> vast majority of that was fuel

Everything else is up around 3% YoY. And if energy and transportation are up double digits, and producer prices are up double digits, other consumer prices will follow.

Yea and the cost of fuel has zero downstream effects on the economy.

> Inflation is a measure of the cost of living

The faster your cash loses value, the stronger your incentive to trade it for something else. That something else can be financial assets.

> It's not got loads to do with large-scale, institutional investments

For investors, particularly retail investors, the consumer price index is most relevant. But for whatever it's worth, producer prices are up over 16% in April (7% excluding "foods, energy, and trade services," which jumped over 50% annualized) [1].

To be clear, I'm floating a hypothesis here. I have seen no evidence linking inflation to demand for these companies' shares. (If anything, it should be the inverse.)

[1] https://www.bls.gov/news.release/ppi.nr0.htm

That depends. Inflation is a measure of the cost of living in terms of currency. It can be high either if goods and services required for living become scarce, or if currency supply increases. Currency supply increasing does affect asset prices.

Inflation then is already higher. Cost of living is driven mostly by rent

It doesn’t seem Berkshire is that much in the market right now.

Right now SPY not be such a great idea with SpaceX launch upcoming since it will be included into it immediately. Retail investors will be bearing that particular flop's cost.

I was old enough to remember the 08 crash. Then the market starting recovering in 2011/2012 and the sentiment was that the system would crash again soon like 08. Turns out, it was an amazing time to invest.

Post 08 crash, all sorts of conspiracy websites like Zero Hedge were popular saying how the world economy would keep crashing.

>And this is the more important part. As long as you're <40 you SHOULD always buy SPY or VOO, even at the very top.

But why? The US population is set to dramatically shrink in the next 30 years. Where does all the money come from?

One of my favorite phrases is “the market can stay irrational longer than you can stay solvent.”

Even if all signs point to impending doom, at the end of the day if people are still buying, stocks will hold their value.

no one is going to get wealthy buying SPY/VOO. you might get rich, but not wealthy. things have changed now in a sense that handful of companies are large percentage of the stock market to the point where one has to question why invest in “s&p 500” vs “s&p 25-ish”

while going with the tried&true makes some sense, I think we have to open our eyes to a different reality of our stock market… and this market concentration into few companies is going to get a lot worse…

>I think we need to completely reset our expectations of how the market works.

Is this not just "It's different this time" thinking? I remember it being used all the time during the dotcom boom

> There's been nearly an entire generation working in this "new" bull market

You mean 0DTE babies?

[dead]

Hasn't there been a _lot_ of debt to buy up Nvidia GPUs? I follow this stuff somewhat closely and it feels intentionally confusing, so I've likely lost track.

> Equity bubbles don't have to crash. Prices can just stagnate while profits catch up and multiples compress.

Is there is historical evidence for that? As someone who used to follow Jeremy Grantham a lot (he considered himself a "bubble historian"), IIRC every bubble he studied always mean reverted, and it usually (maybe always, can't remember) overshot on the downside during the correction.