Animal Spirits: Buying a House at the Top of the Market

Posted July 10, 2024 by sean

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On today’s show, we discuss:

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I knew market cap weighted was crushing equal weighted. I knew tech was crushing ex-tech. I did not know that equal weighted tech was underperforming the equal weighted market, 2.1% vs 2.5%. Crazy times. pic.twitter.com/sUI5t8Uy8j

So far, the S&P 500 has proven it can handle higher rates ... a year ago, the 10y Treasury yield was 3.85% and the S&P 500 was at 4,455; today, the 10y is up to 4.44% and the S&P 500 is at 5,475 pic.twitter.com/Z2ctRN9prZ

Alas, looks like the US economy is cooling quicker than most analysts think.

The Bloomberg US Economic Surprise Index has dropped to a 9-year low. pic.twitter.com/bnVdCfKfGj

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