It’s the week before Christmas,,, Santa’s busy and I certainly hope he’ll drop by Wall Street — someone, people who make a lot of money – and manages to share and do acts of kindness — must make it to the Nice list there LOL
OK so last week the market falls after the Fed raised the rates was rattling — it was volatile as predicted (and frustrating in a way because we all know this rate rise is going to happen and yet people were reacting badly – like were they under a rock or something?) It just reinforces a lesson – the market will do whatever it wants to do, so must not get overconfident with our abilities to predict. As Master Yoda would say, “follow the market we must”
Anyway, what about this week? It’s going to be shortened week so I am tempted to just coast along with another covered call on my stock, but wait! Tomorrow, there’s the GDP report and there’s no economic report of note coming today. Futures are pointing higher so,,, follow the market.