I trust everyone had too much food and too much football yesterday. Hopefully everyone had time to reflect on what they had to be thankful for—I know my wife and I talked about it as we have done in recent years. We can find plenty to complain about, but in reality we have way more to be thankful for–in particular family, health and to a smaller degree wealth. Our wealth isn’t such that we can toss money away on non important items continuously, but adequate to provide the basics in life that are important to us.
I am also thankful for the readers and commentor’s on this website. Certainly this website provides pleasure to me or I wouldn’t work on it so much—honestly if I didn’t have this to work on I would be a bit lost after 16 years. This past Wednesday I received a Thanksgiving card and ‘donation’ from a long time reader–with it a bit of his personal ‘story’. Items like this make working on the website worthwhile (not the donation, but the story).
Ok so today futures are up a bit and historically today should be in the green by around 1/2% or so. Interest rates are up 1 basis point at 3.71%.
As has been typical in recent weeks and months I will do little or nothing today market wise. I could nibble a small amount adding to current positions, but it will be very small. November has been a good month for me with reasonable gains as we approach the end of the month–I always love the end of the month with dividends and interest payments pouring into our accounts on the last day of the month or 1st of December – helping to fund some nibbling next month.
Next week on Monday we have no real economic data being released–Thursday and Friday will bring the real news with the PCE price index on Thursday and then November employment numbers on Friday. These will be contributing data points for the December FOMC meeting decision of either a 50 or 75 basis point rate hike so they will be closely watched.