STOCK MARKET WATCH -- Tuesday, 22 November 2022

[Tansy_Gold]

STOCK MARKET WATCH, Tuesday, 22 November 2022

Previous SMW:
SMW for 21 November 2022




AT THE CLOSING BELL ON 21 November 2022


Dow Jones 33,700.28 -45.41 (0.13%)
S&P 500 3,949.94 -15.40 (0.39%)
Nasdaq 11,024.51 -121.55 (1.09%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

Up to the final moment of the launching of ultimata between the European governments no one thought it possible that all our boasted bonds of civilization were to burst over night and plunge us back into mediæval barbarism. Wall Street was therefore taken unaware, and so terrific was the rapidity with which the world passed, in the period of about a week, from the confidence of long enduring peace to the frightful realization of strife, that no time was given for men to collect their thoughts and decide how to meet the on-rushing disaster.

Henry George Stebbins Noble. The New York Stock Exchange in the Crisis of 1914. The Country Life Press. (c) 1915.

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. Saw the idea in a newsletter about 3 weeks ago that the brief era of value investing is over

and we have dodged recession says one of the big banks and therefore growth investing is back for 2023. Don't know if it's true. Will watch value vs growth mutual funds and ETFs to see if a path can be teased out.....

Closed my hedge on Intel as it seems tech is rebounding, or maybe that $44 billion from Twitter is taking residence elsewhere.

[progree]

2. "the brief era of value investing is over"

I've read over and over that value beats growth in the long run. But it hasn't been a good decade for value, with growth beating value by 13.50% to 11.79% (10 years through October 31, annualized returns). Even the latest 3 year return has growth a bit ahead of value. For past 1 month (the month of October), 1 year, and 3 years, value is way ahead. Judging from these index funds --

VVIAX Vanguard Value Index Fund Admiral Shares
https://investor.vanguard.com/investment-products/mutual-funds/profile/vviax#performance-fees

VIGAX Vanguard Growth Index Fund Admiral Shares
https://investor.vanguard.com/investment-products/mutual-funds/profile/vigax#performance-fees

One perennial AAII Journal article that keeps showing up in one form or another yammers on and on about how great small-cap value has been historically, and how if some portion (for varying percentages) of your equity allocation were in small value, one would have a ton more of safe withdrawals over a long career and retirement than if one just stuck with the S&P 500 index fund or some-such.