Another Splendid Day in the Market!

[Captain Creeper]

Tech is on a bull tear right now. I had yet another day of 2+ percent gains (2.06% for today's session). It only looks to get more bullish the rest of the week. The trade tensions with China appear to be calming based upon statements from the administration. Trump will hopefully announce a trade truce on Thursday when he meets with Xi. The Fed is most like going to cut another quarter point off interest rates on Wednesday. There are tons of earnings announcements this week which are expected to be big, including announcements from 5 of the mag-7.

There's lots of money to be made this week!

 

[1srelluc]

It was steady in the 200+ range all day till the end a shot up to 325. Maybe it was the 30K cut in middle management jobs Amazon is planning to start tomorrow.

 

[ElmerMudd]

Tech is on a bull tear right now. I had yet another day of 2+ percent gains (2.06% for today's session). It only looks to get more bullish the rest of the week. The trade tensions with China appear to be calming based upon statements from the administration. Trump will hopefully announce a trade truce on Thursday when he meets with Xi. The Fed is most like going to cut another quarter point off interest rates on Wednesday. There are tons of earnings announcements this week which are expected to be big, including announcements from 5 of the mag-7.

There's lots of money to be made this week!

The market soared under Biden. (see below) But the cost of living skyrocketed. The people living pay check to pay check did not enjoy the benefits of the market increases. The same thing is happening under Trump. Those living pay check to pay check are not participating in market growth.

The rich get rich and the poor get poorer.

Biden increases.

• S&P 500: Gained over 55% (or a total return of 63.77% including dividends) during his term.
  
  
• • Dow Jones Industrial Average: Increased by more than 39%.
    
  • Nasdaq Composite: Rose by approximately 46%.

 

[Darkwind]

The market soared under Biden. (see below) But the cost of living skyrocketed. The people living pay check to pay check did not enjoy the benefits of the market increases. The same thing is happening under Trump. Those living pay check to pay check are not participating in market growth.

The rich get rich and the poor get poorer.

Biden increases.

• S&P 500: Gained over 55% (or a total return of 63.77% including dividends) during his term.
  
  
• • Dow Jones Industrial Average: Increased by more than 39%.
  • Nasdaq Composite: Rose by approximately 46%.

Wow. Just... Wow.

Way to showcase your ignorance.

No one except day traders, who are not the citizens you are referencing, get any usable income from investments, which are typically through some index fund, an IRA, or a 401k.

In both cases, regardless of Biden or Trump, the market had no bearing on their earnings week to week, month to month, year to year.

Sheesh....

 

[Woodznutz]

Tech is on a bull tear right now. I had yet another day of 2+ percent gains (2.06% for today's session). It only looks to get more bullish the rest of the week. The trade tensions with China appear to be calming based upon statements from the administration. Trump will hopefully announce a trade truce on Thursday when he meets with Xi. The Fed is most like going to cut another quarter point off interest rates on Wednesday. There are tons of earnings announcements this week which are expected to be big, including announcements from 5 of the mag-7.

There's lots of money to be made this week!

Only if you sell. Holding is still a gamble.

 

[ElmerMudd]

Wow. Just... Wow.

Way to showcase your ignorance.

No one except day traders, who are not the citizens you are referencing, get any usable income from investments, which are typically through some index fund, an IRA, or a 401k.

In both cases, regardless of Biden or Trump, the market had no bearing on their earnings week to week, month to month, year to year.

Sheesh....

You have to be kidding. The net worth of a person is more of an indication of wealth than annual income. Most have a large portion of your net worth in the market that provides income along with appreciation of your investments. I am retired. A large part of my retirement is income generated in my stock and bond investments.

 

[Darkwind]

Only if you sell. Holding is still a gamble.

Holding is playing the long game.

If you are young, relatively, then you hold.

If you are getting older and closer to retirement, then you start moving into safer indexes and become more conservative.

 

[Captain Creeper]

The market soared under Biden. (see below) But the cost of living skyrocketed. The people living pay check to pay check did not enjoy the benefits of the market increases. The same thing is happening under Trump. Those living pay check to pay check are not participating in market growth.

The rich get rich and the poor get poorer.

Biden increases.

• S&P 500: Gained over 55% (or a total return of 63.77% including dividends) during his term.
  
  
• • Dow Jones Industrial Average: Increased by more than 39%.
  • Nasdaq Composite: Rose by approximately 46%.

The cost of living did not rise under Biden; the value of the dollar fell.

 

[Captain Creeper]

Holding is playing the long game.

If you are young, relatively, then you hold.

