Earnings and most of the other short term news is driving a big rally this week. AND....we have not even started the BIG TECH earnings that will come as the week progresses. this week has the potential to be a HUGE gain for investors that have the GUTS to simply stay invested for the long term and capture the big gains that often come out of nowhere. Here is the start to the day....basically a strong continuation of yesterday. S&P 500 rises to fresh record high after round of strong earnings https://www.cnbc.com/2025/10/27/stock-market-today-live-updates.html Earnings so far.....are off to a strong start. With about 1/3 of the SP500 earnings in the can.....83% have beaten earnings expectations. that is a HUGE number.
The SP500 has now blown through the low end of my year end prediction....6800. It is pushing toward the high end of my prediction....6900. As usual if you look back at all the expert predictions at the start of 2025.....most were significantly LOW....in other words.....WRONG.
To update a post above about market cap. The "four coma" club. Apple, Microsoft cross $4 trillion market cap https://www.cnbc.com/2025/10/28/apple-microsoft-4-trillion-market-cap.html I still miss the TV show.....Silicon Valley.
Looking at the ticker it appears that I am having a good day so far. Although some of my green stocks today are only MILD to the up-side. I also have three RED stocks right now....COST, AAPL, and GOOGL. So......how and where we go from here today is....totally up in the air. I would not be surprised to see the big tech stocks linger into the close today....in advance of earnings tomorrow.
I see Cathy Wood is now out in the news today. I also see and hear many sources fear-mongering....based on TWISTIFICATION of what she actually said. Ark Invest CEO Cathie Wood flags AI market correction risk: ‘We think there will be a reality check’ https://www.cnbc.com/2025/10/28/cat...rection-risk-but-rejects-ai-bubble-fears.html What she actually said: "......as interest rates begin to rise, “there will be a shudder” in markets." She is talking about far into next year if talk begins about raising rates. We are a long way from this hapening and I doubt it will happen in 2026. She also pours COLD WATER on this happening...noting that there is really NO BASIS for this to happen other than Program Trading Algorithms: “There are a lot of people out there ... who think that innovation and interest rates are inversely correlated. That is not true over history,” Wood said. “I want to disabuse people of that notion. But nonetheless, the way algorithms work these days, we think there will be a reality check, shall we say.” AS to the AI bubble she says: “I do not believe AI is in a bubble. What I do think is, on the enterprise side, it is going to take a while for large corporations to prepare themselves to transform.” In other words.....I see her comments as just about totally positive. Not that I care what she says and thinks. She is a speculative trader.....NOT....a long term investor.
The above is about the extent of what is going on today. Right now ALL the big averages are nicely....GREEN. Although they have backed off from the higher open. I expect that at some time today we will see one or more of the big averages go red....at least for a brief time. Do I care.....NOPE.
Now that basically....7 months...have passed.......It seems longer than that.......we know that all the fear-mongering over tariffs was just....BS. No one had a clue...but they immediately went negative and ran with it in the media. Of course as a nice negative click-bait story they all ran with it. Now....crickets.
I just looked at my account...four stocks RED and four stocks GREEN. I have a nice....MILD...gain to day. So that is where I start the rest of the day. The markets seem underwhelming today in spite of the green averages. The SP500 is only up by 0.07%......certainly NOT....a very significant gain. I am not surprised after the blow-out day that we had yesterday. At least the Ten Year Yield is now below 4%....at 3.987%.
Oh, I'm sure we haven't heard the last headline about it. Kind of funny in a way....sometimes we have actually benefited on some of the "announcements" and other days punished. Of course, I'm referring to short term market bounces and flops surrounding the issue.
LOL. Yes, I mean what would they expect a "Tech fund" type manager to say. That would be like a hedge fund manager coming out and touting the benefits of passive index investing.
