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Month: November 2021

The Good, The Bad And The Ugly & What is Bitcoin And Should You Own Some?

As noted in the previous quarterly publication, the second quarter marked the peak year-over-year growth rate on several measures, including economic growth. The third quarter found growth stocks remaining on top of the heap with concerns about the Delta variant denting the returns for more economically sensitive sectors (Chart 1). However, value and dividend stocks retained the crown for performance year-to-date on the strength of the performance in the first quarter. Chart 1 – 3Q Factor Performance The markets now resemble the classic Clint Eastwood film, The Good, The Bad and the Ugly. In the movie, the three men battle for a treasure in gold. The future direction of the markets will likely be determined by the struggle between the good, bad, and ugly factors. The Good Corporate profits and the wealth of U.S. households are the two of the most important reasons for optimism. Since equity ownership implies the

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