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‘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 nkowalski@anchor.bm

Disclaimer: The sole responsibility for the content of this article, lies with the author. It does not necessarily reflect the opinion, policy or position of Anchor Investment Management Ltd. The content of this article is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy or for any other purpose. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by the author to be reliable. They are not necessarily all-inclusive, are not guaranteed as to the accuracy and are current only at the time written. Past performance is no guarantee of future results. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. Investment involves risks. Readers should consult their professional financial advisers prior to any investment decision. The author may own securities discussed in this article. Index performance is shown for illustrative purposes only. You cannot invest directly in an index. The author respects the intellectual property rights of others. Trademark or copyright claims should be directed to the author by e-mail.

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Published December 20, 2021 at 7:41 am (Updated December 20, 2021 at 7:41 am)

‘Twas the market before Christmas

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