Final Week of the Year & Outlook for January

Year-End Review & Outlook still forthcoming

This is merely an interim report, not the Year-End Review & Outlook, but this is a vitally important interim report.

People I speak with are all, much to my surprise, oddly bullish. And that could happen - a market run-up could transpire from here.

Reviewing where we are in the bigger picture:

It is possible, of course, that the market runs back up to a+12% rolling ten-year average real return. For that to happen at this very minute, however, would require the S&P to run to 7720!

I’ll have more to say about this in the Year-End Review & Outlook, and we’ll take a look at the effects of inflation on the longer-term projection for equities (and it’s a shocker).