Week of August 8, 2022
A status quo week, last week. No changes to Signals. Senators Schumer and Manchin negotiated a bill that left both sides of the political spectrum scratching their heads. Increased taxes and more spending. Less than Build Back Better, but more than Republicans wanted. Will there be tangible benefits or was it mostly for optics? Taiwan is in China’s noose, just awaiting Ukraine’s fate. But, bull markets climb a wall of worry. Artificial intelligence and big data are starting to make their presence felt (see www.openai.com). It is important to not get too mired in negative minutia.
Bob Bilkie CFA