About 2 years ago, I read a book titled “The Accidental Superpower” written by Peter Zeihan. Mr. Zeihan emphasizes more than anything else, geography and navigable rivers, of which, the U.S. has 12. As I was reading the book at night and reading the headlines of the day, some of the events he predicted were happening. The article about Massachusetts changing to Atlantic time are parts of some of the predictions Mr. Zeihan made, especially the parts about the other Eastern seaboard states following suit. The book is a great read and, since we’re coming off the weekend where we move the clocks back (I hope you all made the change), I thought the article was timely. If you’re interested, it’s a good read and you can probably find it on Amazon, with not much of a cost.
I was asked recently what my thoughts were concerning interest rates and where they might be headed. The article about the federal reserve board gives us some indication that we might see an increase in rates next month. Additionally, the President has nominated a candidate to replace the current chairperson, Janet Yellen with Mr. Jerome Powell, whom pundits describe as a “low-key pragmatist. And, as we all know, interest rates and stocks are in highly correlation. I’m not sure what this means for equities, but, always please remember the trading strategy we are using for our equity clients is designed to over-preform rising markets by about 7%+/- while under-performing declining markets. And, while it’s not guaranteed, should the markets crash fast and suddenly, like they did 30 years ago, this strategy is designed to recover most, if not all, the losses.
Finally, Fats Domino died recently. I grew up in the 50s & 60 when much of his music was very popular. We say goodbye to someone that had a great impact on American culture.
Now that we’re on Eastern Standard time, it’s going to get darker earlier. It also means winter is not that far away. For some people this creates inspiring thoughts, for others, a little depressing, my wife for one. Whatever category we find ourselves in, just go out and make every moment count. Have a super week.