The stock market

Snapprhead27 said:
My deferred comp loved it.

I opened up a third IRA, back door as they call it. What's everyone think of VYM and VUG? I'm currently buying VOO and reinvesting dividends.
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Not to be construed as investment advice, merely conversation.

As long as you manage the risk, nothing wrong with these. You just need to take an overall look at what you own across your financial spectrum, and your specific goals.

Two of those have tech in the top ten holdings, look at the other holdings and then decide.

VYM is a value play, the others are growth.
 
finance.yahoo.com

Nvidia closes with $2 trillion valuation as Dell stokes AI rally

(Reuters) -Nvidia's stock market value closed above $2 trillion for the first time on Friday after an upbeat report from Dell Technologies reignited Wall Street's AI-fueled rally. Nvidia's stock added 4% after Dell, which sells high-end servers made with Nvidia's processors, gave an upbeat...
finance.yahoo.com finance.yahoo.com


Closed at $823 Friday and was up a few points in the after hours.
 
Good read here:

Gold & Bonds Soar As Fed's Waller Hints At QE Reverse-Twist | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Shortly after a disappointing ISM Manufacturing report (which started yields falling), Fed Governor Christopher Waller (quietly) dropped quite a bombshell on markets for those that were paying attention.

Specifically remarking on a Fed paper "Quantitative Tightening around the Globe: What Have We Learned?", Waller told the 2024 U.S. Monetary Policy Forum in New York that he would like to see two key developments in the Fed's portfolio:

"First, I would like to see the Fed's agency MBS holdings go to zero. Agency MBS holdings have been slow to run off the portfolio, at a recent monthly average of about $15 billion, because the underlying mortgages have very low interest rates and prepayments are quite small. I believe it is important to see a continued reduction in these holdings.
Second, I would like to see a shift in Treasury holdings toward a larger share of shorter-dated Treasury securities. Prior to the Global Financial Crisis, we held approximately one-third of our portfolio in Treasury bills. Today, bills are less than 5 percent of our Treasury holdings and less than 3 percent of our total securities holdings. Moving toward more Treasury bills would shift the maturity structure more toward our policy rate - the overnight federal funds rate - and allow our income and expenses to rise and fall together as the FOMC increases and cuts the target range. This approach could also assist a future asset purchase program because we could let the short-term securities roll off the portfolio and not increase the balance sheet. This is an issue the FOMC will need to decide in the next couple of years."
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Translation: Waller is hinting at an 'Operation Reverse-Twist' which will lower short-term yields and steepen the yield curve.

As a reminder, The Fed unleashed 'Operation Twist' in Q2 2012 (selling short-term Treasury securities and purchasing long-term Treasuries) to extend QE without actually calling it QE.

While much chatter has been about the tapering of QT, they will of course not call 'Operation Reverse Twist' by its proper name - QE - because that would reignite animal spirits further and put The Fed in the awkward position of buying short-term bonds at the same as it is hiking rates.
 
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