We were bullish in 2021 and bullishness obviously paid off. As of the Friday close, the S&P 500 is up more than 25% so far this year.

On Friday, news of a COVID-19 variant identified in South Africa, and the announcement of new travel
restrictions, sent markets reeling.

Inflation is back and worse than it’s been in decades. Consumer prices rose 0.9% in October and are up 6.2% in the last twelve months.