Just a quick look at the technicals and a report on the early-session action across markets this morning. My plan is to get Part 2 of our year-end letter out to you by the weekend.
Well, the "decent" short-term technical setup that I charted for you on December 5th played out as suggested:
Here's the 2-hour SP500 chart snipped from that video:
"...investors (and anyone interested in forecasting politics) should focus on material constraints, not policymaker preferences.
Preferences are optional and subject to constraints, whereas constraints are neither optional nor subject to preferences."
Have a great day!