The Irrelevant Investor
WEBSep 12, 2024 — The Compound and Friends: Live from Future Proof with Peter Mallouk. Michael Batnick.
The Fastest Recovery Ever - The Irrelevant Investor
WEBAug 20, 2024 — This time, it took just eight days, the fastest 10% rally ever given the parameters. One of the crazier charts from a crazy couple of weeks is the double-long Nvidia ETF. It went from $5.7 billion in total assets down to $3.4 billion then back up to an all-time high of ~$6 billion.
A Few Thoughts On the Selloff - The Irrelevant Investor
WEBMichael Batnick. August 05, 2024. The stock market hit an all-time high last month. The rally was broadening out, and economic data and inflation were cooling, giving the Fed the green light to begin its long-anticipated cutting cycle. The VIX was low, and credit spreads were tight. And then boom, a powder keg of risk exploded out of nowhere.
I'm Not Saying Things Aren't Crazy - The Irrelevant Investor
WEBJun 11, 2024 — The fundamental growth is crazy. The valuation isn’t insane. I’m sorry it just isn’t. The stock trades at 44x forward earnings, which isn’t cheap, but it’s nothing compared to Cisco in 1999, which got as high as 97x forward earnings. This chart shows how out of whack the Nasdaq-100 got in the late 90s compared to the earnings it was ...
The Thing that Doesn’t Mix Well With Investing - The Irrelevant …
WEBApr 16, 2024 — The Thing that Doesn’t Mix Well With Investing. There was a further escalation in Israel over the weekend. It always feels a bit crass to talk about investing when lives are being lost, but part of what I do is help investors contextualize awful world events. Intuitively, you might think that geopolitical events would impact the market.
These Are the Goods - The Irrelevant Investor
WEBApr 21, 2024 — Tim Ferriss is a writer, podcaster, and investor. We cover the power of staying curious and having meaningful conversations, the universal characteristics of world-class performers, and how to spot investing opportunities in new and uncrowded spaces.
When the Bulls Disappear - The Irrelevant Investor
WEBJan 6, 2024 — Survey data is noisy and should be discarded most of the time. But at extremes, like in 2022, they’re worth paying attention to. The chart below breaks down the AAII Bulls readings into deciles by decade going back to 1987, and shows the average return a year later for the S&P 500.
Is Nvidia too Big to Fail? - The Irrelevant Investor
WEBMay 28, 2024 — No, but seriously, it's really big. Michael Batnick. May 28, 2024. Nvidia reported earnings last Wednesday. In the three sessions since, as of this writing, it has added $484 billion in market cap, or one UnitedHealth Group ($465B). UNH doesn’t get a lot of love because health insurance isn’t a sexy business to talk about.
Why Investors Love Being Scared - The Irrelevant Investor
WEBMay 14, 2024. It’s hard to believe that I’ve been writing online for over a decade. WordPress has been a wonderful home to more than 2,000 posts (Proud of those units). It’s been a hell of a run, but it’s time to move onto bigger and better things. I’m switching to Beehiv to improve how we (the Royal) interact with our readers ...
Inflation is Cooling - The Irrelevant Investor
WEBMay 15, 2024 — While inflation is cooling, prices are still 3.4% higher than they were a year ago. And prices a year ago were 4.9% higher than the year before that. Prices are 21% higher than they were before the pandemic started. And of course, some are up a lot more than that. Economists might be pleased with today’s …