Jun

18

• Stocks are back to their old timey habits of setting a new all-time high on 30% of the days in 2021 versus 23% of all days since 2001. The masters 100 companies know on which side of the bread there's butter and they embrace.
 
• The normally quasi-useful, quasi-academic Jason Zweig writes disparagingly of "investors" who buy a stock "purely because it's gone up a lot". But that must be tested.  The last good study I've seen on that is 20 years old. I believe it's a better-than-darts strategy.
 
• The 30-year bonds have gone up 5% since the beginning of may. The Fed has been vigorous in enforcing proper pronouns and gender speech to their numerous employees and research grantees but seems to be heart felt on helping the infrastructure along.
 

Vic's twitter feed


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