Pinned Note: Over the next week or so, my focus will be on advancing the web portal development, so these letters will be done quicker than usual. The depth of analysis, therefore, might not be up to my usual standard.
There is nothing more important than family. I work up this morning under the same roof as my mom. We have lived in different countries/cities for the past 24 years; it is always such a privilege for this 53-year-old mommies’ boy to enjoy being spoilt the way only a mother can.
S2N Spotlight
The chart below is quite amazing.
The 3-month rolling correlation of the S&P 500 and the Equal Weighted S&P 500 only have a correlation of 64.7% at the moment. These indexes have the identical 500 companies in them and are so loosely correlated that you would need to do a genetic test to see they are related.
S2N Observations
The US produced better than expected GDP numbers. China reduced rates as did Canada. What is the Fed to do? I think they may wait for the next meeting before deciding to cut.
Performance Review
Chart Gallery
News Today
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