Week of 2/9/2022

Remember last week’s letter, when we predicted that the Friday jobs report would be bad? Well, it wasn’t. As Brad McMillan shares, it wasn’t a bad thing to be wrong about. He surmises that companies are paying workers even when in required quarantine, for fear of losing them. Also, stronger gains were seen in service sectors than in good-producers.

2 of the Lowry kids, Joseph and Millie, are appearing in a production of A Chorus Line at the Squitieri Theatre at the Phillips Center in Gainesville. If you like musicals and want to support some nice kids, you can buy tickets to the show here. A young New York couple was arrested in the theft of $4.6 billion worth of cryptocurrency. Speaking of keeping workers on the job, in 1930, the Indiana Bell building was moved and rotated 90 degrees while all 600 employees continued to work inside. It moved at a rate of 15 inches per hour and utilities were kept on the entire time. Shake Shack and DoorDash are building a very specific dating app for spicy chicken sandwich lovers. Will super-specific apps like this become more common, if only as information-gathering tools for companies? If you are like many people (us included), you may not know that the US Postal Service launched a pilot program last year to offer banking services at post offices. The program attracted 6 customers and generated $35.70 in revenue during its first 3 months of operation.

Ask the Joes® (and Cale) returns after far too many weeks away. This week we look at the important role of diversification in your investment portfolio.

‌ ‌ ‌ Advisory Services offered through Lowry Financial Advisors, Inc., a Registered Investment Adviser. Securities and additional advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Advisory services offered through Lowry Financial Advisors, Inc, are separate and unrelated to Commonwealth. Lowry Financial Advisors, Inc. is located at 12921 SW 1st Rd, Suite 215, Tioga, FL 32669. 352-333-7990 Lowry Financial Advisors is the only advisory firm that helps its clients reach their goals through The Achieving Simplicity® Experience™, providing clarity and confidence in their personal and financial lives.