2024 is giving off major 1995 vibes so far
2024 is giving off major 1995 vibes so far.
The last time we got a soft landing was 1995. The Fed cut from 6% to 5.25% and the $S&P 500(.SPX)$ saw 77 ATH closes.
We have already seen 29 ATH closes so far in ‘24, the Fed is projected to cut in Sept, and a soft landing is now consensus.
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A few days before $SVB Financial Group(SIVBQ)$ collapsed and the Fed stepped in with a massive bailout/easing package that put in the 1st higher low.
We were headed to new lows otherwise. Things can change quickly. Adapt or die George.
I have 16x P/E for the Equal Weight and even lower if you strip out the Mag 7. The premium valuations are essentially all in Mega Cap.
https://x.com/Marlin_Capital/status/1802522988203454724
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