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Listen to the latest episode of the Emerald Wit & Wisdom Podcast (12/07/23)

 

Good morning.

An early mourning (intentional use of the word), as I am attending a funeral today … so I am trying to get this out before I get ready to run out the door.  Please forgive the typos.

While the S&P appears as if it will open with a small decline, tech stocks are showing an even greater drop as some of the “top weighted” names in the NASDAQ are showing signs of early session weakness.

I know I mentioned, maybe too many times, how much I like my Quest 3 VR headset and understand the hesitancy to pay hundreds of dollars for such a device … but I was surprised to learn in my overnight reading that Apple’s Vision Pro … its own VR headset … at cost of around $3,500 … has all but sold out due to high “pre-sales.”  I mean … we are talking about something on the order of 150,000 of these sold … no pun intended … sight unseen.  Will this finally catapult us into the world of VR … as I have incorrectly forecasted for years?  Or will this end up like the Google Glass … introduced in 2012 … which, at a cost of around $1200 now sits in a box in my garage after two unexciting uses?

Getting back to markets … we might see volatility in the afternoon for it is … ta dah! … “Fed Day” … and we will hear Jerome Powell announce to the world the present views of our central bankers (highly subject to change, of course).

On the subject of views … I figure it proper to give another reminder that tomorrow, Thursday, Feb. 1, Emerald will host its annual “Groundhog Day” event … where the main topic is “The Innovation Economy: Innovation Starts Small” … at which the new research “whitepaper” will be released providing “… compelling innovation-driven investment ideas within the small cap space.”  Registration can be found on the Emerald home page of www.teamemerald.com.

That about wraps it up for today’s abbreviated note.

I proofread this quickly and hope I didn’t make any errors as the “lasik” I had done a few years ago might soon need an adjustment.

I just hated wearing glasses, but really respect those who had them after I realized …

… they literally pay to see you.

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
cell: (856) 625-7915
wit@teamemerald.com
 #vaccinatetosave

A Look At The News January 31, 2024

As of 11:59 AM today

The guessing game regarding the Fed continues … and right now the most popular view is that they will take their sweet time in cutting rates (CNBC)

https://www.cnbc.com/2024/01/30/the-fed-will-cut-rates-fewer-times-and-start-them-later-than-market-hopes-according-to-cnbc-fed-survey.html

 

… for the reason is a strong economy … but this buoyancy isn’t being felt around the world as China seems to be in a bit of contraction (CNBC)

https://www.cnbc.com/2024/01/31/china-pmi-manufacturing-activity-shrank-for-4th-straight-month-in-january.html

 

How do consumers feel about the economy right now?  Pretty darn good … which is why spending continues, regardless of higher prices (APNews)

https://apnews.com/article/consumer-confidence-conference-board-spending-economy-ce87c4fed6f18ac92b0d915e7af7e828

 

While you might think it wise to trade off part of your salary to have a better “work-life-balance” the view in this article is to think it through … as it could have a negative future effect (USAToday)

https://www.usatoday.com/story/money/personalfinance/2024/01/30/pay-cut-work-life-balance-retirement/72372836007/

 

… and if you are reading how “expats” are comfortable in less expensive areas outside of our border, it might be worth your while to have an escape plan … just in case (USAToday)

https://www.usatoday.com/story/news/investigations/2024/01/30/ecuador-state-of-emergency-american-retirees/72367066007/

Today is a day for joy … as it is National Hot Chocolate Day!  That’s right … it might be cold outside but in your kitchen you have the opportunity for warmth in every cup (NationalHoliday)

https://nationaltoday.com/national-hot-chocolate-day/

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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.