The S&P just had it's best May since 2003

[dorndawg]

The stock market isn't the economy etc etc, and yet this run is pretty remarkable. Bulldogs hitting retirement this year looking pretty, pretty good.

Recent S&P returns:
1 year: 25%
5 year: 84%

Stock market today: Stocks cap another winning month, S&P 500 logs best May since 2003

Investors waited for the release of the Fed's preferred inflation data, seen as a potential turning point for a market gripped by rate-cut jitters.

finance.yahoo.com

 

[pseudonym]

Only one man to thank...

 

[jethreauxdawg]

The stock market isn't the economy etc etc, and yet this run is pretty remarkable. Bulldogs hitting retirement this year looking pretty, pretty good.

Recent S&P returns:
1 year: 25%
5 year: 84%

Stock market today: Stocks cap another winning month, S&P 500 logs best May since 2003

Investors waited for the release of the Fed's preferred inflation data, seen as a potential turning point for a market gripped by rate-cut jitters.

finance.yahoo.com

What’s the ratio of S&P:$ in circulation, in 2003 and now?

 

[dorndawg]

Only one man to thank...

Why on earth would you thank any President for the total performance of the S&P?

 

[dorndawg]

What’s the ratio of S&P:$ in circulation, in 2003 and now?

Shrugs?

Not being a smartasss - why's this a noteworthy number to look at?

 

[pseudonym]

Shrugs?

Not being a smartasss - why's this a noteworthy number to look at?

 

[pseudonym]

Why on earth would you thank any President for the total performance of the S&P?

He's been in Washington since 1973, and you don't think he deserves the credit?

 

[Boom Boom]

What’s the ratio of S&P:$ in circulation, in 2003 and now?

What Is the Average Stock Market Return?

Wondering how much you'll gain by investing in stocks? It helps to look at the average stock market return for the last 10, 20, and 30 years.

www.sofi.com

 

[thatsbaseball]

Why on earth would you thank any President for the total performance of the S&P?

Your OP was intended to start this very crap.

 

[Boom Boom]

The stock market isn't the economy etc etc, and yet this run is pretty remarkable. Bulldogs hitting retirement this year looking pretty, pretty good.

Recent S&P returns:
1 year: 25%
5 year: 84%

Stock market today: Stocks cap another winning month, S&P 500 logs best May since 2003

Investors waited for the release of the Fed's preferred inflation data, seen as a potential turning point for a market gripped by rate-cut jitters.

finance.yahoo.com

Corporate tax cuts and consolidation are good for corporate profits. We've had plenty of that. The question has always been is that the best thing for America? Well, it's not been good for grocery prices, that's for sure. It's not been good for small business. We'll see if the usual suspects can make the connection. Probably not.

 

[dorndawg]

Your OP was intended to start this very crap.

I literally included the 5 year, as I find it noteworthy. The US economy truly is amazing & resilient. Are you upset or something?

 

[jethreauxdawg]

Shrugs?

Not being a smartasss - why's this a noteworthy number to look at?

I’m not trying to make any point. Curious if the S&P is up 200% over that time but the amount of dollars in circulation is up 400%, just an example. Stock market #’s don’t shine as bright if that’s the case.

 

[Perd Hapley]

I’m not trying to make any point. Curious if the S&P is up 200% over that time but the amount of dollars in circulation is up 400%, just an example. Stock market #’s don’t shine as bright if that’s the case.

But even that’s not the whole story either. Dollars in circulation is less important than inflation-adjusted real income % change over that time.

People can only invest what they don’t spend on basic or discretionary needs (housing, food, trips to Equitorial Guinea, etc.).

 

[57stratdawg]

Kind of surprising to see this bull market living through everyone resetting their interest rate expectations.

NVDA and AI are basically powering the entire rally. Which is crazy because it still looks undervalued to me.

 

[DesotoCountyDawg]

Kind of surprising to see this bull market living through everyone resetting their interest rate expectations.

NVDA and AI are basically powering the entire rally. Which is crazy because it still looks undervalued to me.

New tech bubble?

 

[johnson86-1]

The stock market isn't the economy etc etc, and yet this run is pretty remarkable. Bulldogs hitting retirement this year looking pretty, pretty good.

Recent S&P returns:
1 year: 25%
5 year: 84%

Stock market today: Stocks cap another winning month, S&P 500 logs best May since 2003

Investors waited for the release of the Fed's preferred inflation data, seen as a potential turning point for a market gripped by rate-cut jitters.

finance.yahoo.com

It’s been great inflation protection so far. Takes some of the sting out at least.

