Stock Market Frenzy: Is the Melt-Up Over or Just Heating Up? 🔥📊
Join us for Episode 184 of the Payne Points of Wealth as we dissect the current stock market frenzy. Is the post-election rally just getting started or are investors late to the party? Bob, Ryan, Chris & Courtney discuss the current market exuberance, provide a historical context to the current trading environment and share their insights on how to position your portfolio now. Whether you’re growing your wealth for retirement or just curious about the market’s wild ride, this episode is packed with valuable information and perspectives you won’t want to miss. Tune in to stay ahead of the curve and make sense of the current market madness! 📈💥
Hidden Facts of Finance
From its IPO in early 1999 to the end of 2023, Nvidia investors enjoyed a 33% annualized return, compounded the highest growth rate for any U.S. stock, with at least a 20 year trading history. If an investor had purchased $10,000 of Nvidia stock when it first became public back on January 22, 1999, that stock would have been worth $35 million as of the end of last month.
Global military spending in 2023 was $2.4 trillion, up 6.8% year over year. The U.S. was number one with almost $900 billion in military spending.
S&P 500 yield fell to 1.2% on Monday, its lowest in more than 20 years. Dividends have faded as tech stocks have accounted for a larger portion of the S&P 500. That is the lowest dividend yield since it hit 1.17% back in February 12, 2001.Tech stocks then also accounted for a big chunk of the index. Low yielding mega-cap stocks are the antithesis of what an investor that needs retirement income should be owning, providing no income, leaves no margin of safety, especially if the market eventually sells off.
