The stock market's rally is making history:
The S&P 500's market cap relative to disposable personal income adjusted for inflation reached a record 28x.
This ratio has more than DOUBLED since 2020 and has now surpassed the previous peak of 25x set during the 2021 meme stock frenzy.
This comes as the S&P 500 has rallied 116% while real disposable income has increased by just 13% since March 2020.
For context, the ratio was just 13x at the 2000 Dot-Com Bubble peak.
Stock market gains are outpacing real incomes like never before.
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The S&P 500's market cap relative to disposable personal income adjusted for inflation reached a record 28x.
This ratio has more than DOUBLED since 2020 and has now surpassed the previous peak of 25x set during the 2021 meme stock frenzy.
This comes as the S&P 500 has rallied 116% while real disposable income has increased by just 13% since March 2020.
For context, the ratio was just 13x at the 2000 Dot-Com Bubble peak.
Stock market gains are outpacing real incomes like never before.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
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BREAKING: Katy Perry and Justin Trudeau spotted on a dinner date at a restaurant in Montreal - TMZ
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BREAKING - American Eagle's Stock - $AEO has SURGED over 24% since Sydney Sweeney's Jean Ad's
ADDING +$400 MILLION of market cap
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ADDING +$400 MILLION of market cap
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The US economy is hot:
We have now seen 63 months of US economic expansion, the 7th longest business cycle since 1854.
This is above the long-term average of ~42 months and the median of ~30 months.
By comparison, the longest period without a recession was between 2008 and 2020, at ~125 months.
Since the 1980s, all economic cycle have lasted well above the historical average.
Unconventional monetary policies and historically large budget deficits appear to be extending business cycles.
What happens if the Fed starts cutting rates?
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We have now seen 63 months of US economic expansion, the 7th longest business cycle since 1854.
This is above the long-term average of ~42 months and the median of ~30 months.
By comparison, the longest period without a recession was between 2008 and 2020, at ~125 months.
Since the 1980s, all economic cycle have lasted well above the historical average.
Unconventional monetary policies and historically large budget deficits appear to be extending business cycles.
What happens if the Fed starts cutting rates?
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JUST IN - Ghislaine Maxwell offers to testify before Congress, with conditions: formal immunity and an interview scheduled only after her Supreme Court petition is resolved.
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The man-doxxing app Tea has taken its messaging system offline after 1.1 million messages were leaked in a second data breach.
This comes after thousands of selfies from Tea’s female userbase were leaked on 4chan.
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This comes after thousands of selfies from Tea’s female userbase were leaked on 4chan.
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