Hope all is well. The markets finished the week strong on Friday. All three major stock averages closed the week in the green. The Dow finished up 0.9%, while the S&P 500 added 1.5% and the Nasdaq Composite gained 2.8%. I have broken down this week’s news using quotes from the philosopher, Plato.
Twice and thrice over, as they say, good is it to repeat and review what is good.
Fed Chair Powell confirmed Friday that the central bank is likely to begin tapering before the end of the year. But he repeated the same message he’s been saying, that rate hikes aren’t imminent as there is still “much ground to cover” before the economy hits full employment. The market again soared on that message.
The learning and knowledge that we have, is, at the most, but little compared with that of which we are ignorant.
Business leaders and government officials are trying to use their collective knowledge to prevent the next cyberattack. The White House hosted a cybersecurity summit Wednesday with CEOs in sectors ranging from tech to insurance. The meeting follows a wave of cyberattacks that have brought added urgency to security issues. Big tech companies including Google and Microsoft committed to spending billions on cybersecurity following the meeting.
The most virtuous are those who content themselves with being virtuous without seeking to appear so.
U.S. forces helping to evacuate Afghans desperate to flee Taliban rule were on alert for more attacks on Friday after an Islamic State suicide bombing just outside Kabul airport killed at least 92 people. Thirteen brave and selfless U.S. service members lost their lives in the attack. The White House said the next few days of an ongoing U.S. evacuation operation are likely to be the most dangerous.
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