 

[Willow Grove Dawg]

Now do change in S & P vs inflation %

 

[57stratdawg]

New tech bubble?

I don’t think so. It looks way more valuable than smart phones to me.

You know how people with money just make money because they have money? Some say “capital attracts capital”. That’ll be how intelligence works in the future and they’re at the heart of it. You could make a real case their product is more valuable than money.

 

[Hot Rock]

Why on earth would you thank any President for the total performance of the S&P?

No one that actually knows anything about economics would, me thinks that’s why it was posted. To prove a point

 

[IBleedMaroonDawg]

No one that actually knows anything about economics would, me thinks that’s why it was posted. To prove a point

I'm not an expert on economics either. I just wonder how we can have one part of the stock market do so well while our cost-of-living of our basics have increased so much. I feel sorry for anybody trying to buy a house now.

I'm not taking any political stance. I'm just really worried what kind of world we leaving for the next generations.

 

[DesotoCountyDawg]

I'm not an expert on economics either. I just wonder how we can have one part of the stock market do so well while our cost-of-living of our basics have increased so much. I feel sorry for anybody trying to buy a house now.

I'm not taking any political stance. I'm just really worried what kind of world we leaving for the next generations.

People are still buying things no matter what.

 

[IBleedMaroonDawg]

View attachment 583643
People are still buying things no matter what.

Ever since the 80s we love to spend money. Do you have one of those for home loans

 

[mstateglfr]

I'm not an expert on economics either. I just wonder how we can have one part of the stock market do so well while our cost-of-living of our basics have increased so much. I feel sorry for anybody trying to buy a house now.

I'm not taking any political stance. I'm just really worried what kind of world we leaving for the next generations.

The housing issue is tough. 5 days ago, my 13yo said she is concerned about buying a house after college. Clearly someone has discussed the issue with her- teacher in class or grandparent are my guesses.
Kinda early to have it on the radar for worries, but it's probably a legitimate worry.

Sure the current interest rate is a concern, but the lack of available entry level single family housing seems like a way bigger issue when it comes to the genersl housing concern.
I understand why so few lower priced houses are built, compared to mid-expenskce houses, but it still seems like a rough to just swallow and accept.

 

[jethreauxdawg]

The housing issue is tough. 5 days ago, my 13yo said she is concerned about buying a house after college. Clearly someone has discussed the issue with her- teacher in class or grandparent are my guesses.
Kinda early to have it on the radar for worries, but it's probably a legitimate worry.

Sure the current interest rate is a concern, but the lack of available entry level single family housing seems like a way bigger issue when it comes to the genersl housing concern.
I understand why so few lower priced houses are built, compared to mid-expenskce houses, but it still seems like a rough to just swallow and accept.

Good point. I’m guessing when people with no money quit getting approval for $400,000 loans, builders will start building those smaller homes again.

 

[TrueMaroonGrind]

Ever since the 80s we love to spend money. Do you have one of those for home loans

Do cars too!

ETA: Found this on the federal reserve website. Auto loans and student loans seem to be the biggest offenders of growing non-mortgage debt. This country loves debt. From the leaders to the peasants.

 

[DesotoCountyDawg]

The housing issue is tough. 5 days ago, my 13yo said she is concerned about buying a house after college. Clearly someone has discussed the issue with her- teacher in class or grandparent are my guesses.
Kinda early to have it on the radar for worries, but it's probably a legitimate worry.

Sure the current interest rate is a concern, but the lack of available entry level single family housing seems like a way bigger issue when it comes to the genersl housing concern.
I understand why so few lower priced houses are built, compared to mid-expenskce houses, but it still seems like a rough to just swallow and accept.

Homebuyers Are Starting to Revolt Over Steep Prices Across US

(Bloomberg) -- The US housing market — long crippled by an inventory drought — is finally starting to see listings rise. But now, in many places, the buyers just aren’t showing up.Most Read from BloombergWall Street Billionaires Are Rushing to Back Trump, Verdict Be DamnedHomebuyers Are Starting...

finance.yahoo.com

Just read that this morning.

It’s really tough, especially on first time home buyers. The cost of even a starter home has risen so much it makes it hard to get the down payment and then the interest rates make it worse to pencil out.

 

[Boom Boom]

Good point. I’m guessing when people with no money quit getting approval for $400,000 loans, builders will start building those smaller homes again.

Higher loan means more interest which means more profit. It ain't changing anytime soon.

 

[stateu1]

Higher loan means more interest which means more profit. It ain't changing anytime soon.

