Its not just the faang stocks its the semiconductors. Microsoft, all these names cisco, oracle, really moving nicely to the upside you throw in the biggies amazons and facebooks and apples people went and looked for value that they felt they could trust off the fundamentals they heard when they felt this market moving back. Were back as if the correction never happened. Leaders are leading again. Its the industrials tech, cyclical stocks that got us here in the first place where we are now yeah, leaders are the companies that have the most to gain from repatriation and have the best Earnings Growth and no one should be surprised by that. Thats actually whats been leading for years now. And so maybe this year ss gotten a little bit exacerbated netflix is easy. Its up 53 year to date even after a massive correction in early february apple is is another great example. Down 16. 5 at its low. Its now within points of the record highment back above a 900 billion market cap. Biggest stock in
Earnings could well determine whether we get that late summer swoon or, josh, perhaps a surge. Do you think people are too negative today on where the market is . I think we probably need some new tools to measure whats going on in the economy. If youre looking at commodities and saying this is representative, then youre ignoring the fact both Consumer Discretionary and Consumer Staples are within pennies of new record highs. And the fact that those two things can happen concurrently, this massive downtrend in Commodity Prices and this huge uptrend in what the consumer wants to do with their disposable cash is like a non sequitur of commodities being a leading indicator. The fact is theyre global now. Theyre not a good leading indicator for the u. S. The real economy, 70 of which is the u. S. Consumer, is doing just fine. Not great. Not gangbusters, but household formation is happening. Were building and buying homes and people are out in the stores and restaurants. Go out on a saturda
Im andrew biggs. And todays session is titled what can irs data tell us about retirement income. I can imagine a bgrade thriller movie that the tag line said what if everything you knew were wrong. This is a slightly modified version. The tag line might be, what if many of the things you know were wrong and what if many of those were about refirement incomes . Its not something quite as thrilling but something thats actually very, very important. And i think the fact is that much of what we think we know about retirement incomes, the statistics that drive Government Policies regarding Social Security and retirement plans may in fact be wrong. We think we know what retirees incomes are, what their poverty rates are, how dependent they are on Social Security benefits and how much they receive from private retirement plans. Ki pu i can pull some of those statistics from my hid. The poverty rate. Those statistics that i know, based on the data currently ice used. Some of the statistics are
The American Enterprise institute in washington, d. C. They looked at irs and Social Security data to determine how Many Americans will be ready for retirement. This is two hours. Thank you very much for coming today. I think well get started. Welcome to all the American Enterprise institute. Im andrew biggs. And todays session is titled what can irs data tell us about retirement income. I can imagine a bgrade thriller movie that the tag line said what if everything you knew were wrong. This is a slightly modified version. The tag line might be, what if many of the things you know were wrong and what if many of those were about refirement incomes . Its not something quite as thrilling but something thats actually very, very important. And i think the fact is that much of what we think we know about retirement incomes, the statistics that drive Government Policies regarding Social Security and retirement plans may in fact be wrong. We think we know what retirees incomes are, what their
Thank you very much for coming today. I think well get started. Welcome to all the American Enterprise institute. Im andrew biggs. And todays session is titled what can irs data tell us about Retirement Income. I can imagine a bgrade thriller movie that the tag line said what if everything you knew were wrong. This is a slightly modified version. The tag line might be, what if many of the things you know were wrong and what if many of those were about Retirement Incomes . Its not something quite as thrilling but something thats actually very, very important. And i think the fact is that much of what we think we know about Retirement Incomes, the statistics that drive Government Policies regarding Social Security and Retirement Plans may in fact be wrong. We think we know what retirees incomes are, what their poverty rates are, how dependent they are on Social Security benefits and how much they receive from private Retirement Plans. I can pull some of those statistics from my head. The