Remember, the only choice is optimism, the pessimists never get it right.
Several months ago, I wrote about a batch of letters economists and various talking heads might use to describe how the U.S. economy might look like on a graph. What we’re seeing is the “V” shaped recovery wherein the economy dropped pretty significantly and recovered in a like manner. While millions of American citizens are still filing for first-time unemployment benefits, the percentage of unemployed is dropping. And the equity markets are still setting all-time highs. (The attached article is a good summary.)
One of the reasons for the quicker than expected recovery was the synergy created when government and private industry worked to create a vaccine in the quickest time in history. President Trump labeled it “Warp Speed”. Say what you will but it worked, and we now are vaccinating the U.S. population at a rapid rate. Now, we just have to hope that the government doesn’t gum up the works.
Speaking of ingenuity, we are about to witness an out-of-this world experiment when “Ingenuity”, a small helicopter that was attached to the new Mars rover, Perseverance, will attempt to take flight on the surface of Mars. Mar’s atmosphere is only about 1% the density of Earths. The last time a flight that lasted just a few seconds took place, right here in North Carolina, the world changed. So, have some enjoyment reading this article, maybe even with kids or grandkids. If successful, Ingenuity’s flight might also change the world.
As always, should you have any questions or wish to talk, please email or give me a call. Now, go out and make it a great week.
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.