Mortgage rates have been rising for nearly two years, and last week they hit their highest level in almost 23 years.


 

Comments

Post a Comment

Popular posts from this blog

Many so-called "experts" are saying AI stocks are in "the biggest bubble of all time."

Image
Many so-called "experts" are saying AI stocks are in   "the biggest bubble of all time." But based on history – we're not even close! For example, consider Cisco (CSCO) – one of the biggest winners from the Dot-Com era. From 1990 until 1997, Cisco shot up more than 11,000%... A massive gain. Surely it couldn't go higher from there... right? Well, look what happened next... In the next two years, that stock soared ANOTHER 10 times higher! From start to finish, that's a gain of over 100,000%. Now, here's what that looks like compared to NVIDIA (NVDA) today... If NVIDIA heads up another 10x in the next two years... then maybe we can start using "bubble" language.
Read more

2023 and q3 performance

Image
  Of the other precious metals, platinum was up 2.9% while palladium fell 3.2%.   Oil was the big winner, along with the commodity ETF. Gold YTD: Steady as She Goes To the surprise of some investors, gold is up 3.2% year-to-date. You’ll notice that both gold and the US dollar are up on the year. This shows a rising dollar is not always negative for gold and that at times they can both rise together.
Read more

election year stock market returns

Image
  Democrat-winning years actually tend to drag the returns down. Including 2020, the average return during Team Donkey years is 8.4%. When Team Elephant takes it, returns jump to 15.2%. With this in mind, we can potentially, kinda-sorta predict who the next president will be based solely on S&P 500 performance. Say the S&P jumps 10% before election day next year. That’d be a pretty good signal that Republicans are set for victory. Investor confidence would be speaking loudly in their favor. If we put in a number something shy of that, say 6%, we might want to start banking on an incumbent win.
Read more