Summary
I have been saying for many years that both the public and private sectors need to have audited quarterly and y/e crisis and risk management. More needs to be done on auditing business continuity as part of safeguarding assets for both the private and public sectors.
1. Healthcare Crisis - https://www.philips.com/a-w/about/news/archive/blogs/innovation-matters/connected-solution-to-our-healthcare-crisis.html
2. Disease mitigation - https://www.nature.com/articles/s41598-022-05041-0
3. AI and Healthcare - https://www.nature.com/articles/s41598-022-05041-0
4. Genome - https://www.genomebc.ca/blog/canadas-contribution-to-the-global-effort-to-map-the-genomes-of-complex-life-on-earth
5. Industry 4.0 and risk mitigation - https://www.cgerisk.com/2022/01/the-4-biggest-risk-management-challenges-in-the-renewable-industry/
6. Risk - https://riskandinsurance.com/4-cyber-risk-management-features-middle-market-businesses-and-their-brokers-should-look-for/
7. Supply chain - https://www.biopharma-reporter.com/Article/2022/01/17/Call-to-single-use-technology-suppliers-Taskforce-looks-to-build-resilience-in-UK-vaccine-supply-chain
8. Commodity Prices - https://businessinsider.mx/lumber-price-outlook-trader-stinson-dean-climate-change-record-high-2022-1/
9. Fraud and business continuity - https://www.journalofaccountancy.com/news/2021/jun/fight-fraud-with-business-continuity-planning.html
10. Risks - https://www.ifac.org/knowledge-gateway/supporting-international-standards/discussion/auditor-s-response-risks-material-misstatement-arising-estimates-made-applying-ifrs-17-insurance
11. Climate change - https://www.globalcitizen.org/en/content/ways-tackle-climate-change-global-warming-2022/
Public Sector - United States - How to Transform Government - July 2022.pptxpaul young cpa, cga
All levels of government are facing many challenges including taxation reforms, delivery program spending with value for money, high inflation, fiscal gap, infrastructure gap, and the ability to mitigate the impacts of climate change.
Public Sector - United States - How to Transform Government - March 2022.pptxpaul young cpa, cga
Summary:
The USA budget YTD March 2022 hit $667B
The USA continues to struggle with high inflation. The Fed target of 2% will be difficult challenge to achieved due to many issues facing the USA economy.
State and local government local finances have stabilized.
There needs to be comprehensive housing strategy that involves all levels of government and the private sector including adoption 3D printing, reducing the time/cost for permits, water strategy, urban vs rural strategy, and a focus on protecting the environment while growing the economy in a sustainable way.
All levels of government must adopt better risks and crisis management reporting including annual audits.
Public Sector - United States - How to Transform Government - October 2022.pptxpaul young cpa, cga
Blog – How to Transform the Public Sector Fiscal and Governance Model – The United States – November 2022
Governments around the world are struggling with high inflation - https://www.bloomberg.com/news/articles/2022-12-08/us-federal-reserve-s-inflation-fight-spurs-crypto-tech-housing-market-drops
Tax reforms continue to be a challenge for all levels of government - https://www.atlanticcouncil.org/in-depth-research-reports/report/improving-tax-policy-in-lac-a-balancing-act/
More needs to be done to expand performance and operational audits across all levels of government.
GDP growth will continue to challenge all levels of government - https://www.ft.com/content/24dbcc0f-7974-48d7-9824-ab86b58a3a29 or https://www.gold.org/goldhub/research/gold-outlook-2023-global-economy-crossroads
Transforming the Public Sector| The United States| February 2022paul young cpa, cga
Summary:
What’s next: Manchin’s priorities are getting plenty of consideration as Democrats look to salvage their economic agenda, but as we said yesterday, changing the plan to suit Manchin is sure to raise some other Democrats’ hackles. “There could be significant difficulties in selling the package to progressive in the House,” Bloomberg’s Jennifer Epstein, Erik Wasson and Laura Davison report, citing a senior House Democrat. “Spending $800 billion would be a 75% cut from last year’s goal of a $3.5 trillion package. Trimming it down to primarily the climate change initiative would leave just one or two other programs, leaving many member priorities on the cutting room floor, the Democrat said.”
The bottom line: We started the week by telling you about a debate around Modern Monetary Theory, a school of economic thought that sanctions aggressive deficit spending and says resource constraints rather than fiscal constraints should underpin spending decisions. Did that line of thinking win in the pandemic response, or has it failed? We’re ending the week with an indication of just how much the political and policy winds around deficits have shifted in the last year or two.
