Seymour Zises, President and co-founder of Family Management, writes bi-monthly opinions on issues and observations of relevance to clients and investors.
In many ways, the pandemic created a fantasy. At the height of the pandemic a little over 20% of the U.S. population worked from home. That number has since doubled, and this trend may be here to stay.
If you want to know what can kill the party in the stock market, look no further than China. The recent crackdown on educational for-profit companies, the Ant Financial regulatory issues and the Hong Kong clampdown have sent shudders throughout their markets.
HERE WE GO….. We are about to witness the most unusual presidential election of our time-maybe ever. Approximately one half of all votes will be cast on paper via U.S. mail. Couldn’t Amazon have done this whole thing better!? Regardless of the outcome, the next few months are apt to be volatile both in stock and currency markets.
Four of the largest US companies, responsible for providing life-saving products and services throughout the pandemic, testified in front of Congress today. It is a shame that there is not better cooperation between the private and public sector to help the government solve our national problems.
It’s been 30 years since Andrea and I founded Family Management Corporation. We are as excited about our business today as we were in 1989. I’m proud to say that our original mission continues today.