Let’s check out the listing of all-time highs we’re at the moment experiencing:
The U.S. inventory market has by no means been greater:
The S&P 500 bottomed in March 2009 at 666. It’s now shut to six,000. The Dow has gone from roughly 6,500 to just about 44,000.
What an unbelievable run.
Gold can also be at all-time highs:
It’s uncommon to see shares and the yellow steel concurrently taking off like this.
Housing costs are at all-time highs:
The truth that that is occurring with mortgage charges at 7% is one thing else.
All of the monetary property are going nuts so it could make sense the U.S. economic system has by no means been greater:
Family web price is there too at $155 trillion:
The largest shock all-time excessive to me personally is the Detroit Lions:
I by no means thought I’d see the day.
We’re enjoying higher than anybody within the NFL proper now (sorry Chiefs followers however you realize it’s true). We’ve the very best offense within the league. We’ve a boatload of thrilling younger gamers. We’ve a coach who goes balls to the wall.
My solely fear is we’re peaking too early.
We ought to be the favorites within the NFC to achieve the Tremendous Bowl.1
Go Lions!
This one is a little more subjective nevertheless it additionally appears like we’re at the moment at new all-time highs for hindsight bias following the election.
I’m at all times amazed at how rapidly the narrative machine modifications after we all know the outcomes. Everybody is aware of all the solutions when wanting on the world via the rearview mirror.
There are quite a lot of causes Trump received and Harris misplaced. This one from John Burn-Murdoch at The Monetary Instances makes probably the most sense to me:
Incumbents across the globe misplaced floor. In actual fact, it was the primary time since WWII that each incumbent social gathering within the developed world misplaced vote share.
We are able to debate the rankings of the explanations for this shift — inflation, unpopular insurance policies, Covid hangover, and many others. — nevertheless it appears to be like like this was a world phenomenon.
The humorous factor is nobody was making the incumbent level forward of time however now everybody realizes it is sensible.
Predictions are laborious, particularly in regards to the future.2
Additional Studying:
The New Regular of Negativity
1I reserve the suitable to delete this complete part if I jinx them by scripting this.
2With credit score to Yogi Berra.
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