The only exception was that the blood pressure of several House of Representatives members could be seen rising from a distance. Otherwise, it was a somewhat normal week.
There is good news on the economy with new unemployment applications at a 50-year low. Earnings have exceeded expectations although the bar was set pretty low. The federal reserve board continues its neutral position on interest rates and China seems to be stabilizing after a massive stimulus by the Chinese government. The 3 major indexes are inching toward their all-time highs from last fall and Wall Street runs on expectations. The article attached is informative with less than 6% of all fund managers expecting a recession in the near future.
I also added an article about a coming “Giant Leap” headed our way. Moving to 5G networks appears to be such a jump in capability it’s hard to get your head around it. I’m still not smart enough to use my smart phone to its total possibilities let along having to learn a whole new level of complexity. The article attached gives you a good idea of what could be ahead for all of us in the not-to-distant future.
Finally, when I weighted in Monday, I had dropped about 6 pounds from the start, which was 2 weeks. I feel a little better, but I had to pass on Jean’s carrot cake at a celebration of life we had for one of our friends that had passed away. That was tough. In the meantime, should you wish to talk or meet with me, please give me a call. Always remember, investing has risk and past performance is no guarantee going forward.
Have a super week!