Dow 40K - Wow

[EatenByLimestone]

I think the bigger worry is how close each of the indexes is. If Microsoft craters, they all nosedive! It’s all to intertwined!

S&P

1 Apple Inc. AAPL 6.87%
2 Microsoft Corp MSFT 6.69%
3 Nvidia Corp NVDA 5.77%
4 Amazon.com Inc AMZN 3.39%
5 Meta Platforms, Inc. Class A META 2.50%
6 Alphabet Inc. Class A GOOGL 2.13%
7 Alphabet Inc. Class C GOOG 1.79%
8 Berkshire Hathaway Class B BRK.B 1.75%
9 Eli Lilly & Co. LLY 1.51%
10 Broadcom Inc. AVGO 1.42%

Nasdaq 100

1 Apple Inc AAPL 9.14%
2 Microsoft Corp MSFT 8.33%
3 NVIDIA Corp NVDA 7.11%
4 Meta Platforms Inc META 4.98%
5 Broadcom Inc AVGO 4.90%
6 Amazon.com Inc AMZN 4.80%
7 Costco Wholesale Corp COST 2.70%
8 Tesla Inc TSLA 2.67%
9 Alphabet Inc GOOGL 2.65%
10 Alphabet Inc GOOG 2.56%

Dow

1 Unitedhealth Group Inc UNH 9.42653
2 Goldman Sachs Group Inc GS 8.086898
3 Microsoft Corp MSFT 6.703817
4 Home Depot Inc HD 5.79902
5 Caterpillar Inc CAT 5.596253
6 Amgen Inc AMGN 5.405305
7 Mcdonald S Corp MCD 4.514659
8 Visa Inc Class A Shares V 4.316886
9 Salesforce Inc CRM 4.147247
10 American Express Co AXP 3.887877
11 Apple Inc AAPL 3.551097

 

[begreen]

It's disturbing to see how little there is of American manufacturing in those groups.

 

[ABMax24]

Not much different for Canada, we have banks energy and railways instead of big tech.

It's actually scary how dependent we are on the Financial sector, it's just over 30% of the TSX, Energy comes in second at 17%.

TSX Top 10​

Royal Bank of Canada
Toronto-Dominion Bank
Enbridge Inc
Canadian Pacific Kansas City Limited
Canadian Natural Resources Limited
Shopify Inc.
Brookfield Corporation
Canadian National Railways
Constellation Software Inc.
Bank of Montreal

 

[EbS-P]

It's disturbing to see how little there is of American manufacturing in those groups.

They were a drag on the indices. I’m not sure how representative they are anymore but we sure like talking about their movements

 

[begreen]

The DOW continues to push into record territory. Now closing the week at 42,313.

 

[ABMax24]

The Shanghai Composite gained almost 11% on the week too.

 

[bogieb]

Even my dog picks are nearly out of negative percentages

 

[EbS-P]

My amateur economic barometer stays the everything seems stable. Longshoremen’s strike could really have impacts if it’s a long term thing. Agricultural producers will feel pressure from international markets. That’s not new. No bright spots there. I’m trying to weight how the market reacts to the election. I’m not convinced we will see any big movements. Houses, cars and phone seem to be selling well (maybe not Stelantis).

 

[bigealta]

Elections historically have had very little significance on the markets. Non issue really. Other things like interest rates are much more important.

 

[bigealta]

If only there would be catalyst to drive up my weed stocks!

Been taking a bath on them for a few years now. Way to much supply, that and we gave fortunes to ex cons and underground weed growers to grow on industrial scales. They have no corporate experience so WTF were we thinking giving the guys so much cash to invest. They were like kids in the candy store buying everything under the sun for their grows. So stupid in hind sight. I still have stocks in 10-15 of these clowns. Mostly, almost all are close to worthless.

Well got to learn by your, or someone else's mistakes.

 

[EbS-P]

If only there would be catalyst to drive up my weed stocks!

Been taking a bath on them for a few years now. Way to much supply, that and we gave fortunes to ex cons and underground weed growers to grow on industrial scales. They have no corporate experience so WTF were we thinking giving the guys so much cash to invest. They were like kids in the candy store buying everything under the sun for their grows. So stupid in hind sight. I still have stocks in 10-15 of these clowns. Mostly, almost all are close to worthless.

Well got to learn by your, or someone else's mistakes.

Federal legalization would in theory increase demand and possibly stock prices. Not going to change bad business decisions. I’d be for it. But the reality is the regulations would massive.

