Merry Christmas!!
It’s been incredible to see so many of you break records and achieve your goals this year!
I hope you take some time to celebrate Christmas with thankful hearts.
From all of us here at AE and The Main team…Merry Christmas!
Here are your Quick Hits:
The Math for Buying a Home No Longer Works.
- “It is now less affordable than any time in recent history to buy a home, and the math isn’t changing any time soon. Home prices aren’t expected to go back to prepandemic levels.”
What Happens After a 20% Up Year in the Stock Market?
- “Sure it’s great the S&P 500 is up 20% this year but aren’t we just pricing in the inevitable Fed rate cuts in 2024? Should we really expect the market to go up again next year after surprising to the upside this year? Color me skeptical. Full disclosure: I’m naturally bearish and take a bit of an anti-Ben stance about the markets.”
- Few stats from the article:
- The stock market was up 22 out of the 34 years following a 20% gain (65% of the time).
- The stock market was down 12 out of the 34 years following a 20% gain (35% of the time).
- The average return following a 20% up year was 8.9%.
Which Companies Make Up the “Magnificent Seven” Stocks?
