Will the market continue upward trend?

[myrdale]

No, it's not. We're not discussing consumer credit.

We're discussing the global credit risk of the strongest/wealthiest/most powerful nation on the planet, and it's been downgraded. That has rippling effects, it devalues the dollar, and encourages foreign investment.

Are we great again, yet?

As I said, completely irrelevant.

Yes the United States of America is great!

[ua_guy]

As I said, completely irrelevant.

Yes the United States of America is great!

You came back 20 minutes after posting to add a machine gun emoji. Is that some kind of threat?

[myrdale]

You came back 20 minutes after posting to add a machine gun emoji. Is that some kind of threat?

Oh my god the victim hood mindset. You need to learn about context.

The 2nd amendment is one of the things that makes America great! That and McDonald's and American flags.

I suppose the 2nd amendment is a threat to anyone who threatens the security of the free state.

McDonald's has killed far more in this country that firearms ever have. 700,000 people per year from heart disease and only 20,000 from firearms.

So if I wanted to threaten you, i'd be far more efficient to do so with Big Macs and French Fries!

Eat your heart out baby!

[QuarterMillionMan]

Magnificent 7 stocks (ie, Apple, Microsoft, Amazon, Google, Meta, NVDA, etc). Is there an ETF that I can buy which includes all 7?

[ua_guy]

Magnificent 7 stocks (ie, Apple, Microsoft, Amazon, Google, Meta, NVDA, etc). Is there an ETF that I can buy which includes all 7?

Yes

[myrdale]

Magnificent 7 stocks (ie, Apple, Microsoft, Amazon, Google, Meta, NVDA, etc). Is there an ETF that I can buy which includes all 7?

Google is yielding a few options, MAGS, USMC, and XLG.

[QuarterMillionMan]

At first when I searched it I could not find anything. The S&P 500 performed very well from the end of 2015 through 2024, with an overall return of 178.3%. However, it doesn't come close to the Magnificent Seven, which have a staggering 697.6% combined return over that same time span.

[myrdale]

At first when I searched it I could not find anything. The S&P 500 performed very well from the end of 2015 through 2024, with an overall return of 178.3%. However, it doesn't come close to the Magnificent Seven, which have a staggering 697.6% combined return over that same time span.

QMM here are each of them.

https://www.morningstar.com/etfs/bats/mags/quote

https://www.morningstar.com/etfs/xnas/usmc/quote

https://www.morningstar.com/etfs/arcx/xlg/quote

[QuarterMillionMan]

Thanks myrdale.

[ua_guy]

The US' credit downgrade has been making the market wiggle and end down for the last couple of days.

What most people don't understand is that the downgrade forced the US to push bond rates higher. It's going to have a ripple effect for the next 20 years as the US government is having to pay higher borrowing costs. Because...that's what bonds are. Government issued debt on which the government pays interest.

[ua_guy]

On a positive note, the Federal courts hit the eject button on this emergency declaration / tariff nonsense. That should give markets a nice boost this morning.

[ua_guy]

That will be tempered with the damage already done:

WASHINGTON (AP) — The U.S. economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade warsdisrupted business, the government said Thursday in a slight upgrade of its initial estimate.

https://apnews.com/article/economy-trump-tariff-contraction-2c17721ae91e3249850b7a48ab35edc1

[Fishindude77]

If you keep digging for negative news you're definitely going to find some.

I spent the day yesterday at a state bankers convention. The final speaker for the day was an economist. I know this will be bad news for some but he doesn't predict doom and gloom for the next several years based on the actions of the current administration. He's predicting a rather flat and steady economy, continued low unemployment, a slight reduction in interest rates, moderate inflation about like it is right now, very low odds of a recession, and reasonably favorable conditions for American business.

[james.hendrickson]

If you keep digging for negative news you're definitely going to find some.

I spent the day yesterday at a state bankers convention. The final speaker for the day was an economist. I know this will be bad news for some but he doesn't predict doom and gloom for the next several years based on the actions of the current administration. He's predicting a rather flat and steady economy, continued low unemployment, a slight reduction in interest rates, moderate inflation about like it is right now, very low odds of a recession, and reasonably favorable conditions for American business.

The irony is...nobody really know what will happen with the economy.

[ua_guy]

If you keep digging for negative news you're definitely going to find some.

I spent the day yesterday at a state bankers convention. The final speaker for the day was an economist. I know this will be bad news for some but he doesn't predict doom and gloom for the next several years based on the actions of the current administration. He's predicting a rather flat and steady economy, continued low unemployment, a slight reduction in interest rates, moderate inflation about like it is right now, very low odds of a recession, and reasonably favorable conditions for American business.

That would be tolerable. It would be even greater if we saw a period of growth, and rising standard of living for everyone. Even on the tolerable end, I think it involves curtailing the illegal war on trade and letting businesses drive where they procure and manufacture their products. There's renewed hope in accomplishing that goal with the latest court decision.