The pipeline is looking great!
Posted by Eric Skates on
It’s been a few days since I’ve posted. There hasn’t been a ton to write about quite frankly...
We’re off the highs in price for sure, but it hasn’t been an unexpected or violent move. In fact, if you extract that brief push way down on 2/10-2/12, we’ve traded in a pretty narrow range all month. It looked like we might really make a run at breaking above 1.84 this morning, but shortly after a pretty disappointing consumer confidence number, we got back to below 1.80 as stocks moved negative and bonds got the benefit of the risk off trade.
From my vantage point, the longer we stay up here, the harder or even less likely it will be to get there. I’d feel better if we closed February below 1.70.
Let’s finish the month strong Primers. The pipeline is looking great!
Philip N. Mancuso, Chief Investment Officer
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