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This rally keeps climbing the walls of worry. It would be interesting to see of the rally collapses before the walls-of-worry.
So, here are the 5 major indexes since 2022 - you may note a start date in mid-2021 but that is only for the relevant data points to clear the StockCharts legends area on the upper-left.
Just to add to that - Precious metals turned up sharply today as the dollar dropped. Lower U.S. interest rates going forward could cause the dollar to slump over time. Silver gained around 4.5% today. Gold was more subdued, but had a decent day. GDX (gold miners index) was up over 5%. Biggest day in months.
I know those who vacated equities 12-18 months ago have been happy sitting on cash / short term debt at rates north of 5%. Who wouldn’t be? But one wonders if / when they may buy back into the equities they vacated at much higher prices? Getting the timing right is always tough.
I’m as surprised as anyone at the strength of today’s equity markets.
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I know those who vacated equities 12-18 months ago have been happy sitting on cash / short term debt at rates north of 5%. Who wouldn’t be? But one wonders if / when they may buy back into the equities they vacated at much higher prices? Getting the timing right is always tough.
I’m as surprised as anyone at the strength of today’s equity markets.