Tumbling Tuesday – Low Start to the Weak

“The percentage you’re paying is too high priced

While you’re living beyond all your means

And the man in the suit has just bought a new car

From the profit he’s made on your dreams”

 - Steve Winwood

Welcome back. 

Possibly to reality, as it is now, officially, earnings season and there’s no hiding from the truth of Q4 now that traders are back from even the most extended of vacations.  The Fed have fired their happy talk guns and their first meeting of 2022 is next Wednesday so the Fed has to go quiet this week and they’ve already indicated no rate hike – so no upside catalyst from that corner and Biden can’t pass a parking ticket – so no stimulus is coming either.  That means the market has to impress us all by itself – yikes! 

“If you had just a minute to breathe

And they granted you one final wish

Would you ask for something like another chance

Or something sim’lar as this“

We’re back to averaging 2,000 people a day who have just a minute to breathe in the US with 156,505 people per day newly hospitalized and 800,000 newly infected yet you would think this thing is over from the news in the MSM.  I know things are bad because I live in Florida and I went to the grocery store and people were wearing their masks!  I have NEVER seen so many people wearing masks as I have this week – I guess at this point pretty much everyone has multiple friends and family members with Covid – so the message is finally sinking in.  

Notice the “slowdown” over the holiday is due to lack of reporting more so than an actual drop in cases.  And, of course, with the milder form of Covid…

Provided courtesy of Phil’s Stock World.