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
Emerald Asset Management PA, LLC
610 Freedom Business Center Drive
King of Prussia, PA 19406
Direct: (610) 285-9905
cell: (856) 625-7915
As of 10:44 AM today …
Quick Look at the News
Have you become accustomed to take-out dining? Even fast food lovers might need to polish up their skills as major chains might be halting the indoor experience again (TheDailyAficionado)https://thedailyaficionado.com/mcdonalds-others-are-considering-closing-indoor-seating-amid-u-s-delta-surge/
… and if things continue as they are we might never physically need to be together again … even at work … as the “metaverse” might be a bearable improvement on Zoom calls (BBC)https://www.bbc.com/worklife/article/20210826-can-holograms-and-avatars-replace-zoom-video-calls
Other than the absence of important physical social interaction … one side effect of lockdown … even if not full … is weight gain. And our kids are suffering (DNYUZ)https://dnyuz.com/2021/08/29/child-obesity-increased-during-covid-19-pandemic-study/
… and it is not only the kids … as adults sadly realize the scale doesn’t lie … and find the need to shed a few pounds or they might be unrecognizable when they do return to the office (NYPost)https://nypost.com/2021/08/30/peloton-fasting/
There are, of course, many problems with aging … and one of these is the difficulty in making new friends. It should be noted, however, that this can be done (Shondaland)https://www.shondaland.com/live/family/a37408624/why-making-new-friends-is-harder-as-we-get-older-and-how-to-do-it-well/
It is an old story … not entirely true, perhaps … that IKEA furniture is sometimes seen as temporary for those starting out. But don’t discard the old stuff. IKEA will buy it back (DNYUZ)https://dnyuz.com/2021/08/30/ikea-is-launching-a-furniture-buyback-program/