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

Good morning.
It seems I am able to start off every note recently with the statement: “the S&P hit another new high earlier today,” for this scenario seems to be playing out on a daily basis … as it did again this morning.

Many are wondering how this can be. After all, the virus has not only resulted in “mandate wars” across the nation, but the “delta surge” has a few fast food locations once again shutting down indoor dining.

Speaking of which … before I move onto my main topic … I made sure to include stories on the increase in childhood obesity (due to staying indoors) and adults starting to panic as they realize a return to the office would mean fellow workers will see just how many additional pounds they might have added since they last got together.

But now for the meat of today’s note …

There are very few things that excite me … but some of the stuff I am seeing in terms of what is known as the “Metaverse” fall firmly into this camp.

I will try to give a poor explanation.

We have Zoom … in which we are able to chat with others. Okay. Yawn. But imagine a situation where we don a headset and immediately “see” ourselves surrounded by friends or fellow workers in one of a variety of environments. Our chats are “live” and our gestures are true. The avatars (or animated depictions for now) can appear close to our physical appearance if we choose to do so … and can even make us appear thinner, prettier … or, at least, less unkempt. The clothing we wear can be quite fashionable (an industry in itself).

This is more than a fantasy. For those who use Oculus 2 VR headsets, there are already locations where you can get a vague understanding of all this (“BigScreen”).

I know I am off on a wild tangent this morning … but this type of thing is happening fast. I just wanted to make you aware.

Some will hate such rapid change … for it is happening maybe too fast … and I myself am tempted to just shut everything down, go rustic and move to a cabin in the woods.

But as much as I am tempted to do so, I realize I just can’t Thoreau my life away …

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
#vaccinatetosave

 

As of 10:44 AM today …

Quick Look at the News


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