Ahhh, back at home after a lovely few days in Beverly Hills and Newport Beach. Between the weather and the geography, it is very easy to see how California has attracted so many people over the past century.
Historically, Geography was economics for the early development of trade, rise of cities, etc. — but we will save that for another day.
After a blistering rise, Asian markets are soft, Europe is following, and US futures are under pressure. Bears will blame it on Hilsenrath’s article on How the Fed will end of QE — that is in itself worth a closer look and its own post.
It will be interesting to see how markets trade today — especially after Europe closes.
Back shortly . . .