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re: Morgan Stanley credits ‘Bidenomics’ in lifting its U.S. economic-growth outlook.
Posted on 7/23/23 at 7:03 pm to TDTOM
Posted on 7/23/23 at 7:03 pm to TDTOM
quote:
Also, the markets are not booming. A few companies are doing well and carrying the market.
This is how a market-cap weighted index fund works.
A few companies do well and bring up returns.
Even the Russell 3000 index is up 13% this year.
DJIA is up 10% as well which is an equal-weighted index.
The S&P500 index is up 14%.
The equal-weighted S&P500 index is up 10%.
Small cap indexes have also performed well and the US economic outlook is pretty good (the sell-side research we have also shows that).
quote:
Lastly, no one that has been in the business long talks like you do. Best case scenario you are a junior analyst on a team. Most likely, you are an errand boy that they allow to run term quotes on Friday so you feel good about yourself going into the weekend, and show back up on Monday.
Dude, you work at a wealth manager somewhere in Lousiana most likely.
You have no idea how the 'business' talks when you work at a wealth manager as opposed to a long-only asset management firm.
The market is absolutely doing well.
This post was edited on 7/23/23 at 7:05 pm
Posted on 7/23/23 at 7:29 pm to CAPEX
quote:
The market is absolutely doing well.
Yeah. That’s what inflation does.
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