Source - https://finance.yahoo.com/news/biden-plan-b-build-back-235849730.html
1. Fiscal gap – USA – https://www.mining.com/web/as-us-national-debt-hits-30-trillion-higher-borrowing-costs-negative-real-yields-will-make-it-harder-to-finance/
2. Property Tax - https://www.thebalance.com/best-and-worst-states-for-property-taxes-3193328
3. USA debt hits 30T - https://www.mining.com/web/as-us-national-debt-hits-30-trillion-higher-borrowing-costs-negative-real-yields-will-make-it-harder-to-finance/
4. State and Local Government - https://icma.org/blog-posts/4-factors-influencing-local-government-financial-decisions
5. Stimulus - https://www.northerntrust.com/europe/insights-research/2022/weekly-economic-commentary/crisis-that-wasnt
6. Healthcare - https://www.thedailybeast.com/doctor-shortages-in-the-us-after-covid-are-creating-a-looming-healthcare-crisis
7. Economy - https://www.dailykos.com/stories/2022/2/5/2078776/-Biden-takes-credit-for-blockbuster-jobs-report-as-GOP-caught-off-guard-from-his-economic-success
8. Keynesian - https://fee.org/articles/the-return-of-keynesianism/
9. Spending - https://www.gao.gov/blog/usaspending.gov-offers-insight-government-spending-data-quality-and-user-awareness-impact-its-usefulness
10. Pandemic responses - https://www.gao.gov/press-center/2022
11. Inflation and Drug Prices - https://www.reuters.com/world/us/biden-touts-plan-bring-down-drug-prices-helping-tame-inflation-2022-02-10/
12. Infrastructure bill - https://www.brookings.edu/blog/fixgov/2022/02/11/fighting-fraud-waste-and-abuse-the-infrastructure-bill-and-lessons-for-the-future/
Transforming the Public Sector| The United States| January 2022paul young cpa, cga
Summary
The world continues to head to big government.
More needs to be done to safeguard assets by the public sector.
Audited emergency and crisis management reports should be part of the fiscal management cycle
More money for auditor-generals as part of expanding performance and value for money audits across agencies and GBEs
Compensation and benefit reforms as part of reducing the cost of government
More adoption of the digital model as part of streamlining the government programs as part of better delivery of program spending through value fore money!
1. State and local government - https://www.govtech.com/security/general-hacking-community-tops-state-local-it-security-fears
2. Fiscal outlook - https://www.governing.com/finance/the-outlook-for-public-finance-in-2022-in-6-themes
3. Internal control - https://deloitte.wsj.com/articles/5-trends-influencing-internal-control-strategy-01641332680
4. Geopolitical risks – https://thehill.com/policy/equilibrium-sustainability/589435-climate-crisis-is-greatest-global-risk-in-2022-world
5. Climate mitigation - https://www.hilltimes.com/2022/01/10/dont-look-up-and-how-canada-needs-to-get-to-effective-climate-mitigation/337151
6. Value for money - https://www.hilltimes.com/2022/01/10/dont-look-up-and-how-canada-needs-to-get-to-effective-climate-mitigation/337151
7. Big government - https://www.economist.com/europe/2022/01/08/the-return-of-big-government-sparks-questions-for-europe
8. Privacy - https://openmedia.org/press/item/the-state-of-privacy
9. ESG - https://www.icaew.com/insights/viewpoints-on-the-news/2022/jan-2022/summary-of-public-sector-sustainability-reporting-landscape
10. Urban Planning - https://tomorrow.city/a/over-planning-and-the-risk-of-creating-less-inclusive-cities
How to fix the Governance model for Government (Public Sector).pptxpaul young cpa, cga
Summary:
I have written many presentations and blogs over the years on transforming the public sector. The public sector needs to reform its model including stronger crisis and risk management planning and analysis, creating new a compliance group that ensures all oversight agencies are free from partisan policies, governments need to learn to live within its means, all program spending should undertake a program review, taxation focus should be on tax fairness, policies should address issues like wage reform or pension reform or other reforms.
Public Sector - United States - How to Transform Government - July 2022.pptxpaul young cpa, cga
All levels of government are facing many challenges including taxation reforms, delivery program spending with value for money, high inflation, fiscal gap, infrastructure gap, and the ability to mitigate the impacts of climate change.
Public Sector - United States - How to Transform Government - March 2022.pptxpaul young cpa, cga
Summary:
The USA budget YTD March 2022 hit $667B
The USA continues to struggle with high inflation. The Fed target of 2% will be difficult challenge to achieved due to many issues facing the USA economy.
State and local government local finances have stabilized.
There needs to be comprehensive housing strategy that involves all levels of government and the private sector including adoption 3D printing, reducing the time/cost for permits, water strategy, urban vs rural strategy, and a focus on protecting the environment while growing the economy in a sustainable way.
All levels of government must adopt better risks and crisis management reporting including annual audits.
Public Sector - United States - How to Transform Government - October 2022.pptxpaul young cpa, cga
Blog – How to Transform the Public Sector Fiscal and Governance Model – The United States – November 2022
Governments around the world are struggling with high inflation - https://www.bloomberg.com/news/articles/2022-12-08/us-federal-reserve-s-inflation-fight-spurs-crypto-tech-housing-market-drops
Tax reforms continue to be a challenge for all levels of government - https://www.atlanticcouncil.org/in-depth-research-reports/report/improving-tax-policy-in-lac-a-balancing-act/
More needs to be done to expand performance and operational audits across all levels of government.
