{"id":352,"date":"2020-05-26T00:00:00","date_gmt":"2020-05-26T00:00:00","guid":{"rendered":"https:\/\/www.retirementrefined.com\/index.php\/2020\/05\/26\/how-will-things-change\/"},"modified":"2020-05-26T00:00:00","modified_gmt":"2020-05-26T00:00:00","slug":"how-will-things-change","status":"publish","type":"post","link":"https:\/\/www.retirementrefined.com\/how-will-things-change","title":{"rendered":"How Will Things Change?!"},"content":{"rendered":"<p class=\"p4\">Drug companies are working feverishly to obtain the solution to Covid-19.<span class=\"Apple-converted-space\">\u00a0 <\/span>Certainly a huge reward to whoever is successful!<span class=\"Apple-converted-space\">\u00a0 <\/span>Each time we hear a bit of positive drug news, the markets move higher! This morning, Novavax is the latest company to suggest they \u201cgot it,\u201d as they begin their trial period. <img fetchpriority=\"high\" decoding=\"async\" class=\"alignleft size-medium wp-image-4118\" src=\"https:\/\/www.retirementrefined.com\/wp-content\/uploads\/2022\/01\/download-1.jpg\" alt=\"\" width=\"300\" height=\"168\" \/><\/p>\n<p class=\"p4\">The market is only paying attention to 2 areas; a possible cure and Economic\/Federal Reserve stimulus.<span class=\"Apple-converted-space\">\u00a0 <\/span>Many believe that after we have a cure, the economy will simply pick up where it left off&#8230; and then it&#8217;s<span class=\"Apple-converted-space\">\u00a0\u00a0<\/span>\u201cOff to the Races!&#8221;<span class=\"Apple-converted-space\">\u00a0<\/span>I hope they are correct!<\/p>\n<p class=\"p4\">Last week all markets headed north as the Dow rose 3.3%, the NASDAQ 3.4% and the S&amp;P 500 3.2%.<\/p>\n<p class=\"p4\">Interestingly, approximately 20% of the S&amp;P 500 is comprised of Apple, Amazon, Alphabet (Google), Facebook and Microsoft.<span class=\"Apple-converted-space\">\u00a0 <\/span>The Russell 2000 US Small Cap Index is down approximately 18% year to date!!<span class=\"Apple-converted-space\">\u00a0 <\/span>Think about <em><strong>that<\/strong><\/em> for a moment!<\/p>\n<p class=\"p1\" style=\"text-align: center;\"><b>How Will Life Change?<\/b><\/p>\n<p class=\"p4\"><img decoding=\"async\" class=\"alignright  wp-image-4124\" src=\"https:\/\/www.retirementrefined.com\/wp-content\/uploads\/2022\/01\/s3.reutersmedia-300x200.jpg\" alt=\"\" width=\"396\" height=\"264\" \/>Life as we know it will be at least temporarily altered, for sure.<span class=\"Apple-converted-space\">\u00a0 <\/span>Here is a short list of changes that are occurring to the \u201cdiscretionary\u201d parts of our lives!<\/p>\n<ul class=\"ul1\">\n<li class=\"li4\">Movie Theaters<\/li>\n<li class=\"li4\">Sporting Events<\/li>\n<li class=\"li4\">Dining\/Bars<\/li>\n<li class=\"li4\">Domestic Travel<\/li>\n<li class=\"li4\">Foreign Travel<\/li>\n<li class=\"li4\">Gyms<\/li>\n<li class=\"li4\">Dating<\/li>\n<li class=\"li4\">Sure you can add many more!<\/li>\n<\/ul>\n<p class=\"p4\">Keep in mind, consumer spending accounts for 2\/3rds of economic activity and the discretionary side has played an important role in driving our economy forward over the last several years!<\/p>\n<p class=\"p4\">The pool club I\u2019m a member of just received instructions on how we are to prepare for pool-season opening.<span class=\"Apple-converted-space\">\u00a0 <\/span>As of now, lounge chairs will be 6 feet apart, I\u2019ll have to go on-line to schedule when I desire to go to the pool, and that time will be limited to 90 minutes of attendance!<span class=\"Apple-converted-space\">\u00a0<\/span>This will be interesting!<span class=\"Apple-converted-space\">\u00a0 <\/span>How will I &amp; others react when we have to leave very shortly after getting settled?!<\/p>\n<p class=\"p4\">My guess is when my gym reopens the rules will be similar to my pool club!!<\/p>\n<p class=\"p1\" style=\"text-align: center;\"><b>Jobs Will Be Important<\/b><\/p>\n<p class=\"p4\">So far, we\u2019ve shed approximately 38 Million Jobs.<span class=\"Apple-converted-space\">\u00a0 <\/span>I do believe the majority will return, however I do not believe we\u2019ll get that close to 100%, any time soon.<span class=\"Apple-converted-space\">\u00a0 <\/span>Companies are going to reassess their employment needs going forward, employing more technology for scale, and profit efficiency.<\/p>\n<p class=\"p4\"><img decoding=\"async\" class=\"alignright  wp-image-4120\" src=\"https:\/\/www.retirementrefined.com\/wp-content\/uploads\/2022\/01\/large_KQwyc1Cqv-Afxv91kA1eFN9DvhoEeUl6heVm1hgK_Fc-300x129.jpg\" alt=\"\" width=\"464\" height=\"200\" \/>If 80% of the jobs do return, we\u2019ll have a loss of approximately 7,600,000 jobs.<\/p>\n<p class=\"p4\">I\u2019ve spoken to a couple of employers who have started to call back employees.<span class=\"Apple-converted-space\">\u00a0 <\/span>Interestingly, some employees have said they will not return.<span class=\"Apple-converted-space\">\u00a0 <\/span>I\u2019m thinking they believe they\u2019ll continue to receive the additional unemployment stimulus which has some people earning more without working.<span class=\"Apple-converted-space\">\u00a0 <\/span>I don\u2019t think they\u2019re aware that the employer will report they\u2019ve attempted to rehire and the employee refused.<span class=\"Apple-converted-space\">\u00a0 <\/span>Imagine when the employee finds out the additional unemployment stimulus will stop\u2026\u2026\u2026..<\/p>\n<p class=\"p4\">So will the types of jobs change?<span class=\"Apple-converted-space\">\u00a0 <\/span>Many are speculating that we\u2019ll be working from home and the \u201cbricks and mortar\u201d employment will permanently shrink!<span class=\"Apple-converted-space\">\u00a0 <\/span>I certainly don\u2019t know the final outcome, however I do know face to face interaction is healthy AND necessary for quality of life.<\/p>\n<p class=\"p4\">Just wear a protective mask until no longer necessary!!!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Drug companies are working feverishly to obtain the solution to Covid-19.\u00a0 Certainly a huge reward to whoever is successful!\u00a0 Each time we hear a bit of positive drug news, the markets move higher! This morning, Novavax is the latest company to suggest they \u201cgot it,\u201d as they begin their trial period. The market is only [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":353,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[29,7,9,30,13,31,18],"tags":[],"_links":{"self":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/352"}],"collection":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/comments?post=352"}],"version-history":[{"count":0,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media\/353"}],"wp:attachment":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media?parent=352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/categories?post=352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/tags?post=352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}