Category Archives: Markets
Investors are looking past almost all bad news, anywhere, and becoming downright giddy.
Last week, Investors Intelligence tallied the percent of bullish investors it surveyed at 59.6%. That’s up slightly from the previous week’s tally of 59.2%.
At the same time, bears continued to retreat into the bushes, with only 18.2% of surveyed investors feeling bearish, down from 19.4% the week before.
All that giddiness, however, didn’t lift all equity benchmarks last week.
The Dow was down a slight 0.7% on the week. The S&P 500 was down 0.8%. But the Nasdaq Composite edged 0.2% higher.
Then there’s the Russell 2000. It rose a very robust 2.4% on the week, notching a new all-time high.
And that’s where the story is…
The world’s changing, quicker than ever.
And yes, that includes COVID-19 changing our future, but probably not in the ways you’re thinking.
The pandemic’s an accelerant; it’s speeding up societal, commercial, and moneymaking trends most people never saw coming.
But those trends are already here, gathering momentum – some because of COVID, some because we’re stepping into our ineluctable future anyway, and there’s no turning back. Not now, not ever.
I call the increasingly rapid adoption and implementation of trends, that with unimaginable speed will accelerate changes in how we live, work, play, and make money “Hyperdrive events.”