Since Cinco de Mayo was just last week, I wanted to pass a bit of trivia and personal opinion to you.
Many of you may know that I am married to a Mexican, so I have the intel on Mexican history! Cinco de Mayo (5th of May) was the day that the Mexicans beat the French in Puebla. After previously fighting in the Veracruz port (over money that Mexico owed to France), the French moved westward on the way to the capital to collect! They were cut off in Puebla, and the Mexicans prospered. The French went home, and forgave the money owed.
Not to downplay this important victory, but the REAL MEXICAN HOLIDAY that they celebrate (similar to our July 4th), is the Independence Day from Spain in 1810 - the 16th of September (Diez y Seis de Septiembre!) Trouble pronouncing ? EXACTLY......that is my theory, that the gringos celebrate Cinco de Mayo because they CANNOT PRONOUNCE Diez y Seis de Septiembre, or Veinte de Noviembre, or Veinte Cuatro de Febrero....all more important holidays in Mexican history by the way!).
In the Markets:
With weaker than expected wage gains , bonds recovered some recent highs, and mortgage rates eased up a bit! Read more here!
Happy Mother's Day to all of you Mom's out there!!!!!!!!!!!!!!!!!!
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