The Weekly Update 12/29/2023
Yes, 2024 could be a very happy New Year!
Never, in your life have you been able to say, “there is over $200 billion of manufacturing construction happening in the USA”, but very quietly there is!
Also, very quietly, the USA is producing 48% more oil production then Saudi Arabia. Yes, the USA produces 13.1 new BOE/day versus Saudia Arabia’s 8.8 BOE/day!
Thanks to technology and AI, business productivity has only been higher in 9 quarters over the last 23 years! (sans the Covid skew down).
- Jobs creations up, most who want a job have one.
- Energy costs are down.
- Production is nearly perfect.
Can only lead to the earnings (profits) of Corporate America hitting all-time highs, as in ever on earth!
As we enter 2024 and the cone head news people do their best to scare the crap out of you, try to remember:
- New York built the Empire State Building in 400 days.
- NASA was founded in 1958, and in only 11 years placed Neil Armstrong on the moon.
- The Covid vaccine was developed in less that 12 months. The prior record for creating a new vaccine was over three years.
- SpaceX has launched more rockets into orbit in the last 24 months than NASA has had crew flights in the last 65 years
Again, I did not say market valuations go straight up, and I did not say without volatility, yet this data flow, and many more, suggest the good old USA is just waking up from the post Covid hangover. This could be a 10 ticket ride up the net worth curve.
These are just more fact based and source cited data points that will keep The WSG Team continuing to add lower risk, lower volatility, and best-of-class investments to our client family’s asset allocations.
I’m interested in your thoughts, comments, and observations. Feel welcome to call, email, or stop by the office and say Hi.
James O. Lunney, CFP®
CERTIFIED FINANCIAL PLANNER™ Professional
Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments.