It s always something. This week, "only" 113,964 people a day are catching Covid (2,306/day are still dying) and that s only a bit more than 1% of the population per month – so we should be (relatively) celebrating BUT NOOOOOOOO – now it s the Ukraine and the kind of "Will they or won t they?" thing that keeps TV viewers coming back for more every week.
What is a fish flop? That s where you have a fish that is still alive on the deck of your boat and it s gasping and flopping – but soon to be dead. That is not the same as a flip-flop – in which the markets reverse direction. This is not that, this is much more like only bouncing around because death is creeping quickly towards them and they are trying to escape.
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.
Congress is voting to punish China for its treatment of the Uyghur Muslims, which is kind of funny considering how we treat Muslims in this country. We are also
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