I can definitely hear a bit of the Beatlesque orchestration and arranging in some of ELO's hits.
As for the Jeff Bech tribute, the guy who always seems to impress me is Derek Trucks, and this is no exception. I don't know much about him, but his partner Sue Tedeschi is pretty good, too.
Here's another one from that tribute that shows a bit of their respective talents.
I don't know what 'medium term' is, but stocks up around 36% from this tweet.
KKGB Kitty @INArteCarloDoss I hate to break it to everyone but this is the worst ERP in 22 years… you are guaranteed to lose money in equities over a medium term horizon. Risks are much higher than in any other point in the last 22 years with QT, high real rates, margin squeeze, inventory unwind, risk of fiscal retrenchment, etc… But you are not compensated for these risks
6:21 AM · Sep 27, 2023 · 665.2K Views
This post was edited 5 minutes after it was posted.
well we got 11% in 10 weeks from small caps, so directionally correct.
Seth Golden @SethCL Fundstrat's Tom Lee: Current small-cap rally has room to run🏃, ranks only 21st of top 25 since 1979. And that is with EPS turning higher. Could expect ~40%+ gain over coming 10 weeks.
Lynne worked with George Harrison very closely in the late 1980s.[20] This friendship eventually led to Harrison's appearance at the Birmingham Heartbeat Charity Concert, showing up as the finale of the concert and joining many other musicians in a rendition of "Johnny B. Goode", as well as a one-off Electric Light Orchestra concert, both in 1986.[21] In 1987, he appeared with Harrison at Prince's Trust in Wembley Arena.[22]
I’m surprised Lynne and Harrison’s collaboration in The Traveling Wilburys wasn’t mentioned. That was arguably the greatest “super group” of all time.
Special Situations 🌐 Research Newsletter (Jay) @SpecialSitsNews $JPM Jamie Dimon warning about 7% rates...would completely collapse private debt capital markets
Buying at times of maximum fear sure worked this time.
SPX up 36% over the past year.
and I don't even particularly remember what the fear was a year ago. Recession fear I suppose.
Barchart @Barchart BlackRock's Larry Fink sees more fear in the market than at any time in his entire professional career which began in the early 1970s 👀
60/40 is up a huge 26% since this tweet a year ago. 60/40 is hashtag notdead. But on the other hand, gold is up 41% over the same period so he got the general direction right.
Otavio (Tavi) Costa @TaviCosta The golden era of 60/40s is likely coming to an end. The restructuring process of traditional investment strategies will take time to manifest itself. Some investors, due to institutional mandates, still find themselves obligated to maintain these allocations. This shift is likely to favor other market segments that have historically been underallocated for an extended period. Hard assets are likely one of the main beneficiaries of this new macro regime. 9:32 AM · Sep 30, 2023 246.8K Views
Now that June trading is over, here's a chart showing the high close for the year by month since 1920. The fact that the year high has only occurred once in June, and it was the election year 1948, I find intriguing.
Well September ended with yearly and all time closing highs. And just like the previous months downside volatility increases. Will the market rally or are the headwinds; election, Middle East, Helene, dock strike too strong. Keep tuned.
While everyone was watching The Mag 7, guess what sector (SPDR) leads the Y-T-D derby, XLU up 30.5% total return. Bet no one had MFer Utilities on their Bingo card.
Bet no one had MFer Utilities on their Bingo card.
Can’t remember whether I’d shared my sector breakdown analysis several months back but I’ve been expecting Utilities to rebound at some point after many years lagging the broader index.
Well, it was just a rhetorical question, but now that you mentioned it I do recall your post. I've been overweight utilities for years due to a low-vol; value style of investing. We had fun in St John's, went to all the places you recommended. In keeping with my earlier comparison with Austin and St John's, my wife took a picture of me next to Terry Fox's statue to go with my picture of me and Stevie Ray Vaughn's statue in Austin. Loved The Quidi Vidi (we know how to pronounce it correctly) Brewery, the Dayboil Session IPA was my fav. Surprised by the Irish presence here, saw a number of places with my last name or a variation of it!
Utilities have been a laggard sector for a long time. Over the past 30 years, utilities and communications have been the worst performing sectors in the S&P 500. Utilities stocks only make up 2-3% of the index, so they don't tend to move the needle. The tech sector, on the other hand, has carried the index, being (by far) the biggest weight and also (by far) the best performing over the past 30 years. This year the index is up slightly less than the tech sector.
