On this the last day of the year, here is a quick look at the key market indicators that are signposting the way into 2022:
10 Year US Treasury yields 1.50%
Oil-WTI-$76.02 on hopes that the virus will not hospitalise the numbers feared
Gold-$1817
FTSE at 7403-80 points below the high of 2021
S&P 500 4778-an all time high
USD/JPY 115.05-a move away from safe haven JPY
EUR/USD 1.1305
GBP/USD 1.3505-GBP at a 6 week high
Many things have happened in previous years on this, the last day of the year, but let’s go back to 1968 in honour of The Monkees who released their version of this song written by Neil Diamond, which went to Number 1 and stayed there for 17 weeks- not much else happened pop wise in q1 1969 which is why we remember that fact:
I thought love was only true in fairy tales
Meant for someone else but not for me
Love was out to get me
That’s the way it seemed
Disappointment haunted all of my dreams
Then I saw her face, now I’m a believer
Not a trace of doubt in my mind
I’m in love
I’m a believer, I couldn’t leave her if I tried
I thought love was more or less a giving thing
Seems the more I gave the less I got
What’s the use in tryin’
All you get is pain?
When I needed sunshine, I got rain
Then I saw her face, now I’m a believer
Not a trace of doubt in my mind
I’m in love
I’m a believer, I couldn’t leave her if I tried
Oh
Oh, love was out to get me
Now, that’s the way it seemed
Disappointment haunted all of my dreams
Then I saw her face, now I’m a believer
Not a trace of doubt in my mind
I’m in love
I’m a believer, I couldn’t leave her if I tried
Yes, I saw her face, now I’m a believer
Not a trace of doubt in my mind
Said, I’m a believer, yeah, yeah, yeah, yeah, yeah, yeah (I’m a believer)
Said, I’m a believer, yeah (I’m a believer)
I said, I’m a believer, yeah (I’m a believer)
Have a Great Weekend plus a Very Happy New Year and a Fabulous 2022!
Discussion and Analysis by Humphrey Percy, Chairman and Founder
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