Welcome back to another market update, in this journal I’m going to talk about the supply chain events in a retrospect of this month. The sole purpose for me to do this is to spark a conversation with you in the future and maybe gain perspective of your thoughts and strategies.
“Money can’t buy happiness, but it will certainly get you a better class of memories.” – Ronald Reagan
In this journal I’m going to Daiiv into supply chain updates, market insights, and more into innovations. This is the second journal for 2024 and is a much quicker read. A direct link to all my journals is here: CLICK ME!
(My close network gets PDF journals as soon as they are written, if you would like to be a part of that thread find the best way to connect with me through my website!)
Warning: Market talk ahead. This is not financial advice; most investments carry a risk of losing some or all of the invested capital.
Springing Forward, But Watch the Road Ahead
Crude Calm Amidst Global Turmoil: The calm hasn’t quite arrived. Oil prices have recently climbed to almost $80 per barrel, fueled by the ongoing Ukraine crisis and potential disruptions in the Red Sea due to Yemeni Houthi activity. This could exacerbate inflation concerns and impact businesses across the board… (I mentioned in my last journal that prices will go back up, if you bought oil you should be in the green for now. Bullish on $APA & WTI crude)
Emerging Technologies:
Blockchain: While the crypto market remains in flux, blockchain technology itself is quietly revolutionizing supply chain transparency and traceability. The government just approved Bitcoin ETF ($BITO, I am still adding shares, but this fits into my risk appetite). The potential benefits are wide-ranging, from reducing fraud and waste to streamlining customs clearance and building stronger supplier relationships. Blockchain and digital twins are revolutionizing retail by offering secure document management, real-time inventory tracking, improved product traceability, and enhanced customer experiences through NFTs and virtual events. However, data privacy, system integration, and staff training need careful attention to fully unlock their potential.
Inflation Rate: The annual inflation rate for the United States was 3.1% for the 12 months ending January. This is above the Federal Reserve’s target of 2%.
My risk appetite for this market is starting to decrease, but will remain cautious in this ever-changing economic landscape. I will be putting my money in high dividend yields. As well as holding short term treasury bonds, this is the best way to park cash while getting an interest of 5.17%. SPX reached 5000+ this month and this may bring a wave of new investors that will be more optimistic for the year 2024. Bears on the other hand may come out of hibernation! And for a spectator they may soon get FOMO.
In conclusion, 2024’s supply chain landscape promises to be dynamic and challenging. While uncertainties remain, the rise of automation, AI, and blockchain technology, coupled with adaptable businesses and cautious optimism, offers a glimmer of hope for navigating the road ahead.
Sources
Written By:
-DAIVIK SURESH-
October 2024 WHATS NEW?! Good Morning, Good Evening, and Goodnight, Welcome back to another market…
September 2024 WHATS NEW?! Good Morning, Good Evening, and Goodnight, Welcome back to another market…
August 2024 WHATS NEW?! Good Morning, Good Evening, and Goodnight, Welcome back to another market…