In focus this upcoming holiday week, we take a look at\ncurrent events and trends that we believe are influential in today\u2019s market\nsuch as:<\/p>\n\n\n\n
Despite Supply Chain\nand Inflation Worries, U.S. Consumers Spend Big \u2013 <\/strong>Anyone who has read or seen the news in the past couple of weeks\nhas no doubt encountered stories about the supply chain crises and inflationary\npressures. The coverage has been virtually end-to-end. While issues very much\nexist, it seems there may be a gap between the perception of the problem and\nthe reality of it. The October retail sales report showed U.S. consumers spending\nin droves, with sales at retail stores, online sellers, and restaurants rising\nby 1.7% month-over-month in October, according to the Commerce Department. Sales\nin most categories are back above pre-pandemic levels. Some of the biggest U.S.\nretailers, including Walmart, Target, and Home Depot all reported\nbetter-than-expected Q3 earnings and also reported that shelves are stocked in\nanticipation of the holiday shopping season. While there are certainly\nshortages and tight inventories in some parts of the economy, there is a\nreasonable counter-argument that a perceived lack of goods and services may be\nslightly overblown. If the worries and concerns over the supply of goods are\ngreater than the actual scope of the problem, that\u2019s potentially bullish for\nstocks, in our view.1<\/sup><\/p>\n\n\n\n ______________________________________________________________________________________________<\/sup><\/p>\n\n\n\n Do You Have Enough Money for a Comfortable Retirement?<\/a><\/strong> Here\u2019s why. Knowing your net worth now can help you make the best financial choices that fit your future. Especially for those who are planning for their retirement, we recommend that you become aware of your net worth for a better chance to live it out comfortably. ______________________________________________________________________________________________<\/sup><\/p>\n\n\n\n $1 Trillion Infrastructure\nBill Becomes Law \u2013 <\/strong>President Biden signed the infrastructure bill into law on\nNovember 15, which \u2018paves\u2019 the way for significant investment in traditional\nforms of infrastructure, like roads, bridges, the electrical grid, rail, water,\nand broadband. The $1 trillion price tag represents $550 billion in additional\nspending above projected federal spending for roads, bridges, etc.3<\/sup>\nEven still, this level of spending marks the largest investment in\ninfrastructure in over a decade and should provide modest tailwinds for\neconomic activity and growth. Among the key spending provisions in the bill\nare: <\/p>\n\n\n\n U.S. Industrial\nProduction Posts Rebound \u2013 <\/strong>Activity in factories, mines, and utilities in\nthe U.S. rose at a solid 1.6% month-over-month clip in October, which followed\na slowdown in September tied to the rise of the Delta variant. The October\nreading shows companies working to bring production back up to full capacity,\nin particular manufacturing jobs. With wages on the rise, the impact of\nHurricane Ida on oil and gas production now faded, and Delta cases still\ntrending lower, factories have been able to push production higher.\nManufacturing, which is the biggest component of industrial production, rose by\n1.2%.4<\/sup><\/p>\n\n\n\n Underestimating U.S. Job\nGrowth \u2013 <\/strong>In a final sign the U.S. economy may be performing a bit better\nthan advertised, the Bureau of Labor Statistics has reported undercounting new\njob growth in each of the last four months. When June through September\nrevisions were tallied, it totaled 626,000 undercounted jobs \u2013 the biggest\nunderestimate in a comparable period dating back to 1979. There has also been a\nlot made of the \u201cGreat Resignation,\u201d which refers to Americans quitting jobs at\nrecord rates over the summer. Indeed, workers resigned from 4.4 million jobs in\nSeptember, according to the Labor Department. But digging a bit deeper into the\ndata reveals some upshots: for one, many of the quits came from low-paid\nworkers who left for higher-paying jobs, and hiring over the same period was\nmuch higher than the quits. All in all, the U.S. is actually adding a lot of\nworkers every month (6.5 million hires compared to the 4.4 million quits).5<\/sup>\n<\/p>\n\n\n\n The Importance of Knowing Your Net Worth<\/strong> \u2013 In a\nvolatile market, you never know how it can affect your finances. This is why we\nwant to help you get your financial future on track! <\/p>\n\n\n\n Calculating your net worth may give you a better idea of\nwhere you stand in terms of your long-term investment goals. If you do not\ncurrently know your net worth, then now may be a great time to calculate it.<\/p>\n\n\n\n If you have $500,000 or more to invest and want to\nunderstand how to measure your net worth, download our guide Measuring Your Net\nWorth.3 <\/sup>Simply click on the link below to get your copy today!6<\/sup><\/p>\n","protected":false},"excerpt":{"rendered":" Consumers buying despite supply woes and inflation, industrial production rebounds, U.S. job numbers post net gain<\/p>\n","protected":false},"author":3,"featured_media":7426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71,73],"tags":[],"class_list":["post-10000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-private-client-group","category-steady-investors-week"],"acf":[],"_links":{"self":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/10000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/comments?post=10000"}],"version-history":[{"count":1,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/10000\/revisions"}],"predecessor-version":[{"id":10256,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/10000\/revisions\/10256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/media?parent=10000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/categories?post=10000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/tags?post=10000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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Do you know your net worth? For long-term investors, it matters! <\/p>\n\n\n\n
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If you have $500,000 or more to invest and want to understand how to measure your net worth, download our guide Measuring Your Net Worth.2<\/sup>\u00a0Simply click on the link below to get your copy today!
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Download Zacks Guide, Measuring Your Net Worth<\/a>2<\/a><\/sup><\/strong><\/p>\n\n\n\n