Please elaborate. I don’t understand how the loan and interest amount affect builder profits to the good.

 

[57stratdawg]

A lot of the housing issues today, especially around starter homes, is due to demand after the Great Recession. There were millions of millennials graduating in 2008 - 2020 and moving back in with their parents. Without that demand, we really under ran building affordable housing. I’m more optimistic about it now because demand is totally flipped.

We also have a lot of housing inventory “locked up” at 2020 interest rate levels. As that loosens up it should help with the upward trend in costs.

Our commercial real estate bubble is real. Gotta think some of that dead office space gets switched over to residential needs.

 

[TrueMaroonGrind]

Please elaborate. I don’t understand how the loan and interest amount affect builder profits to the good.

Idk about builders but the banks are making a fortune off the money they are loaning.

 

[Seinfeld]

View attachment 583643
People are still buying things no matter what.

And I’m not saying that housing isn’t a problem, but I’ll worry a lot more about that when I see less F350’s hauling boats to Heber every weekend. There are a lot of people out there that chose not to prioritize a mortgage, and that’s fine, but I’m not going to worry about it if they’re not going to worry about it

 

[IBleedMaroonDawg]

Do cars too!

ETA: Found this on the federal reserve website. Auto loans and student loans seem to be the biggest offenders of growing non-mortgage debt. This country loves debt. From the leaders to the peasants.
View attachment 583657

I hope that we have a positive future for housing and other expensive buys. Car mortgage, etc..n I am just afraid it's gonna be very difficult in the future and is really uncertain as whether you should follow a technical or a scholastic future. It was much more certain when I was younger man.

 

[DesotoCountyDawg]

Idk about builders but the banks are making a fortune off the money they are loaning.

Builders aren’t. Their margins are still pretty tight but the banks are making a killing on the interest.

 

[CoastTrash]

Minimum square footage requirements are a thing.

 

[Hot Rock]

I'm not an expert on economics either. I just wonder how we can have one part of the stock market do so well while our cost-of-living of our basics have increased so much. I feel sorry for anybody trying to buy a house now.

I'm not taking any political stance. I'm just really worried what kind of world we leaving for the next generations.

You want that improved? Get rid of trickledown economic

 

[Boom Boom]

Please elaborate. I don’t understand how the loan and interest amount affect builder profits to the good.

The loan means the builder is making a sale. The builder isn't the one making increased profits, the lender is. The lender is making so much money that they don't care if a ton of them default. Remember the housing crisis? I replied to "when people start getting turned down for $400k loans". Not gonna happen.

 

[Boom Boom]

A lot of the housing issues today, especially around starter homes, is due to demand after the Great Recession. There were millions of millennials graduating in 2008 - 2020 and moving back in with their parents. Without that demand, we really under ran building affordable housing. I’m more optimistic about it now because demand is totally flipped.

We also have a lot of housing inventory “locked up” at 2020 interest rate levels. As that loosens up it should help with the upward trend in costs.

Our commercial real estate bubble is real. Gotta think some of that dead office space gets switched over to residential needs.

Agreed, except I don't see an effect on building yet. Too many got shoved out of that business and aren't coming back, while the next generation lacks the skills and capital to start it up.

 

[stateu1]

The loan means the builder is making a sale. The builder isn't the one making increased profits, the lender is. The lender is making so much money that they don't care if a ton of them default. Remember the housing crisis? I replied to "when people start getting turned down for $400k loans". Not gonna happen.

Ok well you replied to the guy talking about builder profits. Hence my confusion

 

[MSUGUY]

What’s the ratio of S&P:$ in circulation, in 2003 and now?

Wouldn’t the historical P/E ratio of sp 500 somewhat speak to what you are asking?
Currently it is 27 with a mean of 16, therefore it’s relatively highly priced.

S&P 500 PE Ratio - Multpl

S&P 500 PE Ratio chart, historic, and current data. Current S&P 500 PE Ratio is 30.29, a change of +0.27 from previous market close.

www.multpl.com

 

[Shmuley]

A lot of the housing issues today, especially around starter homes, is due to demand after the Great Recession. There were millions of millennials graduating in 2008 - 2020 and moving back in with their parents. Without that demand, we really under ran building affordable housing. I’m more optimistic about it now because demand is totally flipped.

We also have a lot of housing inventory “locked up” at 2020 interest rate levels. As that loosens up it should help with the upward trend in costs.

Our commercial real estate bubble is real. Gotta think some of that dead office space gets switched over to residential needs.

Chicago just announced a multi-billion dollar program designed to convert downtown commercial to residential.