After fielding a few curious questions on the market’s reaction to the vaccine news of Monday, we thought we would briefly give you our view of the possibilities.
As we had mentioned a few times here and here Capital Markets were likely a bit over their skis. Smartly and good in our minds after an incredibly positive reaction to the vaccine news Monday market participants realized where they were with relation to earnings and likely cooled their jets.
Said another way … had we been much lower we maybe would have had a much stronger rally but being ahead of ourselves it may have tempered higher market valuations.
Specific industries such as travel and leisure, left for dead by many, did see significant increases, albeit from extremely low levels.
Masters Weekend
For the first time the Masters a stately golf tournament in Georgia is being played in the fall. Known as one of the most elegant golf courses and well-manicured it will be interesting to watch a Sunday conclusion under much different fall colors
But today is a Friday heading into a mid-November weekend and wonderful day in our neck of the woods getting cooler but nice fall/autumn temperatures!
Enjoy and talk to you next week!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
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New Lease Signed at 8222 Douglas … Preview- Interest Rate Deep Dive … The Masters Weekend … Friday
It’s finally done! We are happy to announce we have signed a new lease extending our stay here for about another six years from today! yay
The lengthy signing was certainly not due to knuckles and a negative experience, but more from a conflict of schedules on all parties. After just a few renditions we settled on a happy extension, more costly, but very happy to be in our same location for the next greater than a half a decade.
Preview of Interest Rate Deep Dive
With some terrific dialogue both here and in the headlines concerning interest rates, we are happy to preview a deep dive on rates next week and a reminder on the ultimate affects interest rates have on asset prices and the economy.
Masters Weekend – Return to Normal?
This weekend, in a more back to the normal Masters Golf Tournament …. we can see one of its all star students who 25 years ago this year made his amazing splash onto the venue. Will be watching, hope you will as well for some wonderful scenic views and back to normal spring sports!
Ahhhhh …. today is a Friday, heading into what looks to be a beautiful weekend here locally, hopefully it’s nice where you are, enjoy your weekend, talk next week!
John A. Kvale CFA, CFP
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Posted in Interest Rates, Investing/Financial Planning, John Kvale, Market Comments, Personal
Tagged FOMC, Interest Rates, lease, Masters, New Lease