4 Things I’m Watching

My last post was one year ago.  The topics dominating headlines have changed (other than the pandemic), but what hasn’t changed is uncertainty.  The longer I’m in this business, the more I realize that uncertainty is always present.  That is, it’s a present-tense issue.  Uncertainty is misremembered in hindsight.  Things tend to look obvious and follow a cause-and-effect pattern after we know the outcomes.  The future is also less uncertain than the present.  The market goes up in the long run.  Technology and medicine will continue to advance.  The world will be a better place.  The present is incredibly uncertain, though.  Real and imagined threats are everywhere.  As we have access to more and more data, the more uncertain the present feels. There are four major themes I’m following that blanket most of my present-tense concerns over uncertainty: The Federal Reserve, Inflation, Politics, and the Pandemic. The Fed There is…

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