Getting Harder To Take Sides

[tsptalk]

It's Getting Harder To Take Sides In This Market

Equities have been moving higher despite warnings of challenges later in the year, leaving underexposed investors with the tough choice of potentially buying near the top or missing out on further gains.

The Stoxx 600 just had its best weekly advance since March as lower-than-expected US inflation stoked bets of an imminent end of Federal Reserve interest-rate hikes. Bears have been wrongfooted so far this year, but many still say markets are currently pricing in too much optimism about the economy.

https://www.zerohedge.com/markets/its-getting-harder-take-sides-market

 

[Bullitt]

It will be interesting to see how those who haven't been paying school loans the past three years are going to react in a month when reality returns. All that money being spent of fun stuff will be no more.

When I hear how expensive Disney is, I can only think that something has got to give as attendance begins to slow. How much credit card debt have Disney vacationers taken on?

The average trip we see is around 5 days in length and costs around $4,800. That’s typically a family coming from out of state and staying at a Disney resort.

“For perspective, that’s over twice as much as the average American household spent on travel for an entire year in 2019, according to the U.S. Bureau of Labor Statistics,” added Testa.

Testa said his platform’s users have complained that instead of going to Disney World to see its version of Italy, you could actually go to Italy for the same amount of money.

https://finance.yahoo.com/news/attendance-down-disney-parks-know-171040928.html

Also, the EV story just isn't going according to plan. Prices are going to have to come down, a lot.

Despite the increase in adoption, manufacturers are finding that they are able to produce EVs significantly quicker than they can sell them. This has led to dealers and automakers alike sitting on a large supply of unsold electric cars. Specifically, the industry has enough EV inventory to last approximately 92 days. That's a lot—almost three times the stock from a year prior. And when placed alongside today's 54-day supply of ICE-powered vehicles, it's nearly double the current average inventory. It's also worth noting that the pre-pandemic supply of vehicles as a whole was around 70 days.

https://www.thedrive.com/news/evs-are-piling-up-on-dealer-lots-as-supply-outpaces-demand

Just two stories, but big ones that point towards lower inflation going forward.

Rates are just fine where there are. It's nice to be able to catch some risk free interest on cash and bonds. I really hope we don't go on a cutting spree again.