School was supposed to be back in session today, but we found out last night it was cancelled. Although some districts across the country have gone back to virtual learning, our school district cancelled school due to a "winter storm warning", not the result of COVID concerns. This is our
This is the time of year where we will see a plethora of summaries about the past year along with predictions on what we should expect in the year ahead. SEM has always taken the stance that these exercises serve little purpose and typically do
I'm not sure where 2021 went. Plenty will be written this week and next in the various financial publications about the year, with plenty more written about what the next year will look like. I won't waste your time looking at either of those things this week. One because a
There are many axioms on Wall Street which often are not understood by most people yet are believed to be reliable. One of those is the "Santa Claus Rally". We've heard it discussed so many times it is easy to think the market always rallies around Christmas time. This is
The Federal Reserve announced on Wednesday they were accelerating the pace of the tapering of their Quantitative Easing program. While markets were on edge after some shaky press conferences in prior months, this was already telegraphed in Congressional testimony at the end of November. Back then the markets initially panicked,
