Seymour Zises, President and co-founder of Family Management, writes bi-monthly opinions on issues and observations of relevance to clients and investors.
As Thanksgiving came and went, the stock market paused to reflect on higher interest rates and the arrival of the Omicron variant…and sneezed. The Federal Reserve has maintained asset purchases of $120 billion per month until their recent taper program. These purchases and the enormous federal deficit continue to pump up the volume of dollars
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.
