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

Good morning.

Stocks are down this morning as some of the air in the “things-are-improving” balloon has seeped out with employment numbers that are certainly nothing to celebrate.  While a single aspect of a report is usually easy to discount, today there were a few items which could be causing some investors a bit of concern.

The initial jobless number for last week was troublesome enough … but the number reported the week before had an upward revision and continuing claims also moved higher.  These certainly took analysts by surprise.

But the winter storm … and the resulting chaos in places such as Texas … might, ironically, end up helping the next few reports … as a lot of people (skilled and unskilled) might need to be hired to help clean up the damage.

Another bit of concern (not to be a “Debbie Downer”) is noting the amount of refineries in the Southern region temporarily closed.  This could have quite a short-term effect on gas prices.  Of course, my statement reminds me that I am soon to take a course related to proper behavior in the workplace of today.  I hope I don’t get called on the carpet for characterizing Debbie this way. 

There is some good/bad news regarding the virus.  Growth in cases in the U.S. are declining as are the daily number of deaths.  Is this because of the vaccine … people being more responsible … or just the normal course of the disease?  It is unclear, as you might suspect states with “looser” rules would have a statistically higher number of problems … but this does not seem, right now, to be the case.

Meanwhile, I have my own problems.  I had to go out last night for a few minutes and, getting dressed, realized some articles of clothing are getting a little … shall we say … tight.

It seems time to, once again, move the laundry off the stationary bike and treadmill and be a bit more careful about what I eat.

I was going to try this Mediterranean Diet … but I started shopping and it was too expensive.  I mean almonds are incredibly costly to buy and I don’t understand why.

It’s just nuts.

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
cell: (856) 625-7915
wit@teamemerald.com
#flattenthecurve

… As of 11:30 AM today …

Quick Look at the News


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