We would be remiss not to mention Pearl Harbor, “A day that will live in infamy”.
Both seem appropriate, one for humor, and the other great sadness. The bottom line—volatility is making a hash of portfolios.
Is this a fine mess to launch for the seasonal Santa Claus Rally? So far it’s just a lump of coal in investors’ stocking.
The past few days are down 2%, up 2.5% and down .08%–wash, rinse and repeat. And, this is the generous view.
Market sectors moving higher included: Bonds (TLT), Dollar (UUP) and Volatility (VIX).
Market sectors moving lower included: Just about everything else and in a big