Private Equity and Business Update 12-8-21 #1

In this episode Scott discusses:

1. The markets had a terrific day yesterday.
2. The 10 year treasury yield has gained 15 basis points in 2 days.
3. The recovery in equities and the Treasury yields is largely based on lowering concerns that Omicron will cause tremendous disruptions.
4. Travel stocks softened late in the afternoon yesterday as COVID-19 concerns remain material to travel.
5. Bank stocks did well as they tend to rise with interest rates rising.
6. China Evergrande had a payment default Monday.
7. Bitcoin rose yesterday.
8. Amazon Web Services had a serious outage yesterday impacting numerous firms.
9. COVID-19 deaths were up to 1,700 yesterday and the 7 day average is at 1,319. Cases were steady at 113,000 and the 7 day average at 118,000.

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