Good morning. With a slight gain to start off the day, the S&P index hit yet another intraday high as the drop seen in April feels like a long, long time ago. But one very interesting note on Investors Business Daily grabbed my attention as it is pointing out how “non-profitable tech stocks” have been smoking (my word) those making a profit since that time … indicating that investors have embraced taking on risk in a big way. Invest in profitable companies? Hah! That’s for the weak. So much else is going on that it is kind of easy to forget a pretty important item that could drive markets in the next day … notes from the Fed meeting … as Chairman Powell enters a time in which some see him as a “lame duck” leading up to the end of his term. And action taken at the present meeting? CME Group puts the likelihood of a rate cut at a scant 3.1% How comfortable are you with using Artificial Intelligence? You might want to brush up as the CEO of powerhouse Nvidia feels “AI will create more millionaires in the next 5 years than the internet did in 2 decades!” That … my friends … is pretty powerful forecast … so brush up! I forgot to mention yesterday the first thing I noticed when watching the video of the passengers escaping the airplane fire in Denver. As many went down the evacuation slide it was quite obvious that some grabbed their luggage before taking the plunge … with some bags so large that it was obvious these were in overhead compartments. While it is fortunate that no one was hurt, it is worth viewing … especially since it was over a minute into the video before you saw some holding infants sliding down the ramp. Women and children first? Sure … after my Samsonite! Just a couple more items. Logos are important to organizations but one, Eddie Bauer (per last item below) found the need to change their famous signature logo because … get this … many of the younger generation are unable to read cursive. Thanks to computer use a large number of young-uns are only capable of understanding block letters … leaving them to stare at script as if it is some foreign language. This must drive nuns crazy! On a final note for today, I admit that I am a great lover of cheese … with thanks to Trader Joe’s for having such a reasonably priced selection. But my problem is what to do with the leftover cheese … as it goes bad after a short while. Important note: do not leave it … or put it … in plastic! There are better methods, including wax paper and storage bags that can be purchased online via Amazon. And cottage cheese? Don’t be silly. Even though it’s in the name, I don’t consider cottage cheese to be a cheese at all. It’s just a curd to me. Have a great day, Joseph G. Witthohn, CFA Have any questions? Please contact info@teamemerald.com
|
Call Us: +1 (800) 722-4123 
Back