I've lost money every year Bedpan and Lying Lilly have been "leading" this great country. In one day today, upon Trump being reelected, I gained $52,678.59 back. This is going to be one fun four years.
How amazing was today in the market.
- Thread starter TwinDegrees2
- Start date
My portfolio peaked in Jan ‘22. Then a slow and steady fall in 2022, 2023. All due to the excess regulation and ridiculous spending by the Biden administration. Started making progress toward the Jan ‘22 peak very late in 2023 and early 2024. Accelerated in July mostly due to the predicted Fed rate cuts and a some by a Trump victory. July 2024 my portfolio was back to the high of Jan ‘22 and has been rising since July.
Market yesterday was 100% result of Trump and Republican victory. Would not be surprised to see another 10-15% gain by mid-Jan 2025. Next 2-3 months have historically been good for the market.
It is a sugar high saying by by to Bidenomics.
Truth is has anything changed just YET? So it's projection of future good.
But it will be interesting what Market does under Trump. Trump is a unicorn, and hard to compare him to other past party leaders. But in the past the LOWEST market returns for each year -- always happen under 1 party rule. Always.
So can Trump buck history of 1 party rule?? I doubt it. But so far the Market disagrees.
Truth is has anything changed just YET? So it's projection of future good.
But it will be interesting what Market does under Trump. Trump is a unicorn, and hard to compare him to other past party leaders. But in the past the LOWEST market returns for each year -- always happen under 1 party rule. Always.
So can Trump buck history of 1 party rule?? I doubt it. But so far the Market disagrees.
True about market returns under one party. The market has bucked a few trends in the last 2-3 yrs. One being the inverted yield curve. Usually indicates a probable recession. So far, has not occurred.
There were quite a few very strong sectors yesterday. Industrials and Financials were mostly awesome. Consumer Staples and Utilities not so. These have done well since about mid-summer. As the Fed reduces rates, utilities should start a new surge up.
I haven't checked. One account doesn't get updated until after about two or three days and so I would need to check it with yesterday's numbers. I haven't checked, but seeing the 500 and Nasdaq numbers I know it was the biggest jump in a long while. Still, looking towards the RMDs I'm most interested in a reduction of the interest rates on ordinary income...wishful that they go down percentage, but expand the range for each bracket
I'm so mad at myself.....years ago, I bought BTC at around $30K or so. I had a limit order in to sell at $70K (around '21 or so). I think BTC hit a high of around $69,800 or something then dropped for a long time, might have even gone back into the teens. I didn't buy more and probably got spooked and sold around break even. Didn't buy back in again. Damnit!
