The Markets

Last week, the Nasdaq Composite Index set another record.
So far, 2020 has been memorable for many reasons, not the least of which is the incredible speed at which some events have been occurring in financial markets. This year, we’ve experienced:

• The end of the longest U.S. stock bull market in history
• A global stock market crash
• The shortest U.S. stock bear market in history
• Multiple record highs for major U.S. stock indices

Last week, we witnessed the swiftest correction on record as the Nasdaq fell by 10 percent in just three days. By the end of the week, the Index had recouped some losses and finished down 4.1 percent. The Standard & Poor’s 500 Index and Dow Jones Industrial Average also finished the week lower.
It would be gratifying if the recent drop in share price steadied U.S. stock markets. However, we are likely to see stocks remain volatile through the end of 2020. The Economist explained:
“Because of the influential role of turbocharged retail investment, prices can be expected to remain choppy. Moreover, the market is entering a period where typical COVID-19-related volatility may be exacerbated by the twists and turns of America’s presidential election.
“That said, much of the tech recovery from the lows in March was rooted in fundamental shifts, like policy interventions, or pandemic-prompted changes to consumer behavior, such as online shopping, that have helped firms…Even if the giddy obsession with tech firms exhibited during the summer fades, there may be little reason for investors to throw in the beach towel yet.”
This is a good time to take a gut check and make sure your asset allocation aligns with your financial goals and your response to market volatility

 

Go Fly a Kite.

Wind is one of the fastest growing energy sources in the United States. In 2019, wind generated 7.2 percent of the nation’s electricity, powering 27.5 million homes, reported the American Wind Energy Association. Wind power has become a major provider of electricity in:

• Iowa generating 41.9 percent of electricity
• Kansas generating 41.4 percent of electricity
• Oklahoma generating 34.5 percent of electricity
• North Dakota generating 26.8 percent of electricity
• South Dakota generating 23.9 percent of electricity
• Maine generating 23.6 percent of electricity

As with many things, wind farms have pros and cons. On the plus side, wind energy is a renewable energy source that generates income and tax revenue in rural areas. In the negative column, construction can damage drainage systems and hurt crop production. In addition, towering turbines can catch fire, throw ice, cause headaches (literally), and create other issues, reported Slate.
A new wind energy option may do away with some of those negatives in some locations. Wind kites deliver power and have a far smaller profile than many turbines. Fast Company explained:
“As the kite flies autonomously, driven by the wind, eight small onboard rotors turn and generate energy that is sent down a thin tether back to the ground…it does the same work as the tips of the blades on large wind turbines, which convert the most energy in the system because they move the greatest distance as they’re pushed by the wind. But the new technology, which came out of research at the Technical University of Munich, does that work without the same need for massive infrastructure.”
Wind kites may be well-suited to islands and other areas where importing turbines is not feasible. They may also be a sound option in hurricane-prone regions since kites can be lowered to the ground. Best of all, kites use 10 times less material, so costs are significantly reduced.
 

Taking Care of Your Teeth During the Pandemic

In a recent New York Times article https://www.nytimes.com/2020/09/08/well/live/dentists-tooth-teeth-cracks-fractures-coronavirus-stress-grinding.html), Tammy Chen, D.D.S., noted she has seen more patients with tooth fractures in the six weeks since reopening her practice in June than she had seen in the last six years.
She explains why people are damaging their teeth during the pandemic, and why she’s seeing at least one patient a day with a broken tooth.
The most obvious cause is stress, which leads to clinched jaws or grinding teeth. But she also sites two other contributing factors you might not think about: poor posture while working from home and lack of restful sleep. Both of these conditions lead to tension, which “goes straight to the teeth,” says Chen.
Chen suggests setting up an ergonomic work space at home to make it easier to use proper posture (“your shoulders should be over your hips, and your ears should be over your shoulders,” says Chen.) She also gives specific advice on how to get better sleep, such as using a mouth guard and soaking in a tub for 20 minutes.
Chen shares information like she’s talking to a friend. And we can all benefit from having a friend who’s a dentist. From Chen, we learn how to avoid damaging our teeth as the world waits for a vaccine.
Read the complete article here: https://www.nytimes.com/2020/09/08/well/live/dentists-tooth-teeth-cracks-fractures-coronavirus-stress-grinding.html).