Last Week: . On Monday, the market suffered its worst Christmas Eve performance on record, with almost a 3% decline on all equity indices. That evening, Carolers sang an altered version of The Christmas Song: Chestnuts roasting on an open fire Jack Frost nipping at...
- Archive posts -
Month: December 2018
‘Tis the Season to not Panic
Last Week: At the end of August, we noted a disconnect between the news flow and the markets performance: “The often-cited adage is that the stock market climbs the wall of worry. I would suggest that the current market is instead climbing the wall of “whatever”,...
Pessimism
Last Week: Pessimism has taken root, as the impact of the “trade war” on global economies has become manifest. In a sporting contest there is usually a winner and a loser. You strategize to beat your opponent. Global trade is not a sporting contest. Quite to the...
Baby It’s Cold Outside
Last Week: Baby, it’s cold outside, and on Wall Street. Parenthetically, the Frank Loesser classic holiday song of that title (the “Elf” rendition is my favorite) has been banned from certain radio stations, but that’s a topic for a different forum. The glow from the...
Bears Take a Bye Week
Last Week: In the NFL, the Chicago Bears had a bye on Sunday, which means they didn’t get to play. Apparently, the Wall Street Bears followed suit, as the S&P 500 staged an impressive 4.85% rally without meeting much resistance. It was the S&P 500’s best...
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