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March 2021
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This Month's Economic Story3/31/2021 Inflation: 0.4 increase for February
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This Month's Work Summary3/31/2021 This month has been spent taking a break from writing and compiling all the different data needed to post on my website. Within the next week I'll be completely done with compiling the most interesting stories and data points for each month of 2020. I've also decided to create a bit of consistency with my blog posts by changing the format into interesting economic stories and work summaries. This way I have room to discuss interesting topics instead of trying to come up with words just to fill in space.
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Today, I met with my mentor, Mr. Meyer, to discuss my spring goals. Right now, I have a really strong idea for where I want to take this project.
Second Semester Goals:
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Interview with Mr. Detrick1/27/2021 Today, I interviewed Mr. Ryan Detrick, the Chief Market Strategist and Senior Vice President at LPL Financial. Mr. Detrick's job is to analyze different markets and direct where the company should allocate their funds. Additionally, LPL Financial works with different financial advice organizations and suggest securities that financial advisors can recommend to their customers. Mr. Detrick was very informative on the rebound in March and on the future effects of QE on the dollar. For more info please check my "Milestones" tab.
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Interview with Mr. Metzger1/27/2021 On January 20th, I had an interview with Mr. Stephen Metzger, a business teacher at Arundel High and a part-time financial advisor at Blue Heron Financial Group. Mr. Metzger was actually referred to me by a friend who had transferred from Severn and is currently taking Mr. Metzger's business class. In our interview, we discussed the intricacies of his job and his company's response to the volatility in 2020's markets. Fortunately, they had some cash at hand and were able to buy the dip while maintaining most of their positions. Additionally, the lucked out with ARK Invest, a mutual fund that did really well with Tesla shares. At the end of our interview, Mr. Metzger referred me to Mr. Ryan Detrick, the Chief Market Strategist at LPL Financial. I will delve more into that interview in another blog post.
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Finishing Touches on Archive12/31/2020 After being behind for a bit, I've been able to finally catch up to my modern day research with my archives. I'll copy and paste everything I have on Sunday. My main struggle is still my inability to find interviews, so I might have to start looking for teachers rather than business people. We'll see how it goes.
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Markets Going Crazy11/30/2020 This November the Dow Jones booked its best month since 1987, the S&P gained 11%, and Nasdaq achieved a record high of 11,945.72 points. When I began this project, I honestly believed that there would be a dead cat bounce after the February-March decline, but stocks seem to only go up! This really goes to show the divide between wallstreet and mainstreet as well as the seperation between the elites and working class
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Happy New Year11/30/2020 Though 2020 has been a rough ride, I'm glad I had this project to pass the time. Working on this has really expanded my knowledge of economics and finance. It's probably been my favorite school project.
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Interview: Peter High11/30/2020 This month, I had a great interview with Peter High, the President of Metis Strategy and host of the Technovation Podcast. Interestingly enough, I met Mr. High via a college interview and he was gracious enough to grant me a few minute of his time to go over developments in the tech sector in response to COVID-19. If the name of the podcast didn't tip you off already, High is a huge advocate for digital transformation in every sector of society, especially the business sector. This was very useful for a section in my book on the shift in business models during this pandemic. Through my experience with online school, I've witnessed first-hand the adaptations schools have made to adjust to the pandemic, and I can foresee some of these elements of online schooling carrying on well after the pandemic. Many students, faculty, and really employees in general might be more inclined to opt for virtual meetings rather than physical ones. Of course, there's a lot more discussion to be had when it comes to the phasing out of low-skilled workers in certain industries, but that's more specific to the book and not really fitting for a blog post.
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Uploading New Sections11/3/2020 Mid-October, I decided that this website would be a one-stop shop for anyone interested in the development of the pandemic. So, to follow through on that sentiment, I've been compiling graphs and articles to create monthly updates/analyses on the year 2020. This will be broken up into 3 sections: Macroeconomics Data, Impact on Industry, and Financial Markets. I'm currently thinking about how to format these pages in a presentable way, so I'll be playing around with Weebly page designs.
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