So I took my own advice for the holidays and totally detached from everything. Now that was not for lack of trying. I wanted to stay updated on all the latest news and stock updates, BUTTT…
Your boy was sick.
This means even the stuff I did read, I could not really comprehend all that much. The energy I did have was spent doing this:
I cannot wait for my Christmas Holiday. But for now lets try riding this bicycle again
Tale of The Tape
November was looking like another great month for Stocks. We were hitting All-Time Highs like it was going out of style. But like that one relative we all hope will not show up for dinner, Covid decided to remind everyone that it is infact still around. But not only is it still around, it has decided to invite its own guests. A new variant was discovered in South Africa that we are now calling Omnicron (almost like an Transformer).
Side Note: a lot of reporting in the West has framed this as South Africa has created a new variant. WRONG!
South Africa discovered the new variant because they are one of the few nations on the forefront on medical genome sequencing. Unfortunately, South Africa seems to be punished for doing appropriate research.
Anyway, new cases of the new strain has been found in multiple countries including the US. This caused stocks to panic that we might go into another lockdown sending stocks drastically down on Friday. As can be seen below:
This essentially wiped out all the gains for the month of November, which kinda sucks but remember we are still up over 20% on the year so things are not that bad. It will be interesting to see how the markets open on Monday.
I made a funny about the market crash on BlackFriday:
Looking Ahead
Literally no idea.
But here are some earnings that will be coming this week
Totally Unnecessary Man U Update
Ole is no longer at the wheel
We hired some old guy, Ralf Rangnick, as the new coach. Cool thing about this guy is; he is the mentor for two of the best coaches in the league correctly in Liverpool’s Jurgen Klopp and Chelsea’s Thomas Tuchel. But we will have to wait and see how he puts this titanic back together. Or if it is too late and we already have too much water on board and we just gotta sink the boat.
As far as results, Man U managed to not embarrass themselves this week:
Honestly, I was shocked we did not get a thrashing from Chelsea (which we should have).
TO A NEW BEGINNING!!
Thank you for reading
I hope you all have A WONDERFUL week. I will see you back here on Wednesday for another post. In the meantime, Go subscribe to Rambling Mind Podcast for mid-week stock market updates. You can also catch me on TikTok, Instagram, and YouTube every day.
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God bless Each and Everyone of y’all
✌🏾
-Kelechi