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Sunday, March 3, 2024

Everything Everywhere All At Once -- We've Gone From "Goldilocks" To "Gilded Age" -- March 3, 2024

Locator: 46667US.

Updates:

Later, 7:53 p.m. CT: this is pretty funny. Shortly after posting the original post below, maybe an hour ago, this popped up, The WSJ:

Exuberance is back in markets. A frenzy over artificial-intelligence technology has stoked a monster run in Nvidia shares. Major stocks indexes are clinching repeated records. And even bitcoin is threatening to set a new high.

In times like these, financial advisers caution clients not to let a fear of missing out drive their decision-making. They encourage them to diversify their holdings and stick with dollar-cost averaging—investing a fixed amount of money at regular intervals—because attempts to predict a market top or bottom rarely pay off. 

Jordan Buchanan, a 35-year-old Navy officer stationed in Virginia Beach, Va., opted not to renew his certificate of deposit when it matured in January, even though he could have gotten a 5% yield. Instead, he plopped $10,000 into

Nvidia
,
Super Micro Computer
,
Amazon.com
and
Microsoft
, among other stocks.

His portfolio is up 17% this year, outpacing the tech-heavy Nasdaq Composite’s 8.4% advance.

I know the shoe shine man is advising his clients to get out of cash. I have no plans to read the rest of The WSJ article. I'm going to the movies.

Original Post



EV implosion.

Bitcoin.

Ozempic.

Nvidia.

US equity markets hitting all-time records. Sometimes all-time records go back as many as two years.

The "trillion-dollar club" gets bigger. 

MMFs. 5%.

Apple Card pays 4.5% and guarantees $1 million. The FDIC max: $250,000.

PCE.

New phrase: "no rush to cut." No cuts in 2024?

US shale. WTI at $80. OXY can cover dividend at $40.

US infrastructure. CAT at record highs.

Presidential election.

AI.

Metonyms: Wall Street, Nvidia, Bakken, Ozempic.

Gaza.

Ukraine.

Sweden. NATO.

Asymmetric warfare on steroids: Red Sea; Ukraine.

Rule changes: IRA-RMDs, 529s.

DEI, ESG out. Returns in.

Private companies --> to the moon. 

Jobs everywhere.

Southern surge. 

Dune: Part 2

**************************
The Gilded Age

*****************************
"No Rush To Cut"

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