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Weekly Market Review

Weekly Market Review

Good afternoon,


I don’t mind admitting that I’m having some trouble making sense of a lot of things these days. I don’t understand why casinos are open in MI but not gyms. I don’t understand why I have to wear a mask when I go inside a building but can take it off as soon as I sit down. I don’t understand why kids can’t go back to school. I don’t understand why live sports can’t be played in front of live people. I don’t understand why some places are allowed to stay open while others are still shuttered. I don’t understand why everyone’s job isn’t considered essential when it certainly is to them. I don’t understand why having hundreds of protestors in one place is ok but holding a church service isn’t.  I don’t understand why the stock market continues to rise while much of the economy is still shut down. I don’t understand why everyone seems so mad about everything all the time. I don’t understand the big deal about TikTok. I don’t understand why Nathan Lane never won an award for his performance in “The Birdcage.” But I digress, my brain only has so much capacity, so I’ve resigned myself to the fact that there are things which will never make sense to me. I guess we’ll play the cards we’re dealt for now and try again when they reshuffle the deck.


If you’ve been following stock news recently, you’ve seen that some big names, Apple and Tesla to be specific, have announced stock splits.

What exactly do stock splits mean for shareholders? Honestly, not much. Tesla is splitting it’s stock 5 for 1. So if you own 1 share of Tesla at price $X, you’ll now own 5 shares of Tesla at price $X/5. It’s  really no different than if you give me a $100 dollar bill and I give you back 5 $20 dollar bills. The total value of the transaction is precisely the same. A lower per share price does make the stocks more attractive to retail investors, but it does not change the value of the trade.


Have you ever considered commodities and/or alternative investments for a small piece of your portfolio? Alternative investments are things like gold or other precious metals, oil or other minerals, food products or livestock, real estate, currencies of other countries, perhaps even Bitcoin, and other non stock market related investments. They tend to move independently of stock and bond prices and may be appropriate for a small allocation in a diversified portfolio. With inflation likely to become more prevalent in the next few years, now might be a good time to have that discussion.  Call me for more info.


File this story under, hmmm, what could possibly go wrong?

Florida has been approved to release 750 million genetically engineered mosquitos.  Wait, what? 750 million genetically engineered mosquitos?

Call me skeptical, but this doesn’t sound like a good idea.


Cancel culture has hit the Colonel. KFC Corp, formerly known as Kentucky Fried Chicken, will be suspending it’s 64 y/o slogan “Finger lickin good” indefinitely. They claim that it could be considered insensitive and inappropriate during a pandemic. Give me a break.

But at least they left the door open for the slogan to return one day.


Speaking of real estate, this smart guy, Sam Zell, says real estate could be in trouble for a while. Especially office space and retail real estate. He ought to know, he’s made a gazillion dollars in the real estate biz over the years.


Contrary to popular belief, the suit may not be dead. Personally, I haven’t worn a suit in months, but this article says that I will do so again someday.


After one of my daughters asked to be mentioned in the WMR last week, the other followed with a similar request. I don’t just include you for no reason, I replied. Give me something that I should mention.

Ok, how about this?  Why do we bake cookies but we cook bacon?

Hmmm, not bad for a Dad joke, but not great. Keep working on it.


This week’s chuckle:

Doctor calls a patient and says “I’ve got bad news and really bad news.”

What’s the bad news?

“You’ve only got 24 hours to live.”

What’s the really bad news?

“I forgot to call you yesterday.”


LF26 – “If you can’t explain it to a 6 year old, then you don’t understand it yourself.” – Albert Einstein.


Have a great week and stay healthy.


The opinions expressed are those of Michael Acho and not necessarily those of Lincoln Financial Advisors Corp. CRN-3220614-082820



Michael J. Acho, MBA, CFP®
Private Wealth Advisor
Lincoln Financial Advisors/Sagemark Consulting
1000 Town Center, 26th Floor
Southfield, MI  48075
248-948-5100 direct
248-948-5101 fax
248-933-4339 cell

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