Top three sectors this year have been utilities (by far), industrials and tech. Worst three have been energy, health care and consumer staples.
If I were a betting man, which I'm not, and if I were investing in US stocks, which I'm currently not, given the tendency for things to revert to the mean, I'd be aiming to be overweight the recent laggards and underweight the recent winners, all else being equal.
... and in particular I'd have a fairly strong belief that utilities are due to come back to earth in the next few months to couple of years, and would be avoiding that sector at all costs.
Now that June trading is over, here's a chart showing the high close for the year by month since 1920. The fact that the year high has only occurred once in June, and it was the election year 1948, I find intriguing.
Well September ended with yearly and all time closing highs. And just like the previous months downside volatility increases. Will the market rally or are the headwinds; election, Middle East, Helene, dock strike too strong. Keep tuned.
While everyone was watching The Mag 7, guess what sector (SPDR) leads the Y-T-D derby, XLU up 30.5% total return. Bet no one had MFer Utilities on their Bingo card.
Yeah
perfect positive storm for utility stocks
solid economic growth
falling interest rates
AI demand for electricity still looking huge
Electric vehicle market is still growing, if slower than in the past
The other amazing story is china. massive short squeeze going on. Right up a wall. From utter doom to euphoria.
This post was edited 2 minutes after it was posted.
Another rule of thumb tossed out the window in the post-pandemic period
No recession.
Toss an asterisk on the entire period 2020-2024
jeroen blokland @jsblokland A 'golden rule' in #monetarypolicy says that when US real #yields rise above 2%, economic activity is severely impacted, and the odds of a #recession increase accordingly. As of Friday: 5-year US real yield: 2.38% 10-year US real yield 2.20% 20-year US real yield 2.27% 30-year US real yield 2.33%
“Over the past few years, the United States has become financially involved in two major international conflicts: the war between Russia and Ukraine and the numerous conflicts in the Middle East. The amount of financial support to Ukraine is estimated to be $278 billion, with the United States accounting for $175 billion of the total sum. This leads to the question – which entities financially benefit from this expenditure? Since February 23, 2024 – the day before Russia invaded Ukraine – the iShares U.S. Aerospace & Defense ETF (ITA-US) has seen a price increase of 46%. Similarly, GE Aerospace (GE-US) has grown by 112.12% since October 7th, outpacing the Dow Jones Industrial Average (DJII) by 85.42% across this period. These data points reveal the startling reality that, for some, war provides financial benefit.
By tracking a few of these major defense contractors – GE Aerospace (GE-US), Lockheed Martin (LMT-US), Northrop Grumman (NOC-US), and L3Harris (LHX-US) – we can visualize who has been able to capitalize on these conflicts. Companies involved in geopolitical conflicts may experience rapid growth highlighting the financial dynamics at play. Israel’s growing involvement in Lebanon and Iran has also had an immediate impact on prices – Lockheed Martin has outperformed the Dow Jones by nearly 5x over the last month (FactSet) – and investor speculation regarding a wider conflict in the Middle East has increased.
With no end in sight, the question becomes: which companies will capitalize on the increased need for weapons and technology, and how may their stock prices reflect their involvement? Stock market movements should be closely monitored as Middle Eastern tensions increase, Russia boosts its defense budget, and money continues to flow into these two conflicts.”
—Fact Set
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Jim Cramer @jimcramer Finally without layoffs and more fear from small businesses that are STILL expanding and STILL hiring, the fed has to stay tough and the 30 year must go to 5.75-6% not all at once but it is ineluctable... And stocks, which are viciously oversold like in March can snap back violently 5:38 AM · Oct 4, 2023 · 332.8K Views
This guy was laughing at the idea NVDA could go higher. And implying GS was makign a serious error in judgment or ethics.
He sold at around $45 and it's now at $123, after hitting a high of $145.
Whoopsie.
Post See new posts Conversation Keith McCullough @KeithMcCullough LOL +3.5% $NVDA(NVIDIA): Upgraded to conviction buy from buy at Goldman Sachs = #ExitLiquidity 3:25 PM · Oct 2, 2023 · 43.7K Views