Flight #49: The Story of a Father, The Markets Have No Memory and the Obsession with Recessions

Airline News Delta Airline Pilot Contract Updates: https://www.cnbc.com/2022/12/03/delta-pilots-would-get-more-than-30percent-in-pay-raises-under-new-contract-deal.html The agreement includes an 18% increase on the day the contract is signed, then a 5%  increase one year later and two 4% raises in each of the following years. It also includes  a one-time payment of 4% of 2020 and 2021 pay each, plus 14% of 2022 pay. Being a Father:  https://vitaliy.substack.com/p/being-a-father?utm_source=emarketing&utm_medium=email&utm_campaign=cid75618&utm_content=emailid143539  People have memories – markets do not.   "One of the best things about markets is that they don't have memories. They don't remember  what happened last week or last year. They don't even remember what happened a minute ago.  Prices change based on what's happening right now and what people think will happen in the  future." ~David Bood, Chairman and Founder of Dimensional.   https://www.dimensional.com/us-en/insights/people-have-memories-markets-dont?utm_source=linkedin&utm_medium=organic&utm_campaign=  Obsession with Recessions: https://seekingalpha.com/article/4547443-the-recession-obsession Other resources:   Why can't we time the market before a recession?  Flight #43 Myth vs Fact in Down Markets. What the evidence says with Apollo Lupescu,  VP Dimensional  Here what Kevin and Charlie say about a "Dead Cat Bounce"! https://youtu.be/oI-DqJfD6Ho