Financial 15 Split Corp T.FTN

FTN unit nav to May 30 = approx: $18.32

[mouserman]

So nice bounce back in the CAD banks for the most part, with big moves from CM and RY.
FTN commons now valued at about $8.12 after distributions are factored in. Last sale  @ $8.33 means almost trading at PAR BEFORE distributions are figured in, and about a 21 cent premium after  ..

[Golferman]

Daily MACD for the S&P is clearly turning down now from where it should if we are topping.

[Golferman]

Chart 

[mouserman]

Certainly several alltime tops have been made in 2024, but earnings and debt problems make this top seem very shaky..  Election year, and the minions keeping the market propped up.... Look out below after the election..

[flamingogold]

A pullback in the economy will just lead to a quicker decline in rates. Banks will benefit, lifecos will not. I do agree that post US election is going to be rocky regardless of who wins. This first half is going to look like a paradise compared to the second half.

[mouserman]

LOL so a quarter % cut in interest rates going to save all those underwater commercial  properties, the underwater mortgages , the underwater car loans,   credit card s...etc, etc... but the lifeocs are going to suffer because they can only get about 7 or 8 % for premium returns  instead on 1 % like before the interest rates hikes 2 years ago... my math works WAYYY different than

[NoShoesNoShirt]

Mouserman and flamingogold, you're both right to a degree. We'll have to wait and see which one is more right. And regarding the US election, Trump said there will be no violence if he wins.

[flamingogold]

Exactly, what happens when he loses.

[flamingogold]

Correct, a 1/4 pt will do nothing. My time horizon is a couple of years and I think the trend is down.