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. This month’s journal will be tech focused on tech as well as exciting new innovations on the rise. Welcome to Journal March 2024!
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 is Power! With enough of it, you can build anything, even a rocket to the moon.” – Scrooge Mcduck (A.K.A Donald Duck’s Uncle)
In this journal I’m going to Daiiv into supply chain updates, market insights, and more into innovations. This is the third journal for 2024 and is a much quicker read. I’m excited to share that all my journals are published on my personal website: Daiviksuresh.com
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.
Advancing Ahead, But Mind the Bumps on the Road!
Crude Calm Amidst Global Turmoil: Upon the last update, oil has remained steady, but reserves are slowly getting pumped and the inventory of crude oil is not where the country excepted their forecast. We are still hovering around $80 dollars a barrel and can soon expect prices to go back up! Red Sea tensions are still prevalent, and the cost of ocean freight is steadily rising. This could exacerbate inflation concerns and impact business across the board.
Emerging Technologies:
Breakthroughs in Generative AI:
Federal Market: The annual inflation rate for the United States was 3.2% for the 12 months ending February. A 0.01% increase from last month This is above the Federal Reserve’s target of 2%. FOMC meeting had mentioned only 3 rate cuts this year, but I still think we may only aim for 2 as election season will play into this.
My risk appetite for this market now is the same and I am not pushing anything much in my favor but will remain cautious in this ever-changing economic landscape. I plan only now to study and understand these markets, while being able to throw a buck or two in risk. Whether it is profit or loss, I am still learning and everyday is a new lesson as well as an opportunity.
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. I am very excited for what this year will bring us and mostly leaned towards the possibilities of AI. I will keep an eye out for anything interesting, and do want to thank my readers for making this enjoyable as I learn a lot from the conversations I have with some of you. (Fun fact: All the journal images you’ve seen from August till now are text to image AI!)
If you would like to contact me, please navigate through my website, and find the best way to connect!
Sources
Written By:
-DAIVIK SURESH-
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