Daily Market Recap (22 Mar 18) In this recap, we golf a funeral procession for Goldilocks and welcome the year of the Big Bad Wolf. Labor rates continue to thrive resulting in global reproving of risk. Corporate earnings released for the first quarter of 2017 have startled to trickle in. DC bluster about tariffs continues to take headline share but in practical terms it is immaterial and qualifies as noise. To be successful we must be right on three things: interest rates, inflation, and currencies.