Merry Xmas and a happy, healthy new year!
did YOU get your PFE Loyalty Card with your booster, too?
I wanted to take a moment and wish one and all a very merry Xmas, a Happy Festivus and happy new year! I may have left (directly) institutional FI markets and global macro but they have not left me. And as Investing.com delivers it,
It was just over a month ago, thats a wrap included a career’s worth of 30yr yields AND a few thoughts offered that morning of 19 November
Since then I’ve continued to attempt to be of some use and stay connected to global macro and to cobble together and offer some observations of Global Wall Streets inbox full of ‘research’.
Some 2022 outlook notes HERE (The "hair" forecast ("10y yields, actual and forecasts, %") PROVES they've NO idea... December 12th). And when I say THEY, I’d have to be included in that exercise of futility, guessing where things COULD be 12mos forward. As Yogi Berra is said to have declared, It’s tough to make predictions, especially about the future.
I ALSO added a few more observations HERE (December 19th) and HERE (December 20th). For even MORE of a HIGHER RATES CALL defense, click HERE.
Due to day job and travel sked not sure when I’ll have time to update via this medium but in the meanwhile, I wanted to wish you and yours all the very best. Lets HOPE this is NOT the conversations taking place in global macro:
All is NOT lost as this came in the mail shortly AFTER getting boosted …
… So I’ve got THAT goin’ for me, which is nice.
Finally, in as far as year end PORTFOLIO REBALANCING GOES, this..
…TRUTH. the 60 (now closer TO 70) truly does despise the 40 (I’ll let you do the math) until, of course, something breaks at which point, you’ll hope Santa left some bonds under that tree…If NOT, think supply chain issues.
Merry, merry and a happy new year to you and yours!!