Good morning.
Winter seems to be behind us and with nicer weather in front of us … but investors are starting to feel sunny skies might not lie ahead and investors so far ahead are starting to feel as if they are in the middle of a storm.
The tariff debacle (and yes, I am purposely using the word) is in the thoughts of many right now and … while we are told “great wealth lies ahead” and our economy is only in “transition” … it doesn’t make investment losses and job worry any less worrisome.
Did you ever watch those “slap fights” on television where each contestant takes turns slapping each other until one can no longer continue? We seem to be having a slap fight with Canada right now amid strong resilience on their part … with stores removing U.S.-made goods from shelves and Canadian travelers cancelling U.S.-bound trips in droves. While the present tariff skirmish will end at some point, there is concern that the relationship between our countries has been damaged … and like a few slap-fight combatants … the scars might take a very long time to heal.
Meanwhile, some are starting to get angry and take matters into their own hands … and I don’t mean at Town Halls, which can be avoided.
DOGE (Department of Government Efficiency) makes obvious sense … since waste … whether government, corporate or personal … should always be reduced. But quick … and sometimes questionable … unpopular actions by Elon Musk are traveling beyond Washington and people are taking it out on his company, Tesla.
This weekend, 7 Tesla charging stations in the Boston area were set ablaze. In France, a dozen cars were set on fire. I mean … consider that one of the biggest things holding back EV ownership was “range anxiety.” Well, if Superchargers along main routes are not functioning … at least temporarily or even imaginary … that would only add to the angst. I just hope they don’t start vandalizing cars here in the U.S. … or I’ll have to clear up some clutter and keep my car in the garage.
The other item has to do with food.
While eggs are a different matter entirely, I am noticing more types of produce suddenly unavailable or in limited supply at both of my local haunts (Wegmans and Costco). I mean, it wasn’t one or two items, but quite a few more. And Costco to be completely out of bananas? Is this a sign of things to come?
That about wraps it up for me today as stocks are still down and I can’t wait to walk … or maybe even run … away from my computer.
Besides, I have to go to the supermarket and get certain things before they are no longer available.
… as I try to figure out just one thing
… just where can I buy good Canadian Bacon?
Have a great day,
Joseph G. Witthohn, CFA
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