December 3, 2021
By Steve Blumenthal
“If you don’t do it this year, you’ll be one year older when you do.”
― Warren Miller,
American ski and snowboarding filmmaker
By the time today’s OMR hits your inbox, I’ll be in a pub in London with my son Kyle. Kyle’s a senior in college and is doing a semester abroad (as they call it here in the States). I took a red-eye flight last evening, settled into the hotel, napped for an hour, and spent the afternoon touring the city with Kyle.
Tomorrow we are going to the Chelsea vs. West Ham game at London Stadium. I’m a really big soccer fan and enjoy watching the game, especially at its highest level. My favorite teams include Liverpool, Manchester United, Chelsea, and West Ham. But mostly, I’m after great soccer.
London Stadium, Chelsea vs. West Ham. The game will be televised on NBC Saturday, December 4, 2021 at 7:30 am ET.
Short note this week. It’s been an interesting week in the markets. If you want my latest thinking, you can find it in a note I wrote a few weeks ago titled, On My Radar: What Inflation Means to Stock Prices.
Trade Signals – Time to Retire the Word “Transitory”
December 1, 2021
Posted each Wednesday, Trade Signals looks at several of my favorite equity markets, investor sentiment, fixed income, economic, recession, and gold market indicators.
For new readers – Trade Signals is organized into three sections:
- Market Commentary
- Trade Signals — Dashboard of Indicators
- Charts with Explanations
Market Commentary
Notable this week:
The Fed is late and
Mohamed El-Erian sums it up best:
Ex-NY Fed President Bill Dudley is quoted in a Bloomberg article this morning titled, “The Federal Reserve Needs to Accelerate the Taper” saying, “The Fed needs to act at the December meeting. If they don’t, they wouldn’t have the option to hike rates until June at the earliest, which would be a mistake.”
Buckle up!
Click HERE to see the Dashboard of Indicators in Wednesday’s Trade Signals post.
Not a recommendation for you to buy or sell any security. For information purposes only. Please talk with your advisor about needs, goals, time horizon, and risk tolerances.
Personal Note – London Calling
Saturday mornings usually find me with coffee in hand and an English Premier League game on the television. This Saturday, I’ll be at the Chelsea vs. West Ham game with a cold beer in hand. More importantly, I will be with my son Kyle, who I deeply cherish.
Steve and Kyle at the British Museum
Kyle with the Rosetta Stone
Wishing you and your loved ones a great week. And tune into the game Saturday morning to watch Chelsea’s Christian “Captain America” Pulisic.
Steve
Stephen B. Blumenthal
Executive Chairman & CIO
CMG Capital Management Group, Inc.
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Stephen Blumenthal founded CMG Capital Management Group in 1992 and serves today as its Executive Chairman and CIO. Steve authors a free weekly e-letter entitled, “On My Radar.” Steve shares his views on macroeconomic research, valuations, portfolio construction, asset allocation and risk management.
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