Transcript:
Tom Vaughan:
Hello, everybody, welcome to Tuesday, the S&P 500 was down point 1%. Today, and actually, you know, the NASDAQ was down also. But the Dow was actually up, which was kind of nice. But let’s talk about what they call the Santa Claus Rally here. And there’s some interesting stats that I read about this morning that came out from Dow Jones, essentially going back all the way to 1929. If you take a look at the week following Christmas, there have been eight other first days of that week, which was yesterday, where there was a 1% or more gain. Yesterday was 1.4%. So it’s kind of a rare occurrence. But in every single one of those situations, the week ended up positive at the end, matter of fact, the average rate of return over the whole week was 3.3%. So pretty good.
Kind of interesting, a little bit like the baseball stats, if you guys follow baseball at all, you know, the pitcher that has the 1.0 era to lefties, when the sun’s coming in from the right, and the winds coming in from the left, you know, that kind of thing. So it’s a little bit of an obscure stat. But nonetheless, this has been a really good time frame. Again, the consumer continues to come through lots of pent up demand coming in and starting to, you know, purchase goods going to be an issue for inflation. But so far, we haven’t seen dramatic slowdowns outside of some areas like travel related areas from the Omicron variant, still have a ways to go on that to see how that’s going to play out. But again, the best case scenario is that the economy continues to do well. And the Federal Reserve is able to then start to do their, you know, cutting back on their easing, and maybe even raising some rates in the economy kind of can still go along and do pretty well. Because ideally, those are in balance, and we’ll see what happens here. So, you know, the bond market is still kind of soft on the yield. So we’ll see how that plays out. But it’s been a great timeframe. Really, you know, since the middle of last week, things have been going quite well now, so we’ll see how it goes. So anyway, look forward to seeing what’s gonna happen tomorrow. Thank you very much.