Of all the indignities wrought by 2020, the constant up-ending of our investing expectations deserves a mention. Just when you think you’ve got it figured out, the on-again, off-again cyclical rotation vanishes through your fingers.
So it was this past week, as financial markets bounced between vaccine euphoria and the cold reality of the next few months.
Energy and energy services caught a bid during the week, reflecting guarded optimism the economy would reopen. So did bitcoin, perhaps emblematic of the reality central banks will play an outsize role in supporting that recovery for the foreseeable future.
Also in the past week, in a small confirmation of the trend we’ve called “the ETF-ication of everything,” Dimensional Fund Advisors announced it would convert six of its existing mutual funds to ETFs.
We’ll publish on Wednesday next week, rather than Thursday. Stay tuned, and thanks for reading.
Long story short…
Are you looking for a way to pick up some income? How about
some capital appreciation? What about…