After two big up years, the market has begun 2022 on a down note. This is how markets work: two steps forward and one step back. There is plenty to worry about, so what is an investor to do?
After a good year for the market, we seem to be ending on a sour note as the market has been mostly down this month going into the last week of trading. Will it continue or will we have a Santa rally? Only time will tell, but my money is on Santa pulling through.
The market today is much like army golf – covering a lot of ground but going nowhere. Why all the volatility? There have been many excuses given by the media, meanwhile we continue to get inflationary signals. Now that inflation is back, every other economic data point must be looked at in this light.
Inflation is a fact, and it is impacting everything from the cost of travel to the Thanksgiving dinner itself. The people impacted the most are those who were already barely making it inside their budget. Still, it is Thanksgiving, and even in a year with high prices there is still much for which to be thankful.
When analytics first came to sports it improved outcomes, because so much of what had happened before then had more to do with tradition than with logic and reason. Knowledge is a powerful thing, and the proper analysis of data can build knowledge. Knowledge, however, is not the same as wisdom. Wisdom comes from the combination of knowledge and experience. Let me give some examples of where analytics gets it wrong.
