Capital markets had a reasonably good month of November until “you know who” hit the news headlines – Omicron
But what a difference a week makes in capital markets. Last week, investors were obsessed with the omicron variant, a less accommodative Federal Reserve and inflation leading to losses of nearly 5% across the world. This morning, the market is coming off three winning sessions and the S&P 500 is 3 points off its all-time high. Yes, it appears a Santa Claus Rally is in full effect! We are reminded by a quote by Charlie Chaplin ‘you’ll never find a rainbow if you are looking down’. Despite the short-term noise, there continues to remain reasons to be positive as we enter 2022.
See the attached to read my “November Monthly Market Comments” and What You Need To Know!