A love song for economist Fredrich Hayek

The market spent the session waiting for Nvidia, with hedges being put on throughout the day, which is why the VIX 1-day rose from around 8 to 15.

Valuations may be better than they seem

Stocks posted solid gains in an action-packed week of market-moving economic data, geopolitical news, and bullish new year sentiment. By Monday’s close, the Dow Industrials had gained enough to make the “Santa Claus Rally” a reality.

The BOJ’s market meddling may be distorting asset prices