Week of September 4, 2023
A sign at the train station in York, UK today reads “Industrial Action: This strike action will cause significant disruption….” Headline on the CNBC website dated 9/2/23 reads “Hollywood sheds 17,000 jobs in August amid ongoing strikes.” In Detroit, the UAW is threatening work stoppages at all Big 3 auto manufacturers. Labor shortages and artificial intelligence are set to collide – a factor that global economies will have to navigate. Our Signals remain unchanged.
Bob Bilkie, CFA