1.

As a 50+ year Met fan, I’m finally feeling lucky. Met fans everywhere are rejoicing over a new owner that has deep pockets. Yes, he’s a Wall Street crook, and he’s our crook who will spend for a winner. We are no longer a small market team from Flushing. Yes, the air is sweeter, the food taste better and we Met fans have pep in our step. The broke wicked witch has left the building…

2.

NYC restaurants have been shuttered since March. That’s about six months. Even though this governor has proclaimed victory over Covid, indoor dining has been off-limits. I have no words. And what about the bars in the city? Any restaurant or bar that survives, or didn’t survive, most likely didn’t pay rent for that duration. We are talking big losses. Commercial real estate is in such trouble, yes, but it will all flow back to the banks. However, no need to fret. Banks are being bailed out on a continual basis. So there’s nothing to see here. It’s business as usual…

3.

Recently, experts proclaimed that the old 60/40 portfolio was dead. With bonds yielding next to nothing, and the chance for appreciation rather impossible, this standard go-to allocation currently makes no sense. What is the proposed solution? A higher allocation into equities, say 80/20, is what advisors think works better. Well naturally, I feel this is a big mistake that will end badly. The bond market is being manipulated by The Fed which force feeds funds into equity markets. So both are not free markets. Here is my solution: Take the 40% and allocate into true guarantees that Do Not fluctuate. This is a great selling opprtunity for fixed annuities. Some financial advisors have believed in this for years, but now is the time all advisors should jump aboard. Say No to low-upside/high-downside bond market investing now.

4.

The treasury has issued $3 trillion in new bonds since March. The Federal Reserve has bought $1.8 trillion of that. What worries me is the bond market used to be our red flag? I think that has changed. The Fed has changed everything. Where will the red flag come from now? Unnatural markets can turn into Califiornia wild fires without us knowing…