Animal Spirits: Tech Shares Are Again

Posted Could 24, 2023 by sean

As we speak’s Animal Spirits is delivered to you by YCharts:

See right here to register for YCharts webinar discussing the situations instrument with an enormous emphasis on the way it helps streamline the monetary planning course of for advisors with RWM COO Nick Maggiulli on Could twenty fourth at 12:30pm Jap

On right this moment’s present, we focus on:

Austin:

RWM is coming to Austin, TX June Twelfth-14th‼️

@Downtown with extra particulars⬇️E-mail us at [email protected] topic line “Austin” to order a gathering slot! pic.twitter.com/9iSdG4HFf3

— Ritholtz Wealth (@RitholtzWealth) Could 19, 2023

Tropical Bros Shirts:

• See right here for Animal Spirits x Tropical Bros shirts and right here for more information on No Child Hungry

Hear Right here:

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Charts:

Tweets:

The place all the cash has gone this yr –Goldman pic.twitter.com/0UWa97EUPt

— Gunjan Banerji (@GunjanJS) Could 19, 2023

Japan’s Nikkei 225 broke out to a brand new multi-decade excessive this week, hitting its highest degree since 1990. It is nonetheless 20% under its highs from 1989: pic.twitter.com/5seJY5PMpT

— Bespoke (@bespokeinvest) Could 19, 2023

⚠️BREAKING:

*GERMANY’S DAX INDEX RISES TO NEW ALL-TIME HIGHhttps://t.co/ZZFmT0bSgG$DAX 🇩🇪🇩🇪 pic.twitter.com/vJNFN5ykyI

— Investing.com (@Investingcom) Could 19, 2023

EURO STOXX VOLATILITY INDEX SLIDES TO LOWEST LEVEL SINCE FEBRUARY 2020, LAST DOWN 0.6 POINTS AT 15.1017

— *Walter Bloomberg (@DeItaone) Could 19, 2023

I do know the “only some shares driving returns” narrative sounds scary however in response to Empirical Analysis, there actually is not a lot to learn into ahead returns when trailing efficiency has been concentrated within the high of the market. pic.twitter.com/vqbmcYYitB

— Tony Welch, CFA, CFP®, CMT (@tonywelch17) Could 19, 2023

Investing motto I am utilizing for the 2020’s decade:

(1) Worldwide over Home
(2) Worth over Development
(3) Small over Massive

Charts under are P/E & CAPE (absolute, normalized to avg, relative) for INTL DM (EAFE) Small-Mid Cap Worth and US Massive Cap w/ Worth eliminated. Very low-cost! pic.twitter.com/OM3OPxr9w8

— Jesse Livermore (@Jesse_Livermore) Could 19, 2023

The S&P 500 has been 10% or extra under its file excessive for simply over a yr — the eighth longest streak within the historical past of the S&P.

Sure, this bear has sucked.

However should you’re a long-term investor, this has been a once-in-a-decade probability to purchase at constantly low costs

— Callie Cox (@callieabost) Could 18, 2023

Core PCE didn’t attain 2% till 1996.

Volcker claimed victory over inflation when it was considerably above 2%.

The two% goal was first adopted by the central banks of Australia and Canada within the late 1980’s. pic.twitter.com/LfMpon0OD0

— James E. Thorne (@DrJStrategy) Could 21, 2023

Discuss a story of two housing markets.

Most of Connecticut sits at an all-time excessive (i.e. the blue ZIP codes under), whereas California stays nicely under the 2022 peak. pic.twitter.com/PBm124YdST

— Lance Lambert (@NewsLambert) Could 22, 2023

Mentions of “recession” in earnings calls be fallin’. Now not in vogue. pic.twitter.com/Pybh404LZb

— Conor Mac (@InvestmentTalkk) Could 19, 2023

Most likely not a coincidence that the variety of corporations mentioning “inflation” on earnings calls has fallen to the bottom since Q2 2021. https://t.co/3Yv0MPDwup

— Carl Quintanilla (@carlquintanilla) Could 19, 2023

$NFLX co-CEO Greg Peter: “Since early this yr, our adverts member base has greater than doubled. On common, greater than 1 / 4 of our signups now select the adverts plan in international locations the place it is out there. 70% of our ad-supported members are between the ages of 18 & 49” https://t.co/qmpf0xDP1V

— The Transcript (@TheTranscript_) Could 20, 2023

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