This is a rare market at the moment. Here are the unbelievable numbers for US markets in the last quarter.
If you thought at all this quarter –consider me guilty– you underperformed!
I started writing about the ‘Inconceivable Rally‘ in 2009 and stopped in 2012. In 2012, I moved on to call the rally (bull market) ‘Relentless‘. Today, we have full blown momentum in force and it’s creating moonshot stocks. Smart people are saying that ‘hype‘ has creeped back into the system.
I can’t argue. In fact, I have a little proof. Ivan and I created the Stocktwits50 (a premium product) to be a barometer of momentum. We believe owing the best stocks at the right time lead to outsized gains. In the last quarter, our Stocktwits50 list returned a gynormous 19.5 percent. Here is the breakdown by week:
That is 80 percent annualized. I have been around long enough to know its is not likely to happen. I have also been around long enough to know that predicting when the momentum ends is very difficult.
By the way, if your money was controlled by the robots you hear so much about these days (quants)…you are down 3.5 percent this year. And, there is no way to unplug them. Unlike your iPhone, they have wicked batteries.
Here are some unbelievable financial, start-up, stock market and individual stock metrics:
In 1985, only 8 people on the Forbes 400 wealthiest list came from the finance industry. The 2013 list contains 101, 28 are hedge fund guys.
Priceline is now the highest priced S&P stock.
$AAPL is holding 10 percent of Corporate AMERICA’s cash.
JP Morgan will get the highest fines in history at over $10 billion and the CEO is loved by Wall Street.
You love your robo investing apps and ETF’s (until the market drops 20 percent) and your robo legal iphone apps (until you get sued), but nobody owns robotic stocks.
Netflix is UP 3,800 percent in 11 years, but to have earned it, you had to endure an 80 percent crash in just 5 months:
Not much has changed since 2008 in the financial world except the prices of the securities. Most of the time, it really is a ‘market of stocks’.
Finally – Ivan and I did a damn good ‘Momentum Monday’ and while we may be painful to watch, you should listen: