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’Twas the market before Christmas

’Twas the market before Christmas and all through Wall Street,

Investors cheered a stock market treat!

People went out but with an abundance of care,

As Covid-19 was still in the air.

Trump still lies snuggled in his White House bed,

With dreams of voter fraud dancing in his head.

When out of injustice their arose such a clatter,

We the world rallied for Black Lives Matter!

Away interest rates fell in a flash,

As the pandemic made bond yields crash.

These low rates did help things to grow,

Like bitcoin which gave off a golden glow.

When what to my wondering joy did appear,

But a series of vaccines by the end of the year.

With low latency and speeds very quick,

I knew in a moment 5G would do the trick.

The IPO market brought about great gain,

With household companies that we can all name:

Now Airbnb, now Snowflake, now Rocket and Doordash.

On early investors making serious amounts of cash.

When it came to crude oil something strange was found,

As prices turned negative with no buyers around.

As short sellers crumble and sigh,

Tesla shares surged higher straight into the sky!

The virus did create an environment of doom,

It’s a good thing we can communicate over Zoom.

Dogs barking, kids crying, oh what a mess,

Did nothing to help working from home stress.

Let us 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 21, 2020 at 8:00 am (Updated December 20, 2020 at 7:25 pm)

’Twas the market before Christmas

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