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Started By
Message
Last week was huge in a lot of ways
Posted on 12/16/23 at 6:09 pm
Posted on 12/16/23 at 6:09 pm
quote:
Huuuuuuge Week…
I’ve been working in finance for 15 years and this was one of the craziest I have EVER seen!
Let’s recap!
- S&P rallies +2.7% now only 1.6% away from RECORD high!
- DOW & NASDAQ 100 hit all-time highs
- FED holds rates unchanged – expects 3 rate cuts in 2024
- FED member John William goes on CNBC and says “premature” to be thinking about March rate cut
- Volatility hits a 4-year LOW
- Retail investors are buying the most stocks since March 2022
- Jim Cramer says the recession is NOT coming
- Apple hits new record high
- China’s central bank injects record monthly amount into financial system
- Germany, France and India stock markets hit all-time highs
- U.S CPI 3.1% YoY in Nov, in-line with expectations
- Goldman Sachs expects FED to start cutting rates in March (expects 2 back-to-back rate cuts of 25bps)
- Alibaba hits a 52-week low
- Pfizer hits a ten year low
- SEC holds meeting with BlackRock to discuss its Spot Bitcoin ETF
- JPMorgan says Ethereum will outperform Bitcoin in 2024
- 30-year mortgage rates now below 7%
- U.S retail sales increase +0.3% in Nov vs -0.1% expected
- An all-time high of Americans spend +50% of their income on rent
- Restaurant prices are up 24% since January 2020
- Former President Trump says the US will have "one of the greatest economic years the nation has ever recorded" if elected in 2024
- Bill introduced in the Senate that would force big investors to sell off all the single-family homes they own over 10 years
- US consumers are spending at record levels, and economists are mystified, struggling to forecast an end point
- Holiday spending expected to reach record levels this year, totalling +$966 billion
LINK
2
Posted on 12/16/23 at 8:54 pm to saintforlife1
quote:Oh shite. We are screwed.
Jim Cramer says the recession is NOT coming
Posted on 12/16/23 at 10:30 pm to RoyalWe
Requisite
Posted on 12/17/23 at 1:49 pm to saintforlife1
quote:
US consumers are spending at record levels
quote:
An all-time high of Americans spend +50% of their income on rent
quote:
FED holds rates unchanged – expects 3 rate cuts in 2024
Some of these things just don’t make sense and seem so contradictory when next to each other.
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