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 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.

Jae’s Corner
2022 Has Been A Good Year For Stocks
Portfolio Expectations 101 This is the simplest way for everyone to stay calm, without overdosing on hopium. Even the best mutual funds have underperformed the S&P 500. VAGSX = Vanguard LifeStrategy Growth Fund Investor Shares (VASGX) = 14.6% YTD AGG = US Bond Market = -3.6% YTD…
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