Everyone has a favorite ornament on their Christmas tree. For some, it’s those red, shiny glass spheres that reflect the lights around them, bathing the room in a warm glow on Christmas Eve. Others prefer ribbons, beads, or candy canes. There are those whose fondest ornament is the tiny macaroni angel or baked salt dough wreath their child made for them in kindergarten.
Have you ever gotten a present you didn’t really want but knew that you kinda sorta needed? (For example, socks.) Just before Christmas, that’s exactly what the Federal Reserve decided to give the country. Except the present wasn’t socks, but another interest rate hike meant to combat inflation.
Thanksgiving is one of my favorite holidays. As I get older, I think more and more about Thanksgivings past and all the food, laughter, and company I enjoyed from childhood to adulthood. I find myself nostalgic for the holiday of my youth, when I was a kid in my parents’ house, partaking in family traditions passed down for generations. Or the holiday of early adulthood, when my own children were young and learning those same traditions for themselves.
With elections right around the corner, many clients have been asking me what the results could mean for the markets. So, without further ado, here are four things you should know about the relationship between midterms and markets.
You’ve probably noticed the volatility wreaking havoc in the markets over the past few weeks. To understand what’s going on, let me tell you a story.
Remember when you were learning to drive, how new and scary it could be?