The Profit Margin: July 3, 2023

Statistic of the Week

A recent study of Gen Z and Millenials found that over half of the members of these age groups (57%) are dependent upon their parents to pay their everyday bills. Experts suggest that the parents of the members of these generations build stronger financial boundaries between themselves and their children, as their behaviors will likely impact the retirement trajectory of the parents.

Global Perspective

Before they seized power in 2021, the Taliban depended on the opium trade to fund their insurgency. However, they are now attacking this drug trade. In April 2022, approximately 120,00 hectares were used in opium production. Today that figure stands at less than 1,000 hectares. Poppy production will likely drop 80% between 2022 and 2023.

Market Moving Events

Monday: US Markets Close Early, ISM Manufacturing, Construction Spending

Tuesday: US Markets Closed

Wednesday: Factory Orders, FOMC Meeting Minutes

Thursday: Jobless Claims, Trade Deficit, ISM Services

Friday: Nonfarm Payrolls

Chart of the Week

Economic growth for the US economy was revised higher for the first quarter of the year.  The Bureau of Economic Analysis reported that the economy grew at an annualized rate of 2.0%, adjusted for inflation.  The previous reading was 1.3%.


Market Moving Events:

Chart of the Week:

Clearnomics, Bureau of Economics Analysis,

Statistic of the Week:

Yahoo! Finance, Experian

Global Perspective:

The Economist






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