Joseph G. Witthohn, CFA
VP of Product Development Emerald Asset Management

Good morning.

Another day, another record … and this time it is all three of the major U.S. averages (S&P, Dow, Nasdaq) participating. Of course, we always look for reasons for market moves (in either direction) and a perceived improved situation with Chinese trade and an uptick in home prices might be catalysts driving investor moods today.

There are a couple of flies in the ointment (aren’t there always?) as there was a report telling us that the consumer confidence balloon might be developing a slow leak … as the index dropped for the fourth consecutive month which might show … according to CNBC … slower economic growth as we close out the year. Comments by the Dallas Fed President (second note below) add to this view, as he classifies this quarter as “weak.” So let’s get Christmas shopping. Help the economy!

The Tesla truck situation has a wrinkle that may be developing that I find rather exciting. It seems Elon Musk posted a video of a “tug-of-war” between the new Tesla Cybertruck and a Ford F-150 … and the Tesla. Well, the possibility exists that the F-150 did not have its full battle gear on … the tires might not have had equal tread … and the Ford might not have been “All Wheel Drive” … as the Cybertruck was. So what does this mean? A tow off! I can just imagine this … as … it could end up as a Geraldo Rivera event as exciting as the 2-hour “live TV” opening of Al Capone’s vault in 1986.

Another bit of news has the World Meteorologist Organization telling us (below) that carbon dioxide in the atmosphere reached a record high. It seems that, like plastic, this will only increase as time goes on. The effect on us remains debatable but … also below, citing the UN … alarms appear to be getting louder.

On a final note … how do you want to be remembered? Typically, someone dies … leaves money to a family member … and they take these funds and buy a new car or go on vacation(s). Is this what you really saved for? There is now a movement towards insurance that targets funds for specific wishes when you die. Do you want a case of great wine to go to a friend … or a playhouse to go to a niece or nephew … or even a statue of you to be sent to your ex? You can make it happen by planning ahead.

On a final note I have to try to figure out how to lose weight over the holidays. Is that an impossible task?

Not only are my clothes tight, but I got a strong hint this morning as I was on a sidewalk and bent down to tie my shoe.

Someone tried to park their bike.

Have a great day,

Joseph G. Witthohn, CFA
Vice President
Emerald Asset Management PA, LLC
610 Freedom Business Center Drive
King of Prussia, PA 19406
Direct: (610) 285-9905

… as of 11:49 AM today …

Quick Look at the News


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