Let’s check out the record of all-time highs we’re at the moment experiencing:
The U.S. inventory market has by no means been greater:
The S&P 500 bottomed in March 2009 at 666. It’s now shut to six,000. The Dow has gone from roughly 6,500 to just about 44,000.
What an unimaginable run.
Gold can be at all-time highs:
It’s uncommon to see shares and the yellow metallic concurrently taking off like this.
Housing costs are at all-time highs:
The truth that that is taking place with mortgage charges at 7% is one thing else.
All of the monetary belongings are going nuts so it could make sense the U.S. financial system has by no means been greater:
Family internet price is there too at $155 trillion:
The most important shock all-time excessive to me personally is the Detroit Lions:
I by no means thought I’d see the day.
We’re taking part in higher than anybody within the NFL proper now (sorry Chiefs followers however you already know it’s true). We’ve got the perfect offense within the league. We’ve got a boatload of thrilling younger gamers. We’ve got a coach who goes balls to the wall.
My solely fear is we’re peaking too early.
We ought to be the favorites within the NFC to achieve the Tremendous Bowl.1
Go Lions!
This one is a little more subjective but it surely additionally seems like we’re at the moment at new all-time highs for hindsight bias following the election.
I’m all the time amazed at how rapidly the narrative machine adjustments after we all know the outcomes. Everybody is aware of the entire solutions when trying on the world by means of the rearview mirror.
There are loads of causes Trump received and Harris misplaced. This one from John Burn-Murdoch at The Monetary Occasions makes essentially the most sense to me:
Incumbents across the globe misplaced floor. In actual fact, it was the primary time since WWII that each incumbent celebration within the developed world misplaced vote share.
We will debate the rankings of the explanations for this shift — inflation, unpopular insurance policies, Covid hangover, and so on. — but it surely appears to be like like this was a worldwide phenomenon.
The humorous factor is nobody was making the incumbent level forward of time however now everybody realizes it is smart.
Predictions are exhausting, particularly concerning the future.2
Additional Studying:
The New Regular of Negativity
1I reserve the fitting to delete this whole part if I jinx them by scripting this.
2With credit score to Yogi Berra.
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