Good morning. Stocks are little changed so far today, but traders might be resting up for what could be very interesting “after-the-market-close” moves as powerhouse Nvidia reports after the normal session ends. Why is this important? People are looking toward Nvidia for an indication of growth in Artificial Intelligence (“AI”) as the CEO gave a predication during the last quarterly earnings report that: “the next Industrial Revolution has begun,” and investors will try to determine if this “revolution” will continue to strengthen … or if it is starting to fizzle out. One good thing about the report is it will … temporarily … get many minds off tariff battles as the constant back-and-forth game of announcing and then delaying rates is getting a bit tiresome. Even so, the claim is that yesterday’s positive report on Consumer Confidence is a direct result of this weekend’s White House announcement that the announced EU tariff will not take place until early July … leaving enough time for arm twisting (my comment). But there is one immediate concern as Daily Shot tells us that container ship departures from China “has yet to rebound” … and since it takes 2-4 weeks to go from China to the West Coast (and 3-5 weeks to the Eastern ports), there could be a few shortages in the weeks ahead. Okay, enough of that. What really got me going was the last article below about those of us able to become “centenarians” … by living the age of 100! What? 100-years-old? It is not as impossible as it might appear, as the claim in the article is that a healthy couple where both retire in good health face a 20% probability that one will reach that age. And therein lies the problem. While many plan to retire as late as they can, the fact is that 62 is the median age where people retire. And, based on this, here is the statement that many find scary … this would mean an individual retiring at 62 and living to 100 … might be surviving for 38 years, without the income they were accustomed to getting. Will social security cover all expenses needed? Probably not … it isn’t intended to. Starting retirement planning early … very early … is key. That’ll about wrap it up for today as I pick up this book on my table and continue my search for Waldo. I often wondered why Waldo always wore stripes, but I just realized … … he probably wears stripes because he wants to avoid being spotted. Have a great day, Joseph G. Witthohn, CFA Have any questions? Please contact info@teamemerald.com
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