This week’s Market Update is posted and includes the following;
The title of this week’s update is a play on Monty Python and the Holy Grail describing the retail group which had been given up for dead. But when measured by one of the large industry ETFs, it has actually done quite while over the last month gaining 450 basis points more than the S&P 500. Last week the space got something of nudge when it was announced that one of the large, high end retailers was considering going private. We’ve gone over the creative destruction underway in the space and while the digital e-tailers appear to have the upper hand, it makes sense to think there will be at least a few “old line” retailers that figure out the internet to the point of being very competitive.
Please click through to read the entire update.
We took a quick road trip over to New Mexico to visit Santa Fe, Taos and a few other things including a couple of great national monuments.
The Taos Pueblo
Los Alamos County Fire Department Station 3 in Wind Rock. For fire truck nerds, this is actually a type 4 despite looking like just about every type 3 I have ever seen. Stunning rig.
We bought a highway sign from North Dakota that lends itself to doing some very neat things. The white and black in the upper left is the original picture.