SPDR S&P 500 (SPY)

[gdl]

As expected! but started later than i anticipated. that is my signature calls. I am always early. SP500 now at 26 P/E. median between 16 and 18. We could hit 30 before it is all over. January should see a surprise drop lasting only days and quickly greed takes over. 2024 is likely the year of surprises all on the downside.
.
Goldilocks scenario is the call. Reminds me of the New Paradigm set in the late 1920'sl Dollar, Yields, Oil, low earings expectatins, and of course a tame inflation soon to drop even further. But wait, we did go thru this before. In the early 70's. Nah, that was an anomoly wasn;t it? After all inflation isn;t cyclical, is it?

So as the street envisions rate cus in 2024, multiple ones, what would happen if they actually RAISE! but the data isn;t showing any sign of such a situation. NOT YET! If we could have a 4% GDP surge right during the spike in prices, tight labor market and service sector on FIRE why would anyone think that demand for higher WAGES will stop? Vicious cyucle, one we can't afford to have. BUT today there is no sign of that. I must be smoking some bad stuff?

My mantra for 2024 is getting too much of a good thing! Inflation will rear it's head because if it.