Broker Check

Starting to Heat Up

May 11, 2023

We started Softball season. This year I became the Assistant Manager for my team. This was a job I did not want, but they caught me at a weak moment. That said, I have learned a lot already. For instance, this year about 78 guys tried out for about 20 spots, and we had to decide which guys we would cut and which guys the league would keep. The tryouts were funny to watch; one of the things I learned was how to laugh without someone seeing me. One guy who claimed he played baseball for U of Maine was trying to catch a fly ball got his feet tangled up and missed and the ball bonked off his head. Another guy was running down to first when he lost his pants, and he did a digger halfway up the first base line. (It gave a whole new meaning to tighty whities.) You can’t make this stuff up.  The next lesson was the actual draft. I never realized the strategy involved in the process. We made out pretty well in the end. It will be interesting to see how our team fares this year.

Speaking of faring well, the market has been fighting to recover. Hopefully you have all seen this in your statements. The biggest winner at this point has been technology. Last year this sector got trashed but this year it is looking pretty good on the comeback. The biggest lagger to date has been financials. The bank failures have not helped their cause. This is the point when I tell you that it is a great time to add to your investments. I think this year will remain very bumpy but stay on track. So, you see, there was no need to panic.

As we head into Spring, enjoy the warm days, and do something fun. Also, don’t forget to check out our Podcast and I hope to see you soon!