Remember, the only choice is optimism, the pessimists never get it right.
This is beginning to sound like a broken record, but the equity markets continue to set new record highs. Corporate earnings also continue to beat estimates with Walmart reporting this week. For the most part, 2QT earnings is history. Underneath the hood, the net margins are also reaching new highs.
With that fact in mind, it would be no surprise if the growls from the BEARS might start roaring through the airways, radios, and newsprint. There are plenty of "Chicken Littles" that will gladly tell us the sky is about to fall.
However, there are a few voices, one of which I follow, that tell us earnings estimates going forward are too low. Combine that with the fact that the federal unemployment payments that compensate people more to stay home than actually working will eventually runout and a ton of job openings should lead to a growing economy. The only fly-in-the-ointment is the possibility of policy changes. (Read tax increases and increased regulation)
If possible, I always try to include Permanent Life Insurance into any financial plan. By combining actuarial science with asset accumulation, our retirement picture can begin to take on the look of at least dealing with some guarantees in our plans. A friend of mine emailed me a link to an article talking about just that. You might want to click on the link. I hope you enjoy the article.
Lots of the news last week was about the Covid-19 Delta variance. Sometimes it's difficult to stay focused so we always need to keep working on that. As always, should you have any questions or wish to meet with or talk with me, please don't hesitate to email, or call. I hope we all have a super week.