-Strategists’ tgt tend to be way off, on average, by 14.1 percentage points.
-Avg returns are rare: SPX returned 8-10% 4x since 1950.
-Normal returns are avg between -7.7% - +31.3%
-Since 1928, SPX +21% in avg up year; fell 13% in avg down year.
www.tker.co/p/one-year-s...
-Strategists’ tgt tend to be way off, on average, by 14.1 percentage points.
-Avg returns are rare: SPX returned 8-10% 4x since 1950.
-Normal returns are avg between -7.7% - +31.3%
-Since 1928, SPX +21% in avg up year; fell 13% in avg down year.
www.tker.co/p/one-year-s...
YouTube:
www.youtube.com/live/P5vi8Fe...
Apple / Spotify:
podcasts.thecompoundnews.com/show/TCAF/th...
YouTube:
www.youtube.com/live/P5vi8Fe...
Apple / Spotify:
podcasts.thecompoundnews.com/show/TCAF/th...
The lesson: Everyone writes about how they're great at trading. Few write about how they're terrible at it. The audience for the latter is underserved. That's an opportunity.
The lesson: Everyone writes about how they're great at trading. Few write about how they're terrible at it. The audience for the latter is underserved. That's an opportunity.
I pulled together 14 charts to summarize the trends that shaped business and the economy in 2025
My 3rd time in a row doing a year in charts for DealBook, this edition is the most robust one yet in both charts & text!
www.nytimes.com/2025/12/20/b...
🎁 link nyti.ms/3LdhNo3
In today’s Wall Street Journal, I wrote about how an economy with fewer stable paths is pushing young people toward low probability, high payoff bets in search of upside - even though this is not what people actually want.