Wow, I'm in a great mood. I just got back from my walk to the neighborhood grocery store, Tom Thumb. Prices are always a bit higher there but it's a three-minute walk schlepping my airline rolling carry-on case to the store and back. More on that shopping experience later.
But, wow, the vehicular traffic in my neighborhood is picking up. And it's a Sunday. I haven't seen Tom Thumb this busy in a long time and the Dallas Cowboys aren't even playing today (as far as I know). I just checked: their opener is one week from today; evening game; wow.
It appears the governor of Texas did not extend the lock down orders. Tom Thumb no longer limits entrances, both entrances were open, and no more signs that masks were required, though it appeared everyone was still wearing them.
One just gets the feeling that the economy is going to explode this month -- and in a good way.
There are so many opportunities out there. I just can't believe it. One needs to remember, if the economy comes back:
- transportation: trucks, trains, and automobiles (seriously: DashDoor, GrubHub, Uber Eats)
- investment funds make bid to buy Kansas City Southern;
- buzz on the street: truck manufacturers can't keep up: their problem? getting parts from suppliers still hamstrung by the pandemic;
- gasoline demand; slow (very slow) but steady;
- Big Pharma (Covid-19);
- banks (down so long; hard to go any lower);
- compared to money market accounts and bonds, the stock market is paying pretty good dividends;
- fast food and coffee might be back;
- retail, especially those brick and mortar stores that also have e-commerce figured out;
- utilities if EVs ever take off;
- probably others;
Tailwinds:
- the Fed is backing up the market;
- more interested in boosting employment than in trying to cool down the market (inflation);
- productivity in August surged 10.1%;
- the jobs numbers released for August were incredible;
- not a lot of alternatives for investors (discussed numerous times);
- millennials love this commission-free day trading;
- a feeling of a win-win regardless of the election outcome; regardless which way it goes, 50% of voters will be happy;
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Tom Thumb
I was surprised. Just like Costco, Tom Thumb has sold out of "regular" Spam; most other Spam products also sold out, although a few were left on the shelf (Amazon still well supplied, it appears);
Aunt Jemima syrup -- fully stocked earlier this week; today: not one bottle of "regular" Aunt Jemima syrup. A few bottles of "butter rich" Aunt Jemima, which is priced lower than regular (Amazon still well supplied, it appears);
The aisles are overflowing with paper towels and other cleaning products.
I didn't need much except butter, bread, and milk. Land o' Lakes has removed that image of Elizabeth Warren off their packaging but I see it's still available on the internet. Not sure what that's all about.
Remember: the five foods needed to boost your immune system -- orange juice for vitamin C; beef for zinc; Belgian beer for probiotics; beef for protein; and, sunflower seeds for vitamin E.
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BLM
Southern Company has a most annoying commercial: a voice-over of various folks complaining that after decades of whining, pleading, crying, explaining, compromising, yada, yada, yada, nothing has changed. And now they say "enough is enough." As soon as the commercial comes on, I go to mute so I don't know what their answer is now, but perhaps after voting for their incumbents year-after-year, maybe it's time to try something different.
I see they've re-elected Ed Markey in Massachusetts, 74 years old, who has served in the US Congress and the US Senate since the mid-1970's. I wonder if the Southern Company contributed to the Ed Markey campaign? Wouldn't surprise me.
On another note. How would you like to be the first Kennedy to lose in Massachusetts? LOL. Caroline Kennedy, to be honest, was probably the first. She had an interest in Hillary Clinton's vacated New York senate seat but bowed out for "personal reasons," mostly due to her problem with the Queen's English as a second language.
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The Sports Page
I have no idea what's going on with the MLB season or the BLM playoffs. But I'm enjoying the PGA FedEx Tour Championship. Jon Rahm really had a bad day yesterday, the second round; it will be interesting if he can claw his way back to the final pairing.
My pet peeve: video flashbacks of Tiger. His 45 minutes of fame is over; we now have a new group to include Dustin Johnson, Sungjae Im, Xander Schauffele, Justin Thomas, Collin Morikawa -- all Americans except for Im. Jon Rahm is Spanish, sort of taking the baton from Sergio Garcia, I guess.
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