With Jean out of town for the weekend, I had dinner with a couple of long-time friends Friday night. We hadn’t seen each other in quite some time so it was good to catch up, laugh, and just plain enjoy ourselves. Unfortunately, dinner ended, and we had to head back into the real world.
With the increase in Covid-19 cases and deaths, it appears that a “V” shaped economic rebound might not happen. That could change with news of a successful vaccine or a very strong treatment program. Hopefully, the scientists will determine that, not the politicians.
Equities were mixed again this week with the NASDAQ & the S&P 500 up while the DOW was down marginally. The big drivers of the equity gains for the past several weeks has been the technology stocks with the big techs such as Facebook, Amazon, Apple, Netflix, and Google, commonly called the FAANG stocks, leading the way. I didn’t get a chance to listen to any of the questioning these company CEOs had to face before Congress, but I did see highlights of the attorney general’s testimony. It seems hard to believe but I think Congress hit a new low on that one.
I’ve attached a couple of articles that might help us all move forward in a positive manner no matter what our “New Normal” might look like. I want to quote from an article that appeared this week in the Wall Street Journal titled “Free Markets and Meaning in Life” and I quote, “A growing body of behavioral-science research indicates that believing life has meaning helps individuals thrive. People who view their decisions as existentially weighty cope better with stress and tragedy. They also live longer and healthier lives.” I hope you enjoy the articles attached and would love to hear from you about them or any other topics you might want information on.
Since I don’t make predictions, I’m not sure how and where this is all headed but continue to focus on equities for the long haul As always, should you have any questions or wish to talk and/or meet with me, please don’t hesitate to email, or call.
PS: This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.