PUL$E: Magnificent 7 - Living On A Prayer

As the economy marches forward, it's starting to feel like we're living on a prayer. Today, only 7 stocks are holding up the S&P 500. Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta Platforms are up 92% on the year, while the other 493 are struggling. In other words, there is not a lot holding the stock market together.

Treasury yields look more attractive as stocks climb on very little value, and investors begin to worry about the outlook for 2024.

The Fed is expected to hold rates steady at the November meeting.

That said, recessions don't typically take full effect until we have "stopped" raising rates.

In the wise words of Bon Jovi,

But, as entrepreneurs, we should be getting our house in order because the time to capitalize on the repricing of businesses and real estate is around the corner.

The Real Reason Why The Market Hasn't Crashed...YET

Best,

Samson

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