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.
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!
- Maybe I am in a unique part of the country
- Maybe it is the season
- 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