
Originally Posted by
4matic
For sure a downward spiral fiscally. Deficits don't matter..
But. It's good for companies with people having more to spend. The decline in bond prices will also cause re-allocation to equity. The charts of SPX are still very bullish with a tight range right at two year highs (get in or get left behind). 1300 SPX is reasonable on this move up. Typical pattern most years has been a rally into the first quarter and then a significant decline. Very rotational market now with year end rebalancing and such.
I bought bonds yesterday since the ten year got into long term support around 3.5% (blended fund with 5 year duration). I expect a test of 3% yield at some point next year. I'm 60/30/10 stocks bonds cash.
Damn 4matic, that sounds straight out of the mouths of the talking permanent bulls at cnbc. I don't think I could disagree with you more. But that is what keeps things interesting. Good luck on those bond purchases.
Never in U.S. history has the public chosen leadership this malevolent. The moral clarity of their decision is crystalline, particularly knowing how Trump will regard his slim margin as a “mandate” to do his worst. We’ve learned something about America that we didn’t know, or perhaps didn’t believe, and it’ll forever color our individual judgments of who and what we are.
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