Once again Markets all time highs .
S&P 500 at highs, AND THERE ARE
NO S&P STOCKS at
LOWS.
Thats unheard of.
The Fed is on "hold" on interest rate increases.
The next interest rate move is expected to be down, which bodes well for Mortgage rates, and the Stock Market.
Inflation is holding 3%ish.
Unemployment hasn't been this low since 1969 I believe.
Savings accounts are
now paying interest, haven't seen that in a decade+.
5 yr Bond is over 4%ish .
New home sales skyrocketing.
Walmart sales are record highs.Visa sales are at max, and late Visa payments have stopped lagging.
The consumer is spending big-time.
3 1/2 yrs ago the nation was locked down dealing with Covid.
The government sheltered, fed, clothed everyone, paid medical and funeral costs, - businesses were closed, sickness, disease everywhere.
Since then the Fed went Nuts and raised interest rates in a manner never experienced before., our worst nightmare, but necessary as low rates had screwed everything.
Our economy is
NOW the
best in, - and the envy of the world.
We have the best economy in the world .
Stupid NVDA broke thru $800 a coupla weeks ago, now is thru $900.
The "magnificent" 7 stocks seems to have been reduced to 5, as Tesla and Apple seem to be lagging. - the great news is all stocks are rising.
The trickle down effect is in reverse, min wage went up, now every one else in the chain gets a raise, from truck drivers to street sweepers, consumer prices go up, retail gouging , finally us.
I took positions in ANET, UBER, and PLTR.
The Army just took interest in Palantir, it is an Artificial Intelligence system to remotely control weapons systems on land, like Aegis defence system on ships.
All with a "stop loss" which made me some $$$ when I got stopped outta Boeing and Tesla.
Due Diligence
The chart shows where the Fed started raising rates 2022.
Yet we survived.