The above line from the article explains it all. A loser and whiner. Translation: "I can't beat passive investing....and investors have seen through the charade." Investors have wised up considerably over the years to such things as fees, they have been able to see the underperformance with their own eyes. It is really that simple. No matter how often they want to squeal and complain about it they have been getting beat soundly for years now.
I say this as a CLINICAL observer of the markets and the economy.....the government that is set to lose power in a week is trying to intentionally screw things up.....especially the economy....as much as possible in their final days. I dont care about politics....but the actions that I have seen happening over the past 2-4 weeks are CLEARLY aimed at trying to screw up the economy and other issues as much as possible during their last weeks in power. I also believe that much of the recent negative financial media coverage of the last few weeks is also being driven by political operatives. Example.....all the very fear-mongering stories I have seen lately about the coming.....OMG....tariffs. Of course most of them totally distort reality......and....distort that much of this talk is simply a negotiating ploy.. It is a BIG SHAME...but that is where we are now in the USA.
The obvious stories driving the markets today......DUH. Dow, S&P 500, Nasdaq soar as inflation cools, bank earnings shine https://finance.yahoo.com/news/live...tion-cools-bank-earnings-shine-135206962.html (BOLD is my opinion OR what I consider important content) "US stocks rallied on Wednesday as high hopes for bank earnings paid off and a crucial consumer inflation update showed prices increased less than expected in December. The benchmark S&P 500 (^GSPC) popped more than 1.6% while the Dow Jones Industrial Average (^DJI) rose more than 1.5%. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) soared 2.2%. Stocks took a leg higher after the Consumer Price Index (CPI) showed progress toward the Fed's 2% inflation target in December. Prices climbed 0.2% month-on-month on a "core" basis, which strips out the more volatile costs of food and gas, an easing from November's 0.3% gain. Over last year, core CPI rose 3.2%. Until the latest print, annual core CPI had been stuck at a 3.3% gain for the four months. December was the first time since July that the metric reflected a deceleration in price growth. The 10-year Treasury yield (^TNX) dropped over 14 basis points to trade around 4.64% after the cooler-than-expected reading. It had been up at its highest level in more than a year, serving as a headwind for stocks. The interest rate sensitive small-cap Russell 2000 Index (^RUT) soared in reaction, rising 2.3%. Traders still see just a 3% chance that the Fed lowers rates in January, per the CME FedWatch Tool. They remain split on whether a cut will come in the back half of this year, with odds of easing in June now seen as more likely than not. Spirits also got a boost from Wall Street bank earnings reports, which brought surging profits thanks to a dealmaking revival and investment banking strength. JPMorgan Chase (JPM) delivered on optimistic analyst expectations with a second straight year of record profit, while Goldman Sachs (GS) profit beat estimates. BlackRock (BLK), Wells Fargo (WFC) and BNY (BK) also booked bumper quarters. MY COMMENT GEE.....who would have ever imagined any of the above. WELL.....anyone that has their eye on REALITY.
OK......I will take what gains I am given today....as a fully invested all the time investor it is not like I have any choice. LETS ENJOY A RARE DAY......rare at least based on what we have had to ENDURE lately.
