Carnegie Market Blog

 

Happy Anniversary Stock Market

Posted by Brent Luce on May 20, 2016 4:46:44 PM

Happy Anniversary!

Today marks a one-year anniversary for the market.  One year ago today, the S&P 500 hit its all-time high.  As I just typed “Happy Anniversary!”, I am reminded that today is my 16th wedding anniversary too.  What a coincidence!  Anyhow, looking at the table below, you will see that while the S&P 500 is slightly down in the year since its peak, sector performance is quite dispersed, and the Russell 2000 – an index of smaller capitalization stocks – is down considerably.  So, investors’ returns over the past year have been much more about which parts of the market they were invested in rather than just being invested in the market.  MORE: An Unhappy Anniversary for the Market

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Topics: Recession, Oil Prices, Market Peak, Capacity Utilization

America's Got Talent

Posted by Brent Luce on Apr 14, 2016 4:58:52 PM

Elon Musk

In the last blog, I mentioned the incredible launch of the new Tesla Model 3.  Last Friday, while most of America was watching the Kardashians, the Masters or “America’s Got Talent” SpaceX accomplished arguably the most important advancement in space technology since man walked on the moon.  Reusability has been one of the major hurdles in space flight.  Last week, SpaceX was able to launch a spaceship and land its autonomous booster rocket on a drone barge floating in the middle of the Atlantic Ocean.  Click Here to watch video of the landing.  It may be that when we look back, we will point to the Tesla Model 3 launch as the day that electric vehicles went mainstream and that the tipping point for space travel for non-astronauts started the day SpaceX landed a drone rocket on a drone barge in the middle of the ocean.  Of course there is a long way to go on both fronts, but the ball is in motion.   So what do these two historic event have in common?  Elon Musk.  He is the brains behind both SpaceX and Tesla, and oh yeah, he was a founder of Paypal, too!  It was quite a week for Elon Musk, his show is the real “America’s Got Talent”.  More:  Why this is a big deal

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Topics: Elon Musk, Telsa, SpaceX, Capacity Utilization

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