It looks like Grinch ended up stealing Christmas after all. And instead of a tall creepy looking green guy, the Grinch is showing up in the form of 536 ignorant politicians who refuse to work together.
I had been hoping for a nice quiet end of the year. Instead, we’re in the middle of the worst last week of the year performance for the market since 1950. The S&P 500 is off 3.5% in the last 5 sessions thanks entirely to the fact that the American political system has become a mockery.
Anyhow, it looks like over the cliff we go and then the political charade begins again next week. Fun times.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.