‘Twas the market before Christmas
‘Twas the market before Christmas and returns have lacked depth,
With equities rallying with horrible breadth.
Global warming was discussed with thought and great care,
As COP 26 added measures to clean the world’s air.
Premier Burt lies nestled all snug in his bed,
With dreams of a casino still dancing in his head.
When exiting Afghanistan created a clatter,
As Biden’s approval rating went splatter!
Inflation flew up in a flash,
As supply chains crumbled and “transitory” was dashed.
China’s property market stuttered and crumbled,
As developer Evergrande’s debt tumbled.
When what to my wondering joy did appear,
But Flora Duffy winning gold at the Olympics this year!
While the Beeple sale at Christie’s for millions had little trouble,
I knew in a moment NFTs were becoming a bubble.
More rapid than eagles, the variants they came,
And we used the Greek alphabet to call them by name:
Now Alpha, Now Beta, and Gamma
On Delta, On Omicron, oh what drama!
They mutate and change then fall,
Please go away, go away, go away all!
Nefarious groups went on with cyber-attacks,
With the SolarWinds and ransomware hacks.
His eyes – how they must have twinkled and shone
As now the richest man is Tesla’s Elon.
Powell spoke not a word, and left rates the same,
And bond yields remained low and very tame.
Let us STILL look forward to the day when travel and hugs are all right,
And wish everyone a Merry Christmas and a good night.
Nathan Kowalski CPA, CA, CFA, CIM, FCSI is the Chief Financial Officer of Anchor Investment Management Ltd. and can be contacted at firstname.lastname@example.org
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