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Thank you Santa

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You may or may not have noticed, but Santa has done some solid lifting since our last update on December 19 and pushed stocks higher. The end result was that the SSR portfolio is up 0.4% while the benchmark iShares Dow Jones U.S. fund (IYY) is up 0.2%. Oil continues to be a theme as it has declined into the mid-$50-per-barrel range. Consumers are thrilled at the gift of lower gasoline prices courtesy of Saudi Arabia, who refused to approve production cuts at the last OPEC meeting. How long these prices can last or whether they can go lower, we do not know.

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