I fell off from writing. There has been so much on in various areas. Took the boat out for a motor cruise around the harbor a week ago. A February first!
After spending time away from the cold (spent time in Florida), it was still a cold and isolating time back in NJ. Continued with walks around the neighborhood as a way to still get some outdoor time and the occasional sunshine that warms up a 30 degree day.
The market has been a wild place the last few months. Wild gains that seemed to reach nearly all the sectors. The SPACs that I would buy at $10 would go to $17-20. Everything was running full steam until the 10 year note’s yield started to run up beyond $1.50, and then the brutality of the pullback became clear. Massive sell offs in tech, even while stimulus money continues to be released, and jobs numbers grow back in time for spring. I think the pullback is temporary — there is still a lot of healthy things happening in the market.
Next week are some warmer days, and likely a good time for a real start of the year sail. There is plenty of work to do on the boat this season. Planning on cleaning up the wood, adding some repair to the teak handrails on the deck, and adding some more tech. Considering adding AIS, radar, and hardwiring in the temporary solar setup that I have for the house batteries. This is all in prep to taking her out on farther trips. Would love to cruise down to Sandy Hook or just cut back and forth outside Coney Island. Eventually I also want to get into some longer motor trips — up the Hudson — was looking at marinas or Anchorage up past West Point. I think this would be a nice trip past the palisades, and past some of the iconic bridges that cross the Hudson.
Truman Boyes 