Ignore the FED, Media & SPX Haters..
Stay focused…
My colleague sent me links forecasting lower markets, which I found amusing. Here is a rough frequency of articles about stock market corrections or crashes over the past 8 years (2016-2023):
Article Frequency by Year:
• 2016: 50 articles
• 2017: 45 articles
• 2018: 70 articles
• 2019: 60 articles
• 2020: 120 articles
• 2021: 80 articles
• 2022: 90 articles
• 2023: 75 articles
At most, there may be more centralization?
With less banks..
But this has little to do with the market.
Where are all these guys who ignore the positive drift?
Perhaps they just don’t like the S&P 500 because of the Magnificent Seven?
They also don’t like the Nasdaq, MSCI, Dow and Russell?
S&P 500:
The Magnificent Seven account for approximately 28-31% of the S&P 500 index.
Nasdaq:
The Magnificent Seven stocks represent around half of the weighting of the Nasdaq index.
MSCI ACWI (All Country World Index):
In 2023, the Magnificent Seven contributed 39.8%.
Dow:
2 of the Magnificent Seven make up 11%.
Ignore them all.
Inversion Investor has been around since before COVID and has always been on the money.
What’s the probability of that?
There will be very little Powell can say to change the course of the market today. The market wants to make all-time highs today, maybe aiming +12 points from the open or, at the very least, close higher than by the time you get this email with an 84% probability.