Stocks had a good week, until they didn’t and then they did again except for Tech stocks which only had a half-bad week. There is way too much crosscurrent info for the market to process and so it just gyrates like a bad state fair ride. It sure is nice for volatility though which I really like because it fuels the Katafin model. Through the ups and downs, the model returned 2% this week which is well about my goal of 1.5% and my observed performance to date of 1.6% for Katafin. Not to shabby but a far cry from the 3%+ from the past 3 weeks. I’ll take it.
There are a veritable metric shit ton of things pushing the market in different directions ranging from questions of valuation, to stimulus to covid reopening and with will happen with inflation if suddenly everyone loses their minds with travel, eating out and generally just buying stuff (and not) in different patterns from their covid life. The yin and yang of recovery and inflation remains unknown. My personal belief is that automation efficiency jumped forward 5 years which will more than offset demand inflation but who really knows. I’m sure there are some economists that have great AI assisted formulas that have it worked out which is probably the single best way to lose money in the market.
In North Carolina, covid has stoked entrepreneurial spirit. New business creation which was already trending upward, exploded during…
