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Market Snapshot 3-27-24- One Of The Quietest Weeks

Good Morning on this best day of the week Wednesday from your hometown lender,

This has been one of the quietest weeks I can remember. Not much news and not much movement in the markets. That is likely to change starting tomorrow with unemployment data and GDP. Friday while the bond market is closed, we will also get to digest some inflation data. 

With no data, I was searching for interesting content… 

I was watching CNBC this a.m. and Brad Gerstner from Altimeter Capital (really bright guy) was interviewed and shared a new initiative he is spearheading on creating financial literacy for kids… Non partisan. It is a game changer if he can get it on through Congress (Gerstner is suggesting the government start an account for every newborn of $1000/mo). A few bullet points are below and here (The new plan to create a stock market portfolio for every child in America that’s caught Microsoft, Uber, Dell and Zillow’s attention ( is the link if you want to read more about it. 

  • Brad Gerstner, founder and CEO of Altimeter Capital, has been in touch with Microsoft CEO Satya Nadella, Uber CEO Dara Khosrowshahi, and Michael Dell, among other corporate leaders, about funding stock market portfolios for children of employees.
  • The corporate outreach is tied to a plan the tech investor supports to create government-funded $1,000 investment accounts for children and have corporate America provide matching funds.
  • Benefits experts say the idea could prove as popular as 401(k) matching contributions, and Zillow CEO Rich Barton said it’s a “no-brainer” for his company.

Please remain safe and healthy, make today great!