If you are getting older and closer to retirement, then you start moving into safer indexes and become more conservative.

I am still saving for retirement. However, I do not want to miss out on the tech boom right now. You can navigate it in a reasonably safe way so long as you monitor what is going on and educate yourself on the sector.

 

[justoffal]

The cost of living did not rise under Biden; the value of the dollar fell.

Exactly.... The result was a bunch of Monopoly money numbers.

 

[ElmerMudd]

The cost of living did not rise under Biden; the value of the dollar fell.

WRONG! Do you ever do research? The value of the dollar ended higher at the end of Biden's Presidency than when he took it over from Trump.
Plus the dollar has gone down during Trump's term.

• The value of the U.S. dollar against other currencies dropped about 11% in the first half of this year, the biggest decline in more than 50 years, ending a 15-year bull cycle.

https://www.morganstanley.com/insights/articles/us-dollar-declines

 

[Captain Creeper]

WRONG! Do you ever do research? The value of the dollar ended higher at the end of Biden's Presidency than when he took it over from Trump.
Plus the dollar has gone down during Trump's term.

• The value of the U.S. dollar against other currencies dropped about 11% in the first half of this year, the biggest decline in more than 50 years, ending a 15-year bull cycle.

View attachment 1178058

https://www.morganstanley.com/insights/articles/us-dollar-declines

You moron. You possess neither the intelligence nor the experience to be quoting stats on this subject.

 

[ElmerMudd]

You moron. You possess neither the intelligence nor the experience to be quoting stats on this subject.

This is not an opinion it is statistical evidence.
If you want to refute provide data and sources. Not just your flapping gums.
I am not surprised by your response,

 

[Cassandro]

This is not an opinion it is statistical evidence.
If you want to refute provide data and sources. Not just your flapping gums.
I am not surprised by your response,

There is a difference between the value of the dollar (i.e., what it will buy) and its conversion ratio relative to other currencies (which are also declining in value). You don't understand this?

 

[Captain Creeper]

This is not an opinion it is statistical evidence.
If you want to refute provide data and sources. Not just your flapping gums.
I am not surprised by your response,

You do not even understand the subject.

 

[ElmerMudd]

There is a difference between the value of the dollar (i.e., what it will buy) and its conversion ratio relative to other currencies (which are also declining in value). You don't understand this?

You knew I was talking about the value of a dollar compared to other currencies. Do you even know how that affects the US economy? Inflation explains the domestic variation.
There are even more ways to value a dollar but I am sure you knew that.

 

[MarathonMike]

The market soared under Biden. (see below) But the cost of living skyrocketed. The people living pay check to pay check did not enjoy the benefits of the market increases. The same thing is happening under Trump. Those living pay check to pay check are not participating in market growth.

The rich get rich and the poor get poorer.

Biden increases.

• S&P 500: Gained over 55% (or a total return of 63.77% including dividends) during his term.
  
  
• • Dow Jones Industrial Average: Increased by more than 39%.
  • Nasdaq Composite: Rose by approximately 46%.

So why reference the "Biden increases" in the S&P 500? Were poor Americans benefiting then? And yes, the rich get richer which has been the norm over the last 2000 years of human civilization. But the poor in America are far richer than their counterparts around the world.

 

[ElmerMudd]

So why reference the "Biden increases" in the S&P 500? Were poor Americans benefiting then? And yes, the rich get richer which has been the norm over the last 2000 years of human civilization. But the poor in America are far richer than their counterparts around the world.

I referenced the Biden economy because the Trump economy is mirroring it. The people living paycheck to paycheck are not benefiting.
Do your homework

• Higher poverty rates: The US has a higher overall poverty rate (17.8%) and a higher child poverty rate (20.9%) than the average of 25 other developed countries, which have average rates of 10.7% and 11.7% respectively.
• Relative poverty: Organizations like the OECD rank the US as having the highest poverty rate among the 26 most developed countries. The UNICEF ranks the US second to Mexico for "relative child poverty" when measured against 35 of the world's richest nations.
• Poverty gap: The poverty gap in the US is 39.8%, which is the highest among the countries studied, meaning the average income of the poor is significantly lower than the poverty line.

U.S. Poverty Statistics and Facts (Updated for 2025)

Learn about how poverty affects different demographics in the United States by looking at the most recent statistics and data.

www.debt.org

 

[Cassandro]

You knew I was talking about the value of a dollar compared to other currencies.

That's not what you said, but I accept your clarification.

The value of the dollar ended higher at the end of Biden's Presidency than when he took it over from Trump.