Not sure if you mean we're about to have an 18 month run of daily 6-7% gains on the Nasdaq. But I'll take it, please. 😀
Even if there was a reversal, I wouldn't expect the extreme low rates we've seen for the past decade plus.
Have you actually looked at the CPI report that shows the data by category? I agree with the criticism of the shelter category being lagged, but there is more to the story. For example, food prices has been strongly increasing every single month this year. October food prices slowed down to "only" 0.6% month on month from September but that is still a 7.2% annualized rate and 10.9% YOY.
History doesn't lie.
Sounds way aggressive. Current expectations are for rates to top out around 5% in May.
And there is no need for rates to be that low.
T is up like 20% in the past month on a killer quarter. Tack on the dividends I picked up since buying and I’m basically back to even as opposed to the red I’m seeing on other stocks of mine.
Up 20% off of 30 year lows. Off more then 50% since it's highs way back in 2000.
Bought and sold several times within past 12 months. I’m not suggesting that T was my best investment but better than Vacasa which got shredded today. That was my spec play and I was stupid enough to follow Jimmy Booyah on that recommendation, something I usually never do.
I sold a few positions today (not much in the grand scheme). But, I’ve seen this movie before.
If Nov CPI (Dec 13 report date) comes in soft as well, we are only getting a .25 increase to wrap up the year.
Icahn probably doesn't really think that, he's likely shorting the market.
Is doesn't matter about TA or 200ma or labeling it a relief rally or not. The only thing that matters is INFLATION. If this is a trend of softening monthly CPI reports, the market will keep going up and up and up. It's really that simple.
So he shorts the market but doesn’t think that inflation is rolling over? He’s putting money where his mouth is. Why else would he short the market?
I’m not going to speak to Icahn’s mental acuity at his advanced age but he’s never been the most articulate as long as I’ve seen him interviewed. Frankly, I’d say the same about Buffett. Doesn’t mean they aren’t very smart people.
I like to speak to my mental acuity. But I often forget what I was gonna say halfway through the sentence.
The data proves you wrong. FYI, remember the difference between inflation and deflation. Saying inflation is flat/zero doesn't mean prices went back to 2020 levels. That's never gonna happen, especially with so much recent wage growth.
