It’s a good time to get the perspective of the recent market rally from legendary investor Bill Miller, who beat the S&P 500 SPX, +1.13% for 15 years in a row and has seen a cycle or two.
Chinese stock valuations are too low, particularly when the government is easing and wants to help the market. And housing stocks with valuations in the low-to-mid single digits don’t “reflect even a modest continuation of the current fundamentals, he said. A MarketWatch-compiled average of his new FAANG assets, equal weighted using popular exchange traded funds, yields a 27% return for 2022. Kass says he’s long the GLD exchange-traded fund and has invested in stocks in the other sectors, and expects supply/demand imbalances to keep boosting these themes.
A badly damaged black box was found from the China Eastern Airlines Boeing BA, +2.76% 737-800 plane that crashed.
There's will never not be a day where there is no opportunity in the markets