Weekly Market Commentary
April 30, 2018

The Markets

A meeting of the minds.

The Federal Reserve and the U.S. bond market appear to be in agreement about the direction of interest rates which is trending higher. Interest rate worries and inflation are offsetting a lot of the good news that is happening with the earnings reports for the stock market. In the first quarter the market went in three directions. January was very strong up, February an equally strong down and March more or less sideways leaving the first quarter with a small negative return year to date.

WE’LL NEED A NEW KIND OF UMBRELLA FOR THIS. In February, a new research paper disclosed a finding no one wants to hear about: Viruses are falling from the sky.

The New York Times reported the researchers journeyed to Spain and used buckets on mountaintops to catch whatever might fall from the sky. The scientists weren’t surprised to find viruses, but they were surprised by the quantity of viruses captured. Best estimates suggest 800 million viruses shower every square meter of the Earth every day.

Don’t panic! Viruses are responsible for a lot more than diseases. Scientists theorize viruses and humans may have a symbiotic relationship. According to Popular Science:

“Each of us has a unique collection of viruses although there are some species common to us all…endogenous viruses make up some 8 percent of our genetic material. Originally, they were thought to be nothing more than junk pieces of evolutionary history. But we now know they have a variety of functions. One of the most studied topics…focuses on reproduction. A particular protein encoded by one particular virus…appears to be imperative for proper formation of the placenta.”

Good or bad, the question remains: where do atmospheric viruses originate? No one knows for sure. There are a variety of theories. One theory is viruses are swept from the planet into the atmosphere. Another is viruses originate in the atmosphere. A third is viruses arrive from outer space.

The truth is out there!

Focus On The Positive

“Good judgement comes from experience, and a lot of that comes from bad judgment.” –Will Rogers