How do you comment on a week like last week and what it might mean for all of us going forward? I normally write the copy for the email on Saturdays and last Saturday, I was writing while a couple of US astronauts were launched into space from US soil on equipment built by a US private enterprise while rioting erupted across the nation prompted by the atrocious, senseless killing of George Floyd by a cop that actually looked like he was enjoying it.
Economically speaking it was a great week for the equity markets, especially when the jobs report came out early Friday morning. With the economy showing signs of raising from the dead, the suggestion, with such an overwhelming response, is that the economic recovery is underway and could be much bigger and quicker than the consensus. Personally, I believe it’s going to happen but not as quick as some hope. America is an unusual place in that, when the powers of the free market are finally unleashed, great things happen.
As far as the on-going protests and riots are concerned, Jean & I are very concerned about our country and pray for it every day. I do not think I’m wise enough to offer solutions to the problem of racism in this country, but I do believe that this may be the time when America comes together and really moves to a more equal society. My heart is truly saddened, when a person of the law puts his knee on another person’s neck chocking him to death and 3 other people of the law stand around and watch.
As always, should you have any questions or wish to talk, please don’t hesitate to email, or call me. I would also appreciate any feedback you might want to share about our current crisis. So, as we head out this week, let’s all look for opportunities to reach out and help someone or somewhere to make our worlds a better place.
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.