To Your Health & Happiness
December 28, 2021 Good morning, I hope you are well recovered from a nice holiday weekend and are prepared for another one ahead. It seems like our bull market has had a very spirited week as well, with no signs of slowing through next week. It appears that my cautious tone in these notes since Thanksgiving, […]
Merry Merry
December 22, 2021 Good morning, Wow, elevated volatility into the holiday illiquidity zone mentioned Monday was an understatement. Monday’s torpedoed Build Back Better Bill (4B’s) and Omicron-is-Awful sentiment slammed markets down 1% across the board. Tuesday’s 4B’s is not dead yet, and Omicron-is-Mild sentiment sent market prices skyward, retracing Monday’s losses and then some. This […]
Holiday Illiquidity Zone
December 20, 2021 Good morning, If the industry of news is paid to sell fear, they are earning their keep today. The top headlines are shared between the rapid spread of Omicron and Senator Joe Manchin, who in a surprise move on Sunday, walked away from the Build Back Better Bill (BBBB). Not a single news […]
Discounting a Headwind?
December 17, 2021 Good morning, Following Wednesday afternoon’s strong but brief relief rally (relief that Powell didn’t do anything unexpected), investor’s seemed to realize that all three major central banks (Fed, ECB, BoE) were making decisions this week demonstrating that they no longer regard the downside risks to economic activity over the coming months as […]