Santa’s Sleigh & Biden’s Helicopters

Check out the accompanying pdf and chart collection. (1) Stocking stuffer idea. (2) Two Grinches: the Omicron variant and the hawkish Powell variant. (3) Believing in Santa. (4) S&P 500 makes another record high … Ho-Ho-Ho! (5) Good tidings for Tech. (6) A happy holiday yield-curve story. (7) Bidenflation: Dropping cash from helicopters works all too well. (8) Larry Summers was right. (9) Inflation likely to persist, but moderate later next year. (10) How real are S&P 500 earnings? (11) Real earnings yield says sell. We say don’t sell. (12) Movie review: “West Side Story” (+ +).