Okay, so the theme is that on the macro 3 events may come together to signal a big climax, leading to change.
Long AbbVie (ABBV)
It appears that several international Financial ETFs have, generally, performed well over the past couple of years and are, either approaching major resistance, or have already reached it, when compared with their respective country’s Major Index on a ratio basis.
The first is the XLF:$SPX ratio, as shown on the 5-Year Daily ratio chart below.
I suppose it’s a symptom of being the youngest-born child in my family, but I’ve always had a special fondness for Christmas. Now don’t get me wrong – – I can’t stand the consumerism, and I’d gladly forego the entire getting-and-giving-of-gifts for the rest of my life. And yet there are some sustained pleasures of the season which I wanted to consider as we approach December.
Sturgeon’s Law still holds sway, however, as i does everything in this life, so there is no shortage of awfulness to deal with at the same time. I have, over the many years of this blog’s tenure, written many times about various cultural artifacts of the holiday season, but I thought there would be no harm in sharing a few more off-the-cuff thoughts. This time, in the interest of balance, I wanted to propose five favorite things about the holidays and an equal number of baddies. We’ll start with the good stuff. (more…)