Santa Ride Under Threat
Read yesterday’s Substack, and that’s especially the case for paid subscribers.
At the end of October, I wrote about the fact that the very end of October was different from the prior 2 quarters. So we had 4 quarters.
a. Q1: Market straight up, small caps beat everything by a wide margin, large tech was negative, as stopped by interest rates, Gamestop, etc.
b. Q2-Q3: relationships among asset classes because a mess (multiple videos explaining my rants on GH2Unfiltered.com). Multiple videos.
c. Q4: relationship changed again, setting the stage for Santa’s ride, that continued despite Omicron. Oct 25, Oct 27, Nov 4. I also left the important caveat on Nov 7.
