S&P 500

SOFI – why to enter and why to stay away

$SOFI is an interesting fintech name that over the past few years has transformed from a company focused on student loan refinancing into a full-fledged digital bank. Today it offers banking services, investing, lending and other financial products within a single app. It primarily targets millennials and Gen Z and positions itself as a...
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Does it make sense for you to invest in individual stocks and ETFs at the same time?

I sometimes think about selling the SP500 ($^GSPC) and moving the money into individual stocks. On the other hand, I consider it a safe and stable component of my portfolio, so I won't sell anything.

The S&P 500 ($^GSPC) is up -10% year-to-date, while $BRK-B stock is already up more than 14%. The current negative sentiment hasn't touched this company much, which is amazing. I'm still invested in the S&P 500, but I'm thinking of buying $BRK-B quietly at a lower price .

What's your take on $BRK-B?

Are you buying ETFs in the current downturn?

The S&P 500 ($^GSPC) is down about 5% in the last month and $^NDX is down about 8%. I'm currently overbought mostly individual stocks, but this time I also overbought the Nasdaq 100.

So after the inflation data, it looks like the S&P 500 $^GSPC is going to beat the new ATH again today (if the positive sentiment holds). Investing in some ETF replicating the S&P 500 may not be as fun as stock picking, but then again I don't have that many positions that will beat +18% YTD this year 😄.

Does it still make sense for you to buy $^GSPCtoday ?

The SP500 is up less than a year 30 % surpassing the threshold 5 000 points. I am still overbought every month, but I am overbought less and when a correction comes I will buy more again.

Quick info at the end of the first full week of December.

Stocks closed the first full week of December trading with a win today as investors viewed the monthly US jobs report positively and accepted the case that the Fed will start cutting interest rates next year. The US unemployment rate fell to 3.7% in November. Meanwhile, the economy created 199,000 jobs, up from the...
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FED vs INVESTORS

Another week ends and we also begin December 1, 2023, the last month of the year (so far growth), despite high interest rates. I took the liberty of choosing this headline because the situation looks like that to me now. On the one hand, investors who are flooding the market with optimism, and against them the Fed, which is still trying to keep the option on the...
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Continuation of the 100th Anniversary Conference of the Division of Statistical Research in Washington DC - speech by Jerome Powell

One of the most watched men in US economics was scheduled to speak at this event on Wednesday and Thursday, 8-9.11.23. I have already added the summary for Wednesday and the markets remained fairly quiet. Today I will add a summary of his speech, a...
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Powell urges Fed economists to be flexible

Jerome Powell - will give several speeches, remarks today and tomorrow at the Centennial Conference of the Division of Research and Statistics in Washington, D.C.

The job market showed us results and helped us end the week in growth. 🚀

So friends, for once, good news too. The latest employment data is back in the US and it is slowly painting the picture all investors want to see and that is that the job market is cooling and so for the Fed this may mean no more hikes.

Only 150,000 jobs were added in October, falling short of expectations...
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US GDP grew at an annual rate of 4.9% in the third quarter, better than expected.

The U.S. economy notched a remarkable achievement in the third quarter this year, with growth exceeding the expectations of many economists and analysts. Gross domestic product (GDP), a measure of all goods and services produced in the U.S., grew faster than many had expected. This development...
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Have a nice ending Sunday and a successful start to another week full of results. 🍀💰

News from Saturday, 10/14/23 that jumped out at me and again around the Fed.

As we know, the Fed is scheduled to meet on 10/31-1/11. Originally it looked pretty realistic that another interest rate hike was coming. In the end, according to Bloomberg, the Fed is going to extend the pause. So now...
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Analysts at Evercore ISI raised their target for the S&P 500 $^GSPC index to 4450 from the previous 4150. According to them, continued AI-driven momentum could push the index to 4450 by July 4.