NYSE

[Money]

Далио е the one and only

Браво на Далио! Гледах филма и го препоръчвам

[SoHo]

ED и другите фенове, новото филмче на Рей Далио:

https://youtu.be/dKz095P7LdU

Браво на Далио! Гледах филма и го препоръчвам

[Money]

Flat as a pancake, дет се вика...

The U.S. Yield Curve Is the Flattest Since August 2007

https://www.bloomberg.com/news/artic...ong-bonds-soar

[the architect]

бутйййййййййй бутай нагоре сатаняяяяяяяяяяр еверйски за чутората

хяхяхяхяхяхяхяхяяяяяяяяяяяяяяяяяяяяяяяяяя

[the architect]

аз съм последователен сатанярчета късо за дясно рамо

[Money]

Моля, спрете да спамите.

X_Y, не се колебайте да триете спама в NYSE

[X_Y]

Моля, спрете да спамите.

[the architect]

ПРЕДИ БОМБАТА КЪСО ОТ СИНЯТА ЕВРЕЙКИ ОТ ЕВРОВИЗИЯ ХАХАХАХАХАХАХАХАХАХАХАХ

[the architect]

КЪСО ОТ БОМБАТА ЗА ЧУТОРА И ПОСЛЕ СИ ЗНАЕТЕ КАКВО ЩЕ ВИ СЕ СЛУЧИ

[the architect]

БУТАЙЙЙЙЙ НАДОЛУ ЗЕХТИНА САТАНЯЯЯЯЯРКИ ЕВЕРЙСКИ КАЗААААААААААААХХХХХХХ

ХОХОХОХОХОХОХОХО

[Money]

ED и другите фенове, новото филмче на Рей Далио:

https://youtu.be/dKz095P7LdU

[the architect]

еврейки ииииииииииии иииииииииииииииииии иииииииииииииии

честно ви казвам

много бъркате със зехтина . не го напъвайте много че много ще загубите от играта на борсички

най много до казиното 71,77777777777777 мисля че загубите ви ще се по малко

мухахахааааааааааааааааааааааааааааааааааа

[Money]

Argentina and Turkey are very vulnerable because their balance sheets are very exposed to the US dollar. Any sign that global liquidity is tightening is a problem. The bottom line, to quote Warren Buffett, is that when the tide flows back you can see who is swimming naked. The tide is pulling back and it’s revealing the countries with problems that were overlooked when liquidity was abundant.

[Money]

While real yields rose to start the year, largely reflecting the effects of expansionary fiscal policy in the US, they are generally in the range they’ve been in for the past five years. Thus, even though nominal yields have risen, there has not yet been a sufficiently meaningful tightening of financial conditions resulting from higher rates to believe a US recession or a major drawdown in equity markets is imminent. Exhibit 5 shows how recent major bear markets in equities tend to require a convergence between real GDP and real yields. Higher oil prices are not likely to drive the former much lower nor the latter much higher. In short, while we do see further potential downside to bonds from higher oil prices via higher breakevens, we do not see it as a meaningful threat to global equities.

[Money]

Not to throw cold water on the story, but there’s a contrarian story to tell when earnings growth joins the > 20% club. In keeping with the “better or worse tends to matter more than good or bad” message I give to investors consistently, the stock market has a keen ability to sniff out inflection points in advance. Yes, 20%-plus earnings growth is good news in an absolute sense, but it also likely represents a rate fairly close to the ultimate peak growth rate — beyond which the growth rate will inevitably slow.

Investors should not be extrapolating the boost to earnings from tax (and regulatory) reform too far into the future; while questioning whether the boost is already reflected in stock prices.

As you can see in the table below, stocks have actually had fairly weak (albeit positive) returns historically when S&P earnings growth has exceeded 20%. Notice as well that the best zone for earnings growth has actually been when earnings are declining by double-digits (reflecting the market’s tendency to discount what’s going to happen, not just react to what’s already happened).


The table to which she refers shows that subsequent annualised stock market gains were only 2.6 per cent after quarters in which earnings growth exceeded 20 per cent; the average gain was 25 per cent following a decline in earnings of between 10 and 25 per cent, ramming home that investors might indeed be quite sensible to ask themselves at this point if the end of the cycle is at hand.