I was born in 1973 and graduated from high school in 1991, which means that most of my formative existence was smack dab in the middle of the ’80’s. And nothing is more formative on the mind of an adolescent than watching the same show over and over. From having watched The Karate Kid and Footloose (the originals) dozens and dozens of times, I learned that even if you are an awkward outsider who doesn’t fit in, if you will practice day and night and get really good at bodily contortions, in the end you get the girl and a crowd of people will dance and cheer all around you. Unfortunately for me, I never learned karate and I never learned to dance. I was going to segue that analogy into something motivational and uplifting, but now I can’t remember what it was because I have the above-referenced movie theme songs running through my head.
A string of favorable economic analysis published this morning has stock and oil prices rebounding. This comes at the expense of lower bond prices, which is putting upward pressure on interest rates going into the weekend.