Independent Investment Management and Financial Planning
Gold has been making a quiet run these last four years while yesterday it crossed $1,800 per ounce for the first time since September 2011.
Gold’s cycle low was a little above $1,000 in December of 2015 so it’s gained almost 80% over the last 4 1/2 years!
This is now my third Tesla update commentary. Below is a chart showing the price of Tesla for the year along with dates of the previous two commentaries.
Tesla has set another milestone by becoming the MOST VALUABLE AUTOMAKER IN THE WORLD! As I write this sentence, Tesla is trading at about $1,300 per share, which equates to over a $240 billion market cap! Continue reading “Tesla Update #3 – Most Valuable Automaker in the World?!”
The S&P 500 just logged one of its worst quarters in history and one of its best quarters in history back-to-back in the first half of 2020.
Specifically, the S&P 500 lost 20% in Q1 while making about 20% in Q2. The only other times in history this has happened were both during the Great Depression (Q3 or 1932 and Q2 of 1938) (Source: @Sentimentrader).
I’ve written about the potential for huge price swings in both directions previously.
This puts the S&P 500 down a little over 3% on the year while the global stock market is down over 7%. Meanwhile, gold and bonds are up on the year.
The S&P 500 is now more concentrated than ever before with the largest five companies now accounting for over 21% of the entire S&P 500 (by market cap)! Those top five stocks are Microsoft, Apple, Amazon, Alphabet and Facebook.
The concentration recently surpassed the previous record from the year 2000, which amounted to approximately 19%. In 2000, the five largest stocks were Microsoft, GE, Cisco, Intel and Walmart.
Continue reading “The S&P 500 is More Concentrated Than Ever”
I just wanted to take a moment to provide some important economic metrics given the truly unique environment the nation finds itself in right now.
I will provide an overview of: