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But we saved everything 🙂.
Andy Constan, founder and strategist at Damped Spring Macro, draws attention to the significant growth in U.S. national debt over the last 46 years.
He points out that the debt has increased at an annualized pace of 8.6 percent, rising from about $1 trillion to $39 trillion during this time frame. Constan notes that those who are older have benefited the most from the compounding effects of this long-term financial trend.
Constan has recently weighed in on other key market topics. In March, he noted that options markets implied a 56% chance the S&P 500 would reach 8,250 by year-end and 88% odds of 10,000 by 2030. He also argued that at a $2 trillion valuation, the S&P 500 would risk only a 2% loss if SpaceX stock went to zero. These observations reflect Constan’s ongoing focus on financial market probabilities and risk scenarios.