Author: 1st Discount Brokerage

https://www.equities.com/news/how-important-are-people-in-profits

What’s the stock market, economy, society, and future all about? It is universally about “people.” The renowned fund manager, Peter Lynch, espoused investing in companies producing goods and services that an individual purchases for themselves. I’ve observed, those investing capital and keeping their pulse on human needs, wants, and activities, over the long-term are rewarded

#PositiveNews Initial unemployment claims fell to 199,000, or 0.06% of the total U.S population. This is the lowest percentage of people applying for unemployment insurance in the report’s 52-year history. Simply, more Americans are working hard versus hardly working.

Warren Buffett says, “When the merchandise on Wall Street goes on sale it is the shoppers that run away.” It looks like price-conscious buyers, i.e. smart money began nibbling on stocks once again.

Presently, there are 7,079,000 (big number) job openings in the U.S. Of these, 6,489,000 are in private industry, and 590,000 employment opportunities are in the public sector. According to the BLS 3,500,000 (another big number), workers quit their jobs in search for something better. For those seeking new employment, the public sector pays approximately 36%