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re: Why is the stock market rallying right now?
Posted on 2/27/24 at 6:02 pm to RoyalWe
Posted on 2/27/24 at 6:02 pm to RoyalWe
quote:
America is closer to the less concentrated end than the most.
Agreed, but there's a vast difference in scope. At a recent ETF conference, Dimensional Fund Advisors mentioned that the Mag 7 stocks are now just as large as the entire stock markets of Japan, UK, Canada, France, Hong Kong/China combined (17% vs 17.5%).
The old saying about how "if the US economy sneezes the rest of the world catches a cold" comes to mind. If we are in a consumer debt bubble (like I believe we are) and it pops, that's going to be a helluva sneeze.
1
Posted on 2/27/24 at 7:35 pm to Bard
quote:
If we are in a consumer debt bubble (like I believe we are) and it pops, that's going to be a helluva sneeze.
Maybe. I’ve read a lot of your posts on here and you seem to discount debt servicing as a whole compared to previous cycles. While I appreciate CC debt is high and expensive, total debt service is near long term lows …
I realize real wages are down, but not enough to swing that to a level that is remotely approaching GFC level.
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