Everyone Loves A Rally
"We like this," one CIO said, on the first day of the last week of the first year of the rest of our lives.
US equities notched another all-time closing high on Monday, as Wall Street looked to finish year one of the post-COVID era with a flourish.
It was the 69th record close of 2021. For what it's worth, there aren't enough days left to break the record (figure below).
At this point, any "Santa Claus rally" would just amount to the proverbial cherry on the sundae. 2021 will go down as a b
I have 2 children under 5 and news so far indicates a substantially rising number of child hospitalizations.
While I’m not afraid of omicron for myself (boosted) there seems to be a decent chance of breakthrough even with the booster. As such I’m inclined to entrench to reduce the risk to my (and others) kids.
I wonder how many other parents share my fears and what impact that will have.
definitely err on the side of extreme caution given trends with Covid and children imho…
H-Man, Omicron has no game.
There is a lot of overconfidence about Omicron. As a NYC resident I can tell you that the City is completely disrupted. And yes kids under 5 are vulnerable which makes everyone around them also vulnerable- the variant seems worse for children of all ages. And lets not forget long covid, and the possibility of a recombinant variant. This winter is going to be ugly in the northern hemisphere. I do share the optimism about things beginning to get better with oral pills and better vaccines- but not yet. Professor Osterholm, who seems to have the best track record in making predictions about the virus thinks covid as a major disease will be with us for 5 years- that gets us to November 2024. Right now sentiment on Wall Street is really great, and I would not fight the tape- but watch your back. Now is not the time to be overconfident.