🎙️ NYC On Sale

[5 minutes to read] Plus: What's wrong the Shiller ratio?

By Matthew Gutierrez and Shawn O’Malley

Believe it or not, the S&P 500 has been in the green for 13 of the past 14 weeks, quite the run since Halloween. It’s the first such streak since 1985 — before we were born. 😅

And we know that a strong January for stocks bodes well for the remainder of the year. So, about one month through 2024, we’re keeping our eye on the S&P 500’s top performers, as shown below.

💭 Related, ICYMI: Fed Chair Jerome Powell hit on inflation, rate cuts, and economic strength in a fresh 60 Minutes interview. Notably, he said the Fed is wary of cutting rates too soon.

Matthew & Shawn

Here’s today’s rundown:

Today, we'll discuss the three biggest stories in markets:

  • Why NYC apartment buildings are 50% off

  • What’s wrong with the Shiller Ratio?

  • Whether the $139 Amazon Prime subscription is worth it

All this, and more, in just 5 minutes to read.

POP QUIZ

What was the median price for home sales in 2023? (The answer is at the bottom of today’s newsletter!)

Chart(s) of the Day

The S&P’s top stocks haven’t been this concentrated in 50 years

Subscribe (for free) to keep reading!

This content is free, but to read the rest of this newsletter, you must be subscribed to We Study Markets.

Already a subscriber?Sign In.Not now