What US stock market sector is worth more than all of Europe?

Shares Facebook Twitter LinkedIn Pinterest

*|MC:SUBJECT|*

We've been keeping up with the latest headlines...
here are two of our favorites worth sharing.

Your Money

Out with Exxon, in with ... Salesforce?

Last week, the Dow Jones removed Exxon, Pfizer, and Raytheon from its index while adding Salesforece, Amgen, and Honeywell. You probably heard of the massive biotech firm Amgen, which makes the arthritis drug Enbrel and other blockbusters. And Honeywell, of course, is a manufacturing company that has been around for 100 years. It was part of the Dow already once before until it was removed in 2008.

But who is Salesforce and what do they do?
They are a technology company that provides customer relationship management (CRM) services. In other words, they manage data. And they do it for 99 of the Fortune 100 companies, and they're almost always behind the scenes. It's the 7th largest US tech company bigger than Intel or Cisco.

So that brings me to my article this week about the US technology sector. COVID has certainly put technology at the center of our personal and business lives. So, while many businesses are fighting to stay alive, the technology sector is up over +37% so far this year. And from a valuation standpoint:

US tech stocks are now worth more than the entire European stock market
by Jesse Pound

The European market was four times larger than US tech stocks in 2007
Sector valuations and inflation signals are two themes we're closely monitoring

Your Life

One of the primary tools used to assess functioning in Senior adults (65+) are Activities of Daily Living, or ADLs. ADLs can determine the level of services and programs you need or can get. Hence, ADLs can determine whether you qualify to get into or stay in an Independent Living [aka Retirement] Community.

The Centers for Medicare and Medicaid Services further explains ADLs as these six activities related to personal care:

bathing/showering
dressing
getting in and out of bed or a chair
walking
using the toilet
eating

If a person has difficulty performing an activity without special equipment, or is unable to perform the activity at all because of health problems, that person is deemed to have a limitation of daily living.

Unfortunately, if you ever need help with any of those ADLs, Medicare does not cover it. However, most nursing homes offer this type of custodial care, commonly referred to as long-term care. Long-term care is a range of services and support for your personal care needs. Most long-term care is not medical care. Instead, most long-term care is help with ADLs. It's also a non-covered service under Medicare, which means you must pay 100% unless you're insured through a private policy.

In 2013, Harvard Health reported that two-thirds of Seniors need help doing one or more ADLs. In 2017, CDC cited that more than 20% of 85+ adults need ADL assistance. An AARP report states that older people need more help with ADLs because functional disability increases with advancing age. As the years go by, the numbers get larger as the population of Senior grows.
#BeInformed #BePrepared

The The 2030 Problem: caring for aging baby boomers
by James R Knickman and Emily K Snell

Complexity Simplified

Hey Philly, did you know that Philadelphia is America’s Garden Capital?

With more than 30 public gardens, arboretums, and historic landscapes, all located within 30 miles of Philadelphia, it’s easy to understand why. So, grab your mask, wash your hands, practice social distancing and check out the sites.

Explore America's Garden Capital

Trivia

A: 12,345,678,987,654,321
Q: If a statue in the park of a person on a horse has two feet in the air, what does it mean?

This got us all singing out loud