Weekend Update:

Green Energy Grants, Market Narratives and Happiness despite hybrid Ferraris.

The renovations at my house continue this week and we received our Green Energy report and it was… not good.

I wasn’t convinced this report was worth the ~$550. But after getting it back, it does a great job explaining where the homeowner should spend their money to make their home more energy efficient.

For us. We have improvements everywhere but the real win is in the basement insulation and window upgrades.

We qualify for a $40,000 interest free loan and a $5,600 grant.

Not bad.

MARKETS:

This week was an important one. It was a tale of two narratives.

OCT31st - The market had no leadership and breadth was abysmal. The bears were taking their victory laps.

NOV1st - The market woke up and the bond market ripped as the 10-year yield plummeted.

As the USD and 10 year treasury yield fell, equities ripped and the most profitable season for equities began.

The why was explained by this interview with

Andy Constan

from Blockworks:

Some charts to pay attention to. From All Star Charts:

Huge fake in the DJIA:

Bitcoin Continuation:

US Healthcare on a mission:

When will the market be right about the fed pivot?

Some Great reads heading into the meeting:

• The Paradox of happiness - The Alchemy of Money

• "Sales of Ferraris with hybrid engines have overtaken those of traditional models for the first time, a seminal moment for a brand inextricably linked with supercars driven by noisy, powerful engines. Some 51 per cent of Ferrari’s cars sold between July and September were hybrid, compared with 43 per cent in the previous three months and just 19 per cent a year ago. Four of the 13 models offered by Ferrari in the quarter were hybrids." Source: FT

• "Today marks the release of the first “new” song by the Beatles since 1995. “Now and Then” is available on streaming services (with an Atmos mix where supported), and the story behind the song’s production is one that’s drawn a lot of interest from fans of the iconic rock band. Paul McCartney and Ringo Starr turned to breakthrough technology and machine learning to piece together a finished track from an old lo-fi John Lennon recording." Source: The Verge

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