Stocks are in slight positive territory to start the day but it seems the jovial mood of investors has been put on the shelf for now. I don’t know, maybe it’s just me (and my own sour mood) as I just received a call that a financial firm that I work closely with is sending workers home until January … as some in their office (even among the vaccinated) … tested positive for the Delta variant.
There are, however, some looking beyond this phase and look for economic activity to “re-accelerate” … as CNBC reports that JP Morgan strategist Dubravko Lakos-Bujas is calling for the S&P to reach 4,700 by the end of this year … which would be around a 5.5% gain in just over 3 months. Let’s hope he is right.
Daily Shot shared reports this morning that many companies want to hire workers … but openings right now are “hard to fill.” While the differential has long been the result of too-few applicants, NFIB is seeing the biggest concern as finding “quality of labor.” . Let’s face it … if someone as untalented as me fixed your car, you would be a danger on the road. It is, of course, important to put a qualified person in the right role … and right now it appears that qualified workers are in short supply.
The world is crazy enough right now and we don’t need something to add to it … but the second story below struck me … as it seems some young families are trying to time the birth of a newborn so that the child falls under the right sign of the Zodiac. I scan so many headlines and try to grab the ones that certainly stand out. This one definitely meets that qualification.
One of the things I enjoy doing is looking toward the future and thinking through what interesting technology or change in the environment we can expect to see. In doing this I also come across some disturbing items that could have a negative effect on many of us.
One worry comes from the first article below that claims 41% of Americans say they will not have enough money to retire. I don’t know how these surveys are done, but I would suggest to ask this question of someone while they are sitting down drinking a $12 Appletini. Many will hate me for being cynical, but investing for the future is a long and tedious process. Sure … enjoy life while you can … but don’t overindulge at the expense of your future self. Sorry, I’ll get of my soapbox for now.
Maybe I am jealous as younger adults just seems to be having so much fun … but I heard of a way to get even.
All we need to do is switch everything to cursive and stick-shift cars.
We would debilitate an entire generation
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 11:51 AM today …
Quick Look at the News
There appears to be a bit of a tsunami heading our way if almost half of Americans do not have enough to retire. Planning and preparation must be done early (CNBC)https://www.cnbc.com/2021/09/14/36percent-of-americans-say-they-wont-have-enough-to-retire-report-finds.html
… but planning can go a bit too far. It seems that some are timing pregnancies so their kids are born with good zodiac signs. What? (DNYUZ)https://dnyuz.com/2021/09/14/people-are-timing-their-pregnancies-to-get-kids-with-good-zodiac-signs/
Normally, observations towers are unattractive and kind of take away from the beauty of the scene in front of you. The one about to open in New York seems to be an exception (NYPost)https://nypost.com/2021/09/14/new-skyscraper-observation-deck-takes-the-crown-for-best-view-of-new-york-city/
Many worry about greenhouse emissions and wonder what can be done. Well … you could stop eating … as food production contributes greatly (News18)https://www.news18.com/news/buzz/food-production-contributes-to-one-third-of-all-greenhouse-emissions-4205540.html
… and … speaking of food … some scientists claim that overeating is not the main cause of obesity as they point out carbs as the culprit (TheBrighterSide)https://www.thebrighterside.news/post/scientists-claim-that-overeating-is-not-the-primary-cause-of-obesity
How do we slow the Covid spread? Make sure to be tested and … by all means … stay at home if you feel even a little “off.” If any doubt … get tested … and keep some home kits handy (NPR)https://www.npr.org/sections/coronavirus-live-updates/2021/09/14/1037077480/an-epidemiologist-says-at-home-testing-is-key-to-stopping-covid
The statements above are supplied for educational purposes only. The statements depict the viewpoints and opinion of the author and are not necessarily the views of Emerald Asset Management or its affiliates. The information described herein is taken from sources which are believed to be reliable, but the accuracy and completeness of such information is not guaranteed by us.