icon icon
person
Click here to have Wit & Wisdom sent directly to your inbox

 

Listen to the latest episode of the Emerald Wit & Wisdom Podcast (06/12/24)

Good morning.

Pressed and stressed today, as I am in Las Vegas … and never do get used to the three-hour time difference. Going to bed after midnight here (those darned casinos) completely threw off my biological clock … and I know I will pay for it dearly when I get back to the comforts of home later in the week.

The big news coming out of CES was probably a new computer announced by the CEO of Nvidia … and one article below classifies it as being: “1,000 times more powerful than a laptop.”   On top of that, the size is that of a small book with a starting cost of around $3,000.  I really don’t know where to go with this as it will take a little time to absorb what it all means … and to what degree it will benefit you or me … or if it is needed at all.

What I found interesting was an initial write-up on the topic which talked about how the stock price would certainly continue its rise.  Well … funny things happen sometimes and following a decent rise at the open today, the stock quickly reversed course and now is facing a sharp decline.  I will never be able to figure this game out. I think I need a supercomputer. Thankfully, I now know where to get one.

Along with the decline of this tech leader, others seem to be following suit, driving the tech-heavy S&P into negative territory today. There are a lot of things going on right now … with the CES show this week … the Inauguration (and the drama that brings) in less than two weeks … and then the Fed.  At the very least, the rest of January promises to be exciting.

On a final note for today, the last story below is … well … troubling … as the FDA is requesting manufacturers limit the amount of lead in baby food.  No, I did not accidentally combine two stories here and am shocked to read it.  On top of that, bringing amounts down is voluntary … not mandatory. I would like to suggest that the label on the jar of baby food in the supermarket should be changed to read Chicken & Rice & Lead.

Maybe that will get the attention of parents.

I need to sign off, shower (too much information?) and get to this event that opens in about an hour.  And in the meantime, I keep getting worrisome texts from home.

It seems crime has picked up in my neighborhood as a nearby German Bakery was broken into last night.

Many of the cakes were stollen.

Have a great day,

Joseph G. Witthohn, CFA

Have any questions? Please contact info@teamemerald.com

A Look At The News | January 7, 2025
As of 11:52 AM today:
Job openings are in the news again … but it seems to be more of the same we have seen in the past year … as companies are still looking for workers (APNews)https://apnews.com/article/jobs-openings-labor-7170e489215c2f593fbaffcd993d59c2

 

Online holiday spending was up this year … as … to be frank … it has become pretty easy to just press a button and immediately grab what you want … with little thought required (CNBC)..

https://www.cnbc.com/2025/01/07/online-holiday-spending-rises-with-discounts-ai-chatbots-adobe-says.html

 

One of the most highlighted stories surrounding this year’s Consumer Electronics Show has to do with a new computer … which will be eons more powerful than what you have now (LiveScience)

https://www.livescience.com/technology/computing/nvidias-mini-desktop-supercomputer-is-1-000-times-more-powerful-than-your-laptop-and-can-fit-in-your-pocket

 

… but with the new computer (at a starting cost of $3,000) comes a dilemma … as it is easily affordable for some … and out of reach for others. Will the economic gap widen? (NPR)

https://www.npr.org/sections/planet-money/2025/01/07/g-s1-41290/what-americas-top-economists-are-saying-about-ai-and-inequality

 

Delaware has rejected it in the past, but here it comes again … as a proposal for physician assisted suicide is being considered (WHYY)

https://whyy.org/articles/delaware-physician-assisted-suicide-eric-morrison/?utm_source=flipboard&utm_content=topic/u.s.politics

 

Good news … I think … as the FDA is going to limit the amount of toxins allowed in baby food. Let that one sink in for a minute. What? (ABCNews)

https://abcnews.go.com/Business/wireStory/fda-limits-toxic-lead-baby-foods-117391290

———————————————————————————-

The statements above are supplied for educational purposes only. The statements depict the viewpoints and opinion of the author and are not necessarily the views of Emerald Asset Management or its affiliates. The information described herein is taken from sources which are believed to be reliable, but the accuracy and completeness of such information is not guaranteed by us.