US stocks fell across the board on Tuesday, with the Dow logging its biggest losing streak in 46 years.
Stock market today: Dow logs longest losing streak since 1978 as stocks slide ahead of Fed decision

Rates
 

Big IF, rates move at all, they will only move .25 percent. The lending market probably won’t even move at all. The last cut actually resulted in higher lending rates. I don’t see the market doing much but pricing in.

The DOW has health care related stocks which haven't done well since Brian Thompson' s murder. The more diversified S&P is holding up and the Nas is still near an all-time high.

Hmmm, the SPYV, the value sector of the SP500, using 430 of the SP500 stocks,
hasn't been doing well for the last 2 weeks plus. . . .

The more diversified SP500 is not really diversified, it is more capitalization weighted, and the year end performance race is on in the mega cap stocks, diversified might imply more equal weights of different assets, right now, the SP500 is not really diversified, which becomes an increasing risk issue.

Also note, that the SPYV value etf has done a Servpro move, erasing the rally as if it never really happened. . SP500 hovering just below the highs. .

The problem is that the interest rate inflation risk is growing with the continually increasing government spending. TLT, the etf holding 20 year US Treasury bonds, has lost over 10 % from the beginning of September, high after the Fed interest rate cuts. . . and last week was really bad after good economic news. .

so what are the bond vigilantes starting to get stirred up about?

Agree. It just seems that the markets have become very skewed toward tech and a few big corporations like Walmart and JP Morgan. But S&P management has been making several changes recently to try and make it more representative of the overall market. This year it replaced several stocks with NVIDIA, Amazon and Sherwin Williams.

Hyperbolic, click-baiting headlines with words like ‘streak’ and ‘historic’ are endlessly generated to fill the gaping maw of the 24/7 market news.

2024 has been inundated with proclamations of such horrors as “Mortgage rates reach HISTORIC highs!!” ….

Huh?

Where were you in ‘82?

I am less and less tuned into basically meaningless news. These waters are so uncharted that there is no point in trying to guess where we are headed.

Boomer

BUT

S&P:
Three Months Up ~5%
Six Months Up +12%
YTD Up ~16%
One Year Up ~17%
Five Year Up +53%

Depends what "you" look at.

I understand your criticism. I didn't elaborate since everyone one knows that the overall markets are near record highs.

Growing up the Dow Jones was the primary benchmark but it has long since lost its role as a barometer of stock markets. Today it is a poor reflection of the health of the overall market especially since it is price weighted. But is does show that the rising tide hasn't lifted all boats.

Thank you for your feedback.

These Are the 5 Worst-Performing Stocks in the Dow Jones Industrial Average With 2024 Almost Over | The Motley Fool

Yes. Sometimes I wish for the days when all investors could do was maybe squint at the print once a day in the newspaper and watch a crawl across the bottom of the local television news that showed only local stocks.

Then came cable and me. I would flip on Bloomberg when I got home and revel in the wonders of my dot.com days. Fortunately, even though I was young and dumb then, at least I was not dumb enough to bet the whole farm — just the butter and egg money……..I got burned, but I learned. Made me into a boring investor with a few rules:

1. Know Myself
2. Know What I Own and Why
3. Maintain a Moat of Cash

Btw, you are absolutely right. That rising tide has definitely not lifted all boats. My personal “Tide” has been doing fine but is taking a bit of a hit the past few days. I have watched that stock bubble around within 5 dollar ranges for years. It’s doing it right now. Been testing its recent bottom again. I don’t worry about it. Price goes up. Price goes down. But gives me a raise every May. (Told you I am boring. :))

Thanks for that Motley Fool article. Interesting but not surprising. I think I would still let those 5 Dogs of the Dow lie. (Motley Fool keeps it short and simple and is basically kind of entertaining. Not panic inducing or mind-numbingly esoteric or bogged down in useless formulas. Quick reads I like.)

Boomer

Above #s changed big time 3-4 hours later. Blame was due to Fed saying there will be 2 changes in the Fed Rate for next year. Bet that will not hold up

Today was emotional.

:ho:

I'm looking at subtracting inflation from those numbers. Inflation since 2019 (5 yr) +23.4%.

[QUOTE=dewilson58;2394794]Today was emotional

Sad part is this emotional sell off took 2-3 hours.

:shrug:

Local cemeteries must be full of wealthy residents from TV.
Heirs and beneficiaries doing very nicely thank you.
Spend, spend, spend, or they will!