Greetings to all!
Back in USA now, back in markets. Missed all but 5% of the recent rise, I had money deployed elsewhere. One bright spot was HON, which I bought at the bottom because I know something about their operations...regardless of the smoke the CEO was blowimg yesterday on the TV, they are cheap—which IMO is a good idea in this environment.
Yes they do buybacks but who doesn’t. Also they are not really a leader, but a supporter—kind of like a diverse industrial utility...a safer zone with less capex ratio. Worrisome to see the CEO making the rounds, I might sell it soon.
Did a large broad-spectrum S&P buy 2 weeks ago, tech-heavy with lots of AMZN, very little NFLX...also some financials. Trade evolution, no more rate increases and maybe decreases, and an end to QT and likely new QE will float this shxt, same as before. Buybacks are still legal and inflate EPS. You think prices are high now? They are always high.
Been around, and I continue to ask: if not the US equity markets, then where do you park money without actually having to set up a business? I have parked a bunch in europe in certain things, but as I said before, everybody is all-in in the US market.
Nice to hear the tone of this board changing a bit. Fundamentals, meh. Confidence and power are what matter. I will ride this market out until the big events have passed, then will re-evaluate, maybe making some tweaks along the way. I think my overseas stuff will do well in the future, but in the short term I would have done better to have BTFD at its bottom—or to have bought more HON than I did.
In other news, I had my first real track workout in years on Saturday. It was great!!!! Of course paid for it Sunday and Monday, but no injury or tweaks. Now I can start building speed, the fun part. It’s a new day, with some insane early-season performances on the track, and market indexes edging predictably higher. Going to be a great summer, good luck to all!