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

In this episode Scott discusses:

The markets had a terrific day yesterday. The 10 year treasury yield has gained 15 basis points in 2 days. The recovery in equities and the Treasury yields is largely based on lowering concerns that Omicron will cause tremendous disruptions. Travel stocks softened late in the afternoon yesterday as COVID-19 concerns remain material to travel. Bank stocks did well as they tend to rise with interest rates rising. China Evergrande had a payment default Monday. Bitcoin rose yesterday. Amazon Web Services had a serious outage yesterday impacting numerous firms. 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.