S&P 500 closes at record high for first time in two years

CNN ^ | 4:18 PM EST, Fri January 19, 2024 | Krystal Hur and Nicole Goodkind, CNN

[Mr. Blond]

Blackrock said there will be a rate cut in June, so...there will be a rate cut in June.

[Sir_Humphrey]

My 401-k says thank you.

Mine does as well. Unfortunately the scare mongerers around these parts will be upset.

[joesbucks]

There’s always been a decent contingent of scare mongers here. Over time they’ve all but taken over the asylum.

[wild74]

That means that the stock market hasn’t done squat for two years

[Fury]

Get back to me in a year. If your portfolio gained 15% over the last year, which would be beating most indices, you didn’t even keep up with inflation. An over valued market is a mirage.

Eh. That’s a broad brush statement. Inflation is highly localized to an area and really to an individual. An example, if you don’t purchase a car, but car prices have increased 15%, that increase has affected you - not at all.

[Right Brother]

Wow, your naivete in macro/micro economics is breathtaking.

[Fury]

We’ll agree to disagree re: inflation rate and its effects. No worries - we did it politely.

[Lazamataz]

How does this [S&P 500 at record highs] happen when the economy sucks?

Pretty simple to understand, even for a Democrat TDS-bastard like you.

When dollars are worth much less, the stock market appears to be valued by more dollars.