIXO2Ve7KK pic.twitter.com/HuZkJZw4FW
— Arin Dube (@arindube) January 26, 2024
Core PCE inflation annual rates:
1 month: 2.1%
3 months: 1.5%
6 months: 1.9%
12 months: 2.9%All looking reasonably good. pic.twitter.com/ID6zkV1Nfn
— Jason Furman (@jasonfurman) January 26, 2024
REDFIN: “Homebuyers on a $3,000 Monthly Budget Have Gained $40,000 in Purchasing Power Since Mortgage Rates Peaked Last Fall”@Redfin https://t.co/HUkezQGU4j pic.twitter.com/XaYh5Tn38u
— Carl Quintanilla (@carlquintanilla) January 29, 2024
REDFIN: “Homebuyers on a $3,000 Monthly Budget Have Gained $40,000 in Purchasing Power Since Mortgage Rates Peaked Last Fall”@Redfin https://t.co/HUkezQGU4j pic.twitter.com/XaYh5Tn38u
— Carl Quintanilla (@carlquintanilla) January 29, 2024
$NFLX, who’s reporting its Q4 tomorrow, is apparently the clear streaming leader when it comes to TV show content quality.
Visualizing the number of TV shows available on each major video streaming platform in the United States as of January 2024, ranked by IMDb quality rating: pic.twitter.com/Xr6ND8N6Kl
— Quartr (@Quartr_App) January 22, 2024
Longtime collaborators Ben Affleck and Matt Damon are teaming up once again. Affleck will direct Damon in the kidnapping thriller, Animals, for Netflix. pic.twitter.com/IawZdPbpEa
— Netflix (@netflix) January 25, 2024
Peacock: Way ahead on subscribers and revenue, but waaaaaaay behind on profit. These points are connected, but cume losses now 5x what was originally pitched to investors in 2020, and 2023 operating profit ($2.7B), versus ($2.5B) in 2022 pic.twitter.com/w8zSuKi01t
— Matthew Ball (@ballmatthew) January 25, 2024
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