Phil Grossfield's Blog

I love me a Renaissance Festival…ever since I was a young one this Festival in Minnesota was one of my favorites. I loved the outdoor setting, the jousting, the archery, the outfits, the shopping, and the robust attitude of the actors. I liked to imagine I lived back in those times…what fun! But more than anything I loved the food. There were plenty of options as you walked around the fields. The one thing that sticks out in my mind was the popovers. Seriously, they had the best popovers in the world and this is coming from a Jew who grew up on popovers. To be fair, I’m pretty sure the popovers at the Minnesota Renaissance Festival was not following Passover rules, but man they were good. I want one five right now!

I had a great time at the Escondido Renaissance Festival yesterday. The kids had fun too watching the little acts and getting tattoos, pictured to the left. But the food choices were limited and unimpressive. Whomever planned the event obviously doesn’t understand what attracts people to fairs and the like…yes, it’s always the food. We are gluttonous Americans and when we return from the fair we take pride and joy in boasting about all we ate. I can take no such pride nor make no such boasts. So if you’re reading Escondido Renaissance Festival planning committee, which I highly doubt you are, get many more food options and many more vendors. The boasting will serve you well.

My Market Watch:  Pricing is the same as Friday and there are little reports this week. When the economic reporting is light, traders look to other sources to decide whether to buy stocks and/or bonds. Any local or geopolitical news that could be interpreted as affecting the economic markets will be taken into consideration. The only other thing they look to are the technical signals, meaning, the trends over the last 200 days of how bonds have been bought and sold. The trends are commonly referred to as “moving averages.” If you recall, my Glass Elevator Analogy speaks to this…traders often buy and sell bonds based on the bonds past behavior, and they use the Glass Elevator Analogy to predict when to buy and sell. Let me know if you’d like to discuss….

My Schedule:  I have an appointment this morning at 9:45 that should last until about 11:30a. I will be available the remainder of the day.  Please note, I rarely answer my phone before 10:30a as I use this time to catch up on the previous day’s business and prepare the remainder of the day….

Walk With Me For A Cure for Cystic Fibrosis. Our family is walking again this year to find a cure for CF, a life-limiting illness. We walk for our friends pictured, Ashton (age 11) and Lola (age 7). The average life expectancy of someone with CF is 37…let’s change that! Click here to donate or join me and walk with my family on May 19th…email me for details. Every penny helps find a cure. THANKS!