This month marks the one-year anniversary of the start of the 2020 market debacle. Think about how far we’ve all come since then: new highs, economic recovery, light at the end of the COVID tunnel and plenty of other things. We mourn for those we’ve lost and look forward to when our daily activities can return to normal.
What the pandemic may have done is accelerate trends in innovation and massive changes in how we work and play. Think about that when you fire up your Sony Betamax and Palm Pilot. Does your computer have a floppy disc drive? It may not even have a CD drive, anymore.
To quote an old French proverb, “the more things change, the more they stay the same.” The point is that the economy is always changing and industries come into and out of favor. So does debt. And hard assets. And entertainment. And travel. And real estate. You get the point. Don’t get stuck on yesterday’s trends. We are likely starting some huge ones now.
This month, we’ve dipped into the archives for a piece written by our own Dr. Julie Dahlquist many years ago. It talks about how there is good information in technical indicators. And, of course, it never hurts that it pokes a little fun at our economist colleagues.
And speaking of archives, there is one more photo from deep in the history of the Association. If you have any photos of seminars, speeches, winter retreats or just at the bar with fellow technicians, please send them along. We lost many great photos when our office in the Twin Towers came down on 9/11.
This month’s member interview is with Association Vice President Brett Villaume. And our president, Scott Richter, addresses how technical analysis helped him and his firm navigate the frothy waters of the recent short squeeze-a-palooza. Also, while a little delayed, this month’s chapter summary from Hong Kong presents the most thorough account of their December speakers. For those of us in an American mindset, the focus was on Asian markets, so consider that a treat.
Top it off with Association news and a link to the second offering in our new podcast series, “Fill the Gap,” and some recognition of recent member award winners across the globe.
Don’t forget, we can always use content. How about exercising your writing chops and sending in something about how you analyze the markets or how the Association has made your professional life better? No forecasts, please.
Michael Kahn, CMT