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But we saved everything 🙂.
Jordan Kerridge observes that stocks are trading close to all-time highs, even as inflation remains above 4%.
He points out that the Federal Reserve has not started cutting rates aggressively, yet markets continue to advance, suggesting investors are looking further ahead than current headlines indicate.
Kerridge has previously highlighted standout long-term returns in major stocks. He noted that a $1,000 investment in Tesla in 2011 would now be worth $380,000 after 15 years (article). In another analysis, he pointed out that a $10.41 purchase of IBM shares in 1932 would have grown to more than $1 million over 94 years (article).