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Americans Are Finally All-In on the Stock Market

Americans Are Finally All-In on the Stock Market
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Who Wants to Be a Millionaire?


Who Wants to Be a Millionaire?
In the critically acclaimed movie series
Austin Powers, the villain Dr. Evil cryogenically freezes himself in 1967 and wakes up 30 years later. Determined to terrorize the world, he steals a nuclear weapon and demands a payment of $1 million from the United Nations…
To his surprise, leaders from around the world started to laugh at him.
As his right-hand man, No. 2, pointed out in an earlier scene, “$1 million isn’t exactly a lot of money these days.”
It’s true. One million dollars wasn’t much in 1997. And it sure isn’t much today…
Consider this… Earlier this year, someone in Maryland won the Powerball for $731 million (and claimed a $547 million lump sum). Jeff Bezos, the founder of Amazon (AMZN), has a net worth of $190 billion. And Apple (AAPL) now has a market cap of $2.2 ....

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A Major Market Puts the Pandemic in the Rearview Mirror


A
There s only one way to know when a market has moved on from a crisis.
It s not necessarily after the crisis is over, either. Instead, it s when a market completely erases the losses it endured from the terrible event.
I m talking about when a market breaks back out to new highs. This simple measure is the market telling us that what used to be a concern isn t anymore.
That happened for the U.S. market in August 2020. And the S&P 500 has rallied double digits since then. But many global markets have taken longer to reach new highs.
Now, it s happening in German stocks. The German Stock Index ( DAX ) broke out to a new 52-week high over the past month. ....

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