 

[bigealta]

Federal legalization would in theory increase demand and possibly stock prices. Not going to change bad business decisions. I’d be for it. But the reality is the regulations would massive.

Most states are legal now. The oversupply both legal and illegal is probably the biggest problem. Consolidation is needed, but even with that there is just way too much weed floating around.

And with the hefty taxes on the dispensaries, the competition from the street market is too onerous to make decent (if any) profits.

 

[EbS-P]

Most states are legal now. The oversupply both legal and illegal is probably the biggest problem. Consolidation is needed, but even with that there is just way too much weed floating around.

And with the hefty taxes on the dispensaries, the competition from the street market is too onerous to make decent (if any) profits.

And the Chinese! Several big busts in Maine linked to Chinese organized crime.

 

[begreen]

My amateur economic barometer stays the everything seems stable. Longshoremen’s strike could really have impacts if it’s a long term thing. Agricultural producers will feel pressure from international markets. That’s not new. No bright spots there. I’m trying to weight how the market reacts to the election. I’m not convinced we will see any big movements. Houses, cars and phone seem to be selling well (maybe not Stelantis).

Fortunately, stability is good, in spite of strikes, hurricanes, politics, etc. I have read a few economists recently saying the economy currently is a about as good as it gets.

Let us pause to appreciate the remarkable U.S. economy

It really doesn't get much better than this, folks.

substack.com

 

[EbS-P]

Fortunately, stability is good, in spite of strikes, hurricanes, politics, etc. I have read a few economists recently saying the economy currently is a about as good as it gets.

Let us pause to appreciate the remarkable U.S. economy

It really doesn't get much better than this, folks.

substack.com

If we could just squash all the complete nonsense that get passed off as valid thinking (I’m not even going to call them facts) there would be really strong consensus and certainty would create a positive feedback loop.

But then again the panic buying of toilet papers started again because the east coast ports were shut down. Not even stopping to ask the question to we import toilet paper. We don’t that I’m aware of.

 

[begreen]

Correct. Toilet paper is domestically manufactured.

 

[EbS-P]

Correct. Toilet paper is domestically manufactured.

Same people could apply the same logic for a modern version of a “run on a bank”. I doubt there is enough in checking/savings accounts to matter much but one rumor about one big bank or the system get traction…. I’m more worried about this than many other conspiracy theories

 

[ABMax24]

The US economy is well positioned right now, and effectively firing on all cylinders. IMO any risk to the US Stock Markets or Economy will come from factors outside the US.

Canada isn't doing so hot, on a per capita basis our GDP has been shrinking since 2022. The housing market makes up nearly 40% of our GDP, although we're not building enough homes to house ourselves. And individual debt sits at 176% of annual disposable income. In the short term, there's not a lot of prospects for any of these issues to be rectified.

China has it's own issues, but part of me thinks this may benefit the US economy as much as it could hinder it.

I think the election will change what sectors advance, and which decline, energy being one, but will have minimal effect on large indexes like the Dow or S&P as a whole.

 

[Highbeam]

I have read a few economists recently saying the economy currently is a about as good as it gets.

Let us pause to appreciate the remarkable U.S. economy

It really doesn't get much better than this, folks.

substack.com

It's pretty great. The market (I know not the economy) is up over 30% over the last 12 months. I'll take that any time.

Correct. Toilet paper is domestically manufactured.

It doesn't matter where it's made. If scared people buy it all then there is none for me and that makes a real problem. We have plenty because we're good squirrels but our costco was sold completely out. I made a special trip to the store just to be impressed by the empty shelves. It was an educational moment, the enemy is us.

The US economy is well positioned right now, and effectively firing on all cylinders. IMO any risk to the US Stock Markets or Economy will come from factors outside the US.

Lets hope for a few more years of this!

 

[begreen]

It doesn't matter where it's made. If scared people buy it all then there is none for me and that makes a real problem. We have plenty because we're good squirrels but our costco was sold completely out.

Oy vey! The strike was on the east coast and out here people are hoarding TP? It sounds like people have put their brains to rest and dumped social media in the void.

 

[stoveliker]

On the other hand, late night comedians had a field day with this...

I laughed, which is healthy 🤣

 

[ABMax24]

Blew past 43,500 already today.

 

[EbS-P]

Blew past 43,500 already today.

There will some profit taking soon I imagine. And by soon I mean in 8-10 weeks. Import tariffs will not help the markets I think.

 

[Woody Stover]

They're loving the idea of all regulations removed. 😏

 

[EbS-P]

They're loving the idea of all regulations removed. 😏

And Tax cuts and deficit spending