What’s New In the Financial Markets This Week

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We are in an interesting market where news is driving the rapid swings in the financial indices.

Example: Last week it was the news on the fear of inflation which will be a transitory for the next two quarters.

This week is cryptocurrency which is being fooled by the back and forth of Elon Musk investing a ton of money in Dogecoin than backing off using Bitcoin to buy Tesla’s. It’s enough to confuse the best investors.

So with that being said, what will it be next week? Oil, War in the Middle East, Chip shortages?

Who knows.

All I can say is strap in for a wild ride as we come out of the coronvirus pandemic and adjust to the new normal (what ever that is).

Robert L Woods

Robert L Woods

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About Me

Robert L. Woods is the retired partner of the Institute For Fiduciary Education (www.ifecorp.com) that provided investment seminars for public and private pension funds, endowments and institutional fund managers. He spent 28 years working for the State of California, as a budget and financial analyst which includes 16 years as an Investment Officer for the California State Teachers’ Retirement System (CalSTRS). At CalSTRS, he established it as one of the nation’s first institutional home loan programs with a down payment assistance component. He also spent 13 years on the Board of Trustees for the Sacramento County Employees Retirement System (SCERS). He was a Trustee with the University of California, Davis, Cal Aggie Alumni Association and a member of the Chancellor’s Council on Community & Diversity. He is a Life Member: Phi Beta Sigma Fraternity, Inc., Theta Gamma Sigma Chapter, Sacramento, CA.

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