I think besides the while AI prediction that I am most famous for this past year, the more interesting take is the Diet drug's effect on the real economy- a pitch I made to the HF months and months ago that is turning out to be dead on. Now Stifel joins the party: Weight loss drugs seen providing a boost to apparel stocks - Stifel
I have a bet with a HF manager that I would achieve 1,000 pages by Christmas... Finally starting to perk up-- good vol too!! Only up 50c. WATCH-->Joby Aviation, Inc. (JOBY) NYSE - NYSE Delayed Price. 6.58+0.62(+10.40%)<---------
Mr Cooper Problem- Sometimes I can get too cute- and I have been micromanaging this COOP waiting for interest rates to peak etc.. and basically watching this, graphing this since $54... I am hoping & Praying this after market price is a spoof. It's bad enough I've let this get to $63// ALLY will be the next to do this... Mr. Cooper Group Inc. (COOP) NasdaqCM - NasdaqCM Real Time Price. 62.71+2.19(+3.62%) At close: December 1 04:00PM EST 66.09+3.38(+5.39%)<----------------- After hoursec 1, 07:47PM EST
It's time for a correction in the stock market, according to Wells Fargo investment strategist Chris Harvey. Harvey said the US consumer is about to tap out and the Federal Reserve won't be cutting interest rates anytime soon. "The VIX is at 13, everyone's really happy, and it's time for either a correction or some sort of pullback as we enter the new year," Harvey said. The stock market is due for a correction as the end of the year approaches, according to Wells Fargo investment strategist Chris Harvey. Harvey told CNBC on Thursday that a near-tapped out consumer and overly optimistic projections about interest rate cuts from the Federal Reserve means now is not the time for investors to be chasing risk. Yet that's just what they have done over the past month, with the S&P 500 jumping 8.9% in November, representing its 18th biggest monthly gain since 1950. Stocks continued their gains on Friday, with the the major indexes advancing by about 0.5%. Harvey said the VIX, also known as the stock market's fear gauge,is hovering at the historically low level of 13.That's a sign that investors might be getting too complacent at a time when they should be worrying about an economic slowdown. "The VIX is at 13, everyone's really happy, and it's time for either a correction or some sort of pullback as we enter the new year," Harvey said. "We're dramatically overbought. VIX [at] 13 tells you: you know exactly the path you're going to go down, nothing's going to surprise you, and that market has a funny way of doing that." Harvey questioned how a bull market could continue its run from here given that consumers are showing signs of weakening, equity valuations are high, and the Fed could leave interest rates higher for longer well into 2024. "The consumer's close to being tapped out, [valuation] multiples are 20x, people are thinking the Fed is going to cut, but I don't think the Fed's going to cut until the second half of the year, so where is that bull market coming from?" Harvey said. Bullish investors would argue that heading into 2024,the economy could continue to avert a recession as the Fed cuts interest rates not because the economy is suffering, but because inflation has moderated. In other words, the Fed could cut interest rates because they can, not because they have to. Harvey isn't buying it. "I've never seen that. They always cut because they have to," Harvey said, adding that stock market gains are going to amount to "a whole lot of nothing" next year. Harvey recommends investors position their portfolio to be defensive heading into next year, that way they can take advantage of any potential volatility spikes and stock market declines. Harvey has a 2024 S&P 500 price target of 4,625, representing potential upside of less than 1% from current levels Ok I feel better mine is only 4,888. Van do you agree on my target?
This may be useful lets check in with the various Houses. Year End Target s&p The House Of Morgan Stanley- 4,500 The House Of Goldman Sachs- 4,700 The House Of Gummy- 4,888 The House of BAC & RBC - 5,000 The House of Deutsche- 5,100
This is pretty freaky stuff but it is possible millions of years ago we were on Mars and that planet died and thousands of years of sand blowing buried everything. It would be a trip to discover that--
I hope you guys are following our streaming recommendations: we have a new one. FARGO Season 5 or 6.-? Not sure I am a large fan of the original movie but have not caught on with the TV show. I have spot checked a few and never really got hooked. Now I have fallen in love with Season 5 or 6. It's fantastic- the actors are top notch-- the gal is from Ted Lasso and the guy is from Mad Men. The direction is fabulous and it is a moody masterpiece-- I am co watching Season 3 not as good.
I'm kind of stuck in an old fashioned place with my mistrust of tech. I have always sworn off any type of online payment or banking system for fear of someone being hacked. But this check washing is really getting out of control and all I do is write checks--