Net worth is at all-time highs Stock prices are at all-time highs Housing prices are at all-time highs Economic activity is at all-time highs Air travel is at all-time highs You can earn 5% on your cash
I know ppl don’t like good news but this is the roaring 20s (w/o the vibes)
Yesterday saw a new high in new highs. As shown in the chart, yesterday our reading on stocks making new 52-week highs in the S&P 500 broke out above the prior high from late last year. pic.twitter.com/0t8XHRBUoC
52wk highs on SPX hit 23% yesterday, the highest in 3-years. Rarely do we see internal highs peak with prices, they usually lead $SPX. pic.twitter.com/gSv4BFyqCW
— RenMac: Renaissance Macro Research (@RenMacLLC) March 22, 2024
Even with inflation adjustment, Americans are just spending way more on food than we did pre-pandemic — either eating more, buying more expensive stuff, or relying more on restaurants & delivery. pic.twitter.com/ehOqnoIpXB
Available inventory of homes on the market is growing and will continue to grow until we’re finally in an environment of falling interest rates. The market could peak at 40% inventory growth over last year.
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(@mikesimonsen) March 11, 2024
