AUTHOR: TOWNE SCHERER.COM/BLOG1/18/2019: TowneScherer Private Wealth Management BLOG:
Market Volatility this Quarter
7.4 % is the current implied move a stock could experience on the day of its quarterly earnings announcement, says CNBC 1/14/2019. Importantly, data shows that this is the highest the implied move has been since the financial crisis. This could make for a volatile earnings season this opening quarter of 2019.
Massive Job Losses to Robotics
800 million jobs worldwide may be lost to robotics by 2030, reports Fortune 11/29/2018. Closer to home, the US may see 73 million jobs replaced with automation, according to USA Today, 11/28/2017. Nevertheless, coauthor, Susan Lund, of a McKinsey Global Institute study 1/2017, believes there will be jobs to replace most of the ones lost; Which begs the question....what and where will these jobs be?
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The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.