TOPLEY’S TOP 10 September 20, 2024

1. Largest Fed Pause Rally in History Before 50 bps. Cut

 

 


2. Will Lower Rates Spark Small Caps?

R2K streak. The Russell 2000 has now risen for 7 days in a row, a feat accomplished only 27 other times while also trading above the 200SMA. Forward returns have been mixed.

SentimenTrader


3. Fed Wants to Close Gap

Found at Abnormal Returns Blog www.abnormalreturns.com


4. 247 BPS by 2026

Irrelevant Investor Blo


5. Gold History After First Fed Cuts

Gold vs. first cut. “After a cut, there has only been one time, 1998, when gold has trended significantly lower after a rate cut throughout the next year, and even then, close to the one-year mark, it surged as the Dot Com crash started.”

https://www.bespokepremium.com/interactive/research/think-big-blog/


6. Fed Cuts Outside Recession History

Capital Group

 


7. Household Assets Elevated vs. Liabilities


8. 30-Year Mortgage Getting Close to Breaking 6% Mark


 

9. American People Dislikes Federal Government, Advertising and Pharma


10. The Daily Stoic

As we work and achieve, we pile up titles and money. We accumulate assets and influence. We build a life, as they say. And a life is made up of things: Our job. Our house. Our car. Our relationships. Our reputation.
Looking around at what we possess, what we’ve poured so much sweat and blood into, is an immensely rewarding experience. As Margaret Atwood writes in a beautiful poem,
The moment when, after many years
of hard work and a long voyage
you stand in the centre of your room,
house, half-acre, square mile, island, country,
knowing at last how you got there,
and say, I own this,
But the Stoic knows that we never really own anything. All that we possess in this life, Marcus Aurelius says, even life itself, is really ours only in trust. We are renters. Our lives are here on loan…loans that can get called in at any time. We can be fired. Someone can dislodge our seemingly dominant market position. A loved one can leave. People die.
That’s why Margaret Atwood warns against the pride and satisfaction of surveying one’s possessions. The moment you do that, she says, nature rebels. Almost out of spite, they feel the need to rebuke you for your pride.
No, they whisper. You own nothing.
You were a visitor, time after time
climbing the hill, planting the flag, proclaiming.
We never belonged to you.
You never found us.
It was always the other way round.
None of us own anything. Everything is constantly in flux. What we have today may be gone tomorrow—we ourselves may be gone tomorrow. Understand that. Appreciate everything accordingly. Be grateful and humble…or life will rebuke you. Fate will remind you who is in charge and nature will reclaim what is hers.