Ten Greatest Surprises For Investors In 1H23

Locator: 45070INV.

... and my favorite ... #1 -- no recession.

The top ten from Markets Insider:

• the recession that wasn't -- #1 surprise; the rest don't matter
• the irrepressible ebullience of the stock market (area under the curve)
• collapsing banks (flight of deposits for various reasons)
• higher rates for longer -- or should we say, "back to historic norm"?
  
• the inflation pullback -- this really is quite remarkable -- we're gonna come back to this one
• a resilient housing market
• rebounding earnings
• the AI boom
• travel is back
• bulls beat bears

My favorite: at the end of the day, it was all about the pandemic (don't take that out of context); finally others are stating the obvious:

All that fuss: used cars? Are you kidding me? Link here.Wow, I pointed this out from the very beginning. Story was missed by East Coast journalists and bureaucrats .... because ... those.folks.don't.drive.used.cars.

NYC journalists walk, cab, uber, subway, but they don't drive themselves.

DC bureaucrats: chauffeured in brand new black ICE SUVs.

Take used cars out of the equation and we're doing just fine.

Link here.