VP of Product Development Emerald Asset Management
Good morning.
There seems to be a lot of comfort this morning over FDA approval of yet another vaccine to combat coronavirus … especially surrounding the thought of a “single-shot” rather than having to go through the ordeal twice. Why? It seems that quite a few decide not go back for the second dose. But it is important as Wexner Medical tells us: “the first dose primes the immune system while the second dose induces a vigorous immune response and production of antibodies.” Maybe the word “vigorous” and word-on-the-street that the second one has more side effects are what keep quite a few from rushing back.
In addition to this bit of news, this morning’s positive action in stocks might also be driven by a report from Arbor Research claiming that … based on Google search activity … consumer economic concerns are easing. This, of course, might be due to personal income being boosted by one-time government checks and “elevated unemployment payments,” as reported in Daily Shot using FRED data.
But let’s face it … the stimulus programs provided quite a boost to Wall Street and Main Street … so maybe these payments should continue. I figure $2 trillion two or three times a year … heck, we’ll be $100 trillion in debt in no time, but that shouldn’t matter. It’s only money.
Of course, money is quite an aphrodisiac … as many new to the game are discovering. In this regard I was shocked to find a note authored by Robinhood showing that last year 200,000 new “crypto traders” were signed up each month on average. And so far this year through the first two months? Over 6 million.
Meanwhile … back to the vaccine for a moment … as Statista gave details of one report, in a survey taken the end of January, in which 48% of Americans feel the vaccine should be mandatory. You can be sure we will hear more of this in the coming months if it is attempted. And some of the comments won’t be pleasant.
On a final note for today, I added some health articles including the need to do exercise if you are sitting at a desk all day … along with the advantages of drinking green tea.
What I didn’t include was another important item I came across on the actual benefits of eating dried grapes.
Why do I feel the need to bring this to everyone’s attention?
Simply, it’s all about raisin awareness.
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 10:01 AM today …
Quick Look at the News
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First quarter profit estimates have been climbing and one group claims it is, so far, the second highest increase in the first two months of a quarter in almost 20 years (Factset)
https://insight.factset.com/second-highest-increase-in-sp-500-estimates-since-2002-for-q1 -
… as many companies are experiencing growth … but it is not only the “old guard” as some innovative firms (such as one creating lab-grown chicken) are gathering interest (CNBC)
https://www.cnbc.com/2021/03/01/eat-just-good-meat-sells-lab-grown-cultured-chicken-in-world-first.html -
Many college students are lining up summer intern positions … a great opportunity for job experience … and many are turning to nonprofits to get their feet wet (NYPost)
https://nypost.com/2021/02/28/college-students-turning-to-nonprofits-for-intern-opportunities/ -
As some areas talk about banning the sale of new gas-powered vehicles … some are going further than that … and will no longer allow new gas stations to start up (Axios)
https://www.axios.com/cities-ban-gas-pollution-fb61cf2f-9893-466f-9559-9c4d27bbc3b6.html -
Sure, we’ve seen pictures of hazmat-dressed people spraying sports stadiums, but this takes a lot of hours. What could be a solution? Send in the drones. (DNYUZ)
https://dnyuz.com/2021/02/28/want-to-sanitize-a-baseball-stadium-send-in-the-drones/ -
Are you sitting in your office all day … making indents in your chair? We know this isn’t healthy so here is an exercise guide to help undo some of the damage (FitandWell)
https://www.fitandwell.com/news/this-is-how-much-you-have-to-exercise-each-week-to-undo-the-damage-of-sitting -
… yet there is another thing you might want to add to your daily routine. Green tea .. at least, according to this article (HealthDigest)
https://www.healthdigest.com/340167/when-you-drink-green-tea-daily-this-is-how-your-body-changes/
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