How about that Santa Rally … Consumer Back? … From the Road …

When I mentioned a Santa Rally in the throes of lead balloon oil barrels, weak trading volume, and falling earnings estimates, “no guarantees” was a certain inclusion.

S&P 500 Santa Rally 12-22-14

One can almost see a sleigh going into the sky the last three days.  Fundamentals?  … shhh … tis the season, we can worry about that next year.

Checking In From the Road

Consumer confidence, comfort, and most important … SPENDING!

  1. Maybe I am in a unique part of the country
  2. Maybe it is the season
  3. Maybe this time its different? (Doubtful)

If not, the consumer is coming back and feeling more confident  … great news for spending and GDP (Gross Domestic Production – Measure of economic situation – about 2/3 consumer spending related.) More healing in the works.

Enjoy your Monday … From the Road!

John Kvale CFA, CFP
8222 Douglas Ave # 590
Dallas, TX 75225


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