,
3 tweets,
2 min read
Read on Twitter
"After the S&P 500's nearly 19% gain this year, the benchmark index is now trading near its fair value relative to interest rates, profitability as well as price-to-book valuations" Goldman. google.com/amp/s/www.cnbc… The tooth fairy has been making the same price-to-book argument.
When I read something like this:
"Traders are fully pricing a quarter-point cut at the July 30-31 Federal Open Market Committee meeting."
I imagine the meeting where this is decided by the "traders" (under a buttonwood tree?) and wonder why "investors" aren't invited?
"Traders are fully pricing a quarter-point cut at the July 30-31 Federal Open Market Committee meeting."
I imagine the meeting where this is decided by the "traders" (under a buttonwood tree?) and wonder why "investors" aren't invited?
Many macro predictions that attempt to time changes in the stock market are eventually right exactly once in a row. bloomberg.com/news/articles/… Focusing on when to buy is vastly easier than guessing about when to sell, especially if your focus is on a specific actual business.
