November 12, 2021
Good morning,
The market feels tired this Friday morning – but maybe that’s me, because I’m exhausted. RS-NYC hosted our first 2-day offsite partners meeting that ran late into last night. I must say, as the longest standing member (Q3-2013) of the organization, it was with great perspective that I could appreciate what our new leadership has accomplished. Probably the fastest, or at least one of the fastest growing RIA’s in the country for 2021.
I could not be prouder of being a part of this organization and for most of you who have been beside me the whole time, you know it wasn’t always this way.
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Tired or not – Futures climbed through the night session (+25 bps – an hour before the cash market) with yields rising on continued inflationary pressures. For the week through yesterday’s close, the S&P and most other major indexes are off 1% while yields (10yr) are back to 1.55% from 1.45% last week. I continue to be in the “pause-is-this-bull’s-correction” camp without seeing a lot of evidence to the contrary.
OK – back to work, have a good rest of your day and a very nice (recuperative) weekend.
Be well,
Mike