Postcards: Five Things I'm Thinking Instead of Trading

With Equity Signals under pressure, let's turn our attention to UFC libertarian callouts, the comedy of Harvard, ethical problems at the Fed, and important lessons around global inflation. Huzzah!

Market Update: We had a sideways start to Tuesday. Not surprisingly, interest rate-sensitive sectors like real estate and utilities remain under pressure. Our energy reading went negative this morning, with materials falling. This is a tricky environment for markets with rising interest rates and chop. We’re currently looking for a rebound in healthcare stocks, as the sector has traditionally done well in negative environments due to the moat around the industry. When you’re 25% of the economy, and the government writes constant checks… it’s an excellent defensive sector.