| Mean: | 16.96 | |
| Median: | 15.88 | |
| Min: | 4.78 | (Dec 1920) |
| Max: | 44.19 | (Dec 1999) |
The blindfolded monkeys are largely in index funds these days. They’re done monkeying around…I'll always remember the monkey lol
FYI - S&P 500 P/E is back to the 30-year average of 16'ish. S&P 400 (mid-caps) and S&P 600 (small-caps) are at a sustained 20 year low of 12.5'ish.
insiderpaper.com
Large cap P/Es are back to normal with a few sectors way undervalued. Mid and Small caps are at 20 year lows. Sounds cheap to me!
Taiwan is a separate country and should have been formally recognized by the UN as such decades ago. The UN has allowed this bluster and Chinese aggressions to proceed unchecked. time to buck upTSMC issues warning:
"In a rare interview with CNN that aired Monday, TSMC chairman Mark Liu warned “nobody can control TSMC by force”.
“If you take a military force or invasion, you will render TSMC factory not operable,” he said.
“These are such sophisticated manufacturing facilities. It depends on the real-time connection with the outside world, with Europe, with Japan, with the US.”
The Taiwanese firm dominates more than half of the global semiconductor market, with clients including Apple and Sony.
“From materials to chemicals and spare parts, to engineering software diagnosis, and it’s everyone’s effort to make this factory operable,” Liu said."
Taiwan chip giant head warns war would devastate global supply
The head of Taiwanese tech giant TSMC warned an invasion of the island would render his factory "not operable" as tensions rise ahead of a potential visit
Most of the better experts expect trouble over Taiwan but many also expect a blockade rather than an invasion. October and April would be best months for that (calmer seas).
If people need electronics it might be wise to not put it off too long
+1PYPL solid earnings report after hours. It's been holding that range (70-85) I mentioned awhile back and after this earnings report I'd think we've seen the bottom for it. Some resistance in the mid high 90s and after that I'd say 120s. 15B buy back authorization too along with a hedge fund stake news I posted the other day.
Not in SOFI but that's had a nice pop after hours on earnings as well.
PayPal jumps as Elliott Management says it has a $2 billion holding in the financial services company
PayPal stock has been cut in half in 2022, but it's getting a vote of confidence from hedge fund Elliott Management, which is also a big Pinterest investor.www.cnbc.com
I’m interpreting this as a summer bear market rally that will fade and possibly retest lows in early Fall. But I think we are inching closer to putting recession fears to rest.
Remember one thing, bears always lose at the end of the day. Markets go up. I don't know if this will happen now or later, but by the time bears realize that a rally is actually the rally, they already missed out (just like many did in March/April 2020). Be careful.
www.scmp.com
www.zerohedge.com
Long hold that you wuss! $15 coming soon:
By the way, seeing a bunch of new meme stocks getting the short squeeze. Mostly small international companies.
QS? That "company" is still around? Any product yet? Maybe you get lucky with another short squeeze!
I agree with Goldman and Bernstein that bear market rally fades into the Fall:
www.bloomberg.com
Are you saying bonds outperform equities in the long term?
+1
Be careful, bears always end up being wrong.Following the rally in the second half of last month, as of July 29, the broad U.S. equity market is trading at an 11% discount to our fair value.
I agree with Goldman and Bernstein that bear market rally fades into the Fall:
Goldman, Bernstein Strategists Say Stocks Rally Can Fizzle Out
The recent brisk rebound in equity markets won’t last as macroeconomic data continue to deteriorate and earnings forecasts are being slashed, strategists at Goldman Sachs Group Inc. and Sanford C. Bernstein warn.
When the Manchin/Schumer deal was announced, I was given reassurances by our lobbyist that the carried interest tax loophole closure would not be included in the final bill. Krysten Sinema got played by Schumer and Manchin. They knew that she would object to the closure of the loophole and was therefore put in the bill as a point of negotiation. Closure of the loophole only generates ~$14 billion and could be easily replaced as it was in the deal between Sinema and Schumer. I have been doing this for a long time but still get amazed every time I see politicians negotiate and play games within their own party.
When you say she got played, what other outcome were they trying to avoid by playing her with carried interest?
They ensured passage of the bill by setting her up to reject the closure of the carried interest loophole. The closure of the loophole was never intended to be in the final bill. It was placed there by Manchin/Schumer knowing they could negotiate that and get her approval without needing to redo the entire the deal.
The Senate parliamentarian may nuke of few large sections of the bill (as Sinema hinted). She may be playing them. Carried interest is out, minimum corporate tax is shrinking as well.
Next CPI report drops on August 10. That will determine if the rally continues or retreats.
From my understanding, Senate Parliamentarian's decisions are not binding and the Democrats don't have to go along with all their recommendations. My hunch is that the bill will largely pass as agreed.
The jobs report tomorrow will play a large role as well in determining the next interest hike.
Overriding the parliamentarian only can be done via a floor vote. Manchin and Sinema are hard no's on this (especially Manchin since the parliamentarian rules were created by former WV Senator Robert Bryd, his idol and a legend in WV).
