Month

Politicians, central bankers, strategists and portfolio mgrs announced New Year’s resolutions. Obama resolved to end his love affair with the left and snuggle up to corporate USA. First off he Volkered Volker (Paul got booted as Chair of the Presidential Advisory Board). Wall Street strategists, pledging to grow bullish balls, rushed to upgrade GDP and S&P forecasts. Goldman raised S&P 500 yr-end target to 1,

Hope all goes well. Great to flip the calendar. Too often, guys pile into their favorite trades in the first 2wks of Jan only to puke ‘em out by the 31st, so kept mostly to the sidelines, pricing structures and laying in wait. Keepin’ powder dry. Overall: Politicians, central bankers, strategists and portfolio mgrs announced New Year’s resolutions. Obama resolved to end his love affair with the left and snuggle

Had an unreal Christmas & New Years, hope you did too. Couldn’t help but keep a lazy eye on mkts. NY’s blizzard sealed the few surviving bears deep in their caves, not sure they even got news that China hiked rates, then again, with GDP close to 10% and negative real rates, what’s 25bps? The US economy looked perky, Chicago PMI hit 20yr highs and unemployment claims plunged. Merkel stated, “We must strengthen the

Had an unreal Christmas & New Years, hope you did too. Couldn’t help but keep a lazy eye on mkts. NY’s blizzard sealed the few surviving bears deep in their caves, not sure they even got news that China hiked rates, then again, with GDP close to 10% and negative real rates, what’s 25bps? The US economy looked perky, Chicago PMI hit 20yr highs and unemployment claims plunged. Merkel stated, “We must strengthen the