Stock Market Today: November 27th - December 1st, 2023

just a super quick follow-up update from ^ this earlier post today.

i've just gone ahead and pushed a patch through this evening. so the ssl certificates should begin working now. which means the site should now be working on the "https" once again.

we'll see how well this works this week. i'm hopeful this new update should do the trick for us.

so sorry for the earlier issues with this today guys!

hopefully this'll be the last time we'll have to deal with this issue for now.

 

Top of the morning StonkForumers! Happy Tuesday to all of you and welcome to the new trading day and a frrrrrrrrrrrresh start. Here is a quick check on those futures as we are a little over half an hour into the US cash market open.

GLTA on this Tuesday, November the 28th, 2023!

 

Morning Lineup - 11/28/23 - Is It Dry Yet?
Tue, Nov 28, 2023

Futures are lower across the board this morning, but the magnitude of the implied losses is extremely small with the Nasdaq leading the way lower, and it’s only down 0.25%. On the economic calendar today, we’ll get Case Shiller Housing data at 9 AM and then Consumer Confidence and the Richmond Fed report at 10 AM. In Europe, most equity benchmark indices are also lower, but again, the magnitude of the losses is generally modest as only France’s CAC 40 is down over 0.5%. Overall, there has been little conviction in markets since Thanksgiving.

Is the paint dry yet? As you might expect for a shortened session after Thanksgiving, trading activity was very slow last Friday. More surprising, though, was the fact that yesterday’s trading was extremely quiet as well. Putting the two together, the S&P 500’s percentage spread between the intraday high and the intraday low over the last two trading days has just totaled 0.31%.



In terms of how this two-day spread stacks up over time, the chart below shows the S&P 500’s rolling two-day trading range over the last five years. The last two days rank as the narrowest spread of the entire post-Covid era, and you have to go back to Christmas Eve 2019 to find a narrower range over a two-day period. With a narrow range like that, is it any wonder why the VIX is trading under 13? What’s that saying about dull markets again?

 

Here is a final look at today's market and futures maps, as well as how each sector performed individually at the close on Tuesday, November 28th, 2023.

 

awesome. glad to hear this oldie! thx for confirming all is working fine on your end.

also just for good measure here, i went ahead and upgraded the php version on the server side, so we should be pretty decent on overall website performance now as well. if you guys happen to catch any site errors or anything that looks kind of out of the ordinary. please do let me know asap.

can't believe we're coming down to the final few trading days of this month. where has november gone?!

i'm hopeful to make some kind of return to monitoring the markets regularly again and maybe put on trades again soon.

hope you guys have all had a great month and year to this point!!

 

Top of the morning StonkForumers! Happy Hump Day to all of you and welcome to the new trading day and a frrrrrrrrrrrresh start. Here is a quick check on those futures as we are a little over an hour from the US cash market open.

GLTA on this Wednesday, November the 29th, 2023!

 

Good Wednesday morning StonkForumers!

Here is this morning's pre-market news thread for those of you wanting to get a quick read before today's open-
<-- click there to read!

Hope everyone has a great new trading day ahead!

 

Morning Lineup - 11/29/23 - Legend
Wed, Nov 29, 2023

Futures are firmly higher this morning with the S&P 500 indicated to open higher by 50 basis points (bps) as treasury yields continue to decline. It was barely more than a month ago that the yield on the 10-year peaked above 5%, but this morning it’s back below 4.30%. The catalyst for this morning’s rally appears to be positive inflation data out of Europe which has continued the optimism following some dovish Fedspeak yesterday. Economic data this morning has been generally positive as GDP was revised higher and Core PCE was lower than expected.

Whenever a company announces the death of a high-level executive within the organization, the statement always includes some form of boilerplate about how “so and so” was an integral part of the organization, and it wouldn’t be the same without them. In yesterday’s statement from Berkshire Hathaway announcing the death of Charlie Munger, Buffett’s statement that “Berkshire Hathaway could not have been built to its present status without Charlie's inspiration, wisdom and participation,” may have sounded a lot like those typical platitudes, but in this case it couldn’t have been truer.

In 31 of the 46 years that Munger was at the company, Berkshire Hathaway outperformed the S&P 500. More importantly, though, in the fifteen years that Berkshire underperformed the S&P 500, the average underperformance was 13.2 percentage points whereas in the 31 years that Berkshire outperformed the S&P 500, the average margin of outperformance was 20.9 percentage points. So, not only did Berkshire outperform the S&P 500 more than twice as often as it underperformed, but when it did outperform, the gap was much wider than when it underperformed. The chart below compares the growth of $100 invested in Berkshire Hathaway when Charlie Munger officially joined the firm in 1978 to the growth of $100 invested in the S&P 500 on a total return basis. While $100 invested in the S&P 500 in 1978 is worth $16,527 today, that same $100 invested in Berkshire Hathaway is worth nearly $400,000 today! Not bad for two guys who started out in an Omaha grocery store.

 

Here is a final look at today's market and futures maps, as well as how each sector performed individually at the close on Wednesday, November 29th, 2023.