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.
Check out our t-shirts, coffee mugs, and other swag here.
Subscribe here:
Nothing in this blog constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Any opinions expressed herein do not constitute or imply endorsement, sponsorship, or recommendation by Ritholtz Wealth Management or its employees.
The Compound, Inc., an affiliate of Ritholtz Wealth Management, received compensation from the sponsor of this advertisement. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investing in speculative securities involves the risk of loss. Nothing on this website should be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product.
