The Week That Was (17th -23rd October, 2021)

“A culture of discipline is not a principle of business; it is a principle of greatness.” Jim Collins, Good to Great

I reiterate the bullish thesis: a year end equity rally is coming!

The earnings season will be good.

Demand will be strong. (Watch i-Phone sales into Christmas).

Supply issues are showing signs of easing.

Interest rates remain low.

And investor sentiment is still bearish, a contrarian indicator.

PE’s to infinity?

Not yet. That comes some time in 2022.

For now,…