GDP growth will continue to challenge all levels of government - https://www.ft.com/content/24dbcc0f-7974-48d7-9824-ab86b58a3a29 or https://www.gold.org/goldhub/research/gold-outlook-2023-global-economy-crossroads
Transforming the Public Sector| The United States| February 2022paul young cpa, cga
Summary:
What’s next: Manchin’s priorities are getting plenty of consideration as Democrats look to salvage their economic agenda, but as we said yesterday, changing the plan to suit Manchin is sure to raise some other Democrats’ hackles. “There could be significant difficulties in selling the package to progressive in the House,” Bloomberg’s Jennifer Epstein, Erik Wasson and Laura Davison report, citing a senior House Democrat. “Spending $800 billion would be a 75% cut from last year’s goal of a $3.5 trillion package. Trimming it down to primarily the climate change initiative would leave just one or two other programs, leaving many member priorities on the cutting room floor, the Democrat said.”
The bottom line: We started the week by telling you about a debate around Modern Monetary Theory, a school of economic thought that sanctions aggressive deficit spending and says resource constraints rather than fiscal constraints should underpin spending decisions. Did that line of thinking win in the pandemic response, or has it failed? We’re ending the week with an indication of just how much the political and policy winds around deficits have shifted in the last year or two.
Source - https://finance.yahoo.com/news/biden-plan-b-build-back-235849730.html
1. Fiscal gap – USA – https://www.mining.com/web/as-us-national-debt-hits-30-trillion-higher-borrowing-costs-negative-real-yields-will-make-it-harder-to-finance/
2. Property Tax - https://www.thebalance.com/best-and-worst-states-for-property-taxes-3193328
3. USA debt hits 30T - https://www.mining.com/web/as-us-national-debt-hits-30-trillion-higher-borrowing-costs-negative-real-yields-will-make-it-harder-to-finance/
4. State and Local Government - https://icma.org/blog-posts/4-factors-influencing-local-government-financial-decisions
5. Stimulus - https://www.northerntrust.com/europe/insights-research/2022/weekly-economic-commentary/crisis-that-wasnt
6. Healthcare - https://www.thedailybeast.com/doctor-shortages-in-the-us-after-covid-are-creating-a-looming-healthcare-crisis
7. Economy - https://www.dailykos.com/stories/2022/2/5/2078776/-Biden-takes-credit-for-blockbuster-jobs-report-as-GOP-caught-off-guard-from-his-economic-success
8. Keynesian - https://fee.org/articles/the-return-of-keynesianism/
9. Spending - https://www.gao.gov/blog/usaspending.gov-offers-insight-government-spending-data-quality-and-user-awareness-impact-its-usefulness
10. Pandemic responses - https://www.gao.gov/press-center/2022
11. Inflation and Drug Prices - https://www.reuters.com/world/us/biden-touts-plan-bring-down-drug-prices-helping-tame-inflation-2022-02-10/
12. Infrastructure bill - https://www.brookings.edu/blog/fixgov/2022/02/11/fighting-fraud-waste-and-abuse-the-infrastructure-bill-and-lessons-for-the-future/
Transforming the Public Sector| The United States| January 2022paul young cpa, cga
Summary
The world continues to head to big government.
More needs to be done to safeguard assets by the public sector.
Audited emergency and crisis management reports should be part of the fiscal management cycle
More money for auditor-generals as part of expanding performance and value for money audits across agencies and GBEs
Compensation and benefit reforms as part of reducing the cost of government
More adoption of the digital model as part of streamlining the government programs as part of better delivery of program spending through value fore money!
1. State and local government - https://www.govtech.com/security/general-hacking-community-tops-state-local-it-security-fears
2. Fiscal outlook - https://www.governing.com/finance/the-outlook-for-public-finance-in-2022-in-6-themes
3. Internal control - https://deloitte.wsj.com/articles/5-trends-influencing-internal-control-strategy-01641332680
4. Geopolitical risks – https://thehill.com/policy/equilibrium-sustainability/589435-climate-crisis-is-greatest-global-risk-in-2022-world
5. Climate mitigation - https://www.hilltimes.com/2022/01/10/dont-look-up-and-how-canada-needs-to-get-to-effective-climate-mitigation/337151
6. Value for money - https://www.hilltimes.com/2022/01/10/dont-look-up-and-how-canada-needs-to-get-to-effective-climate-mitigation/337151
7. Big government - https://www.economist.com/europe/2022/01/08/the-return-of-big-government-sparks-questions-for-europe
8. Privacy - https://openmedia.org/press/item/the-state-of-privacy
9. ESG - https://www.icaew.com/insights/viewpoints-on-the-news/2022/jan-2022/summary-of-public-sector-sustainability-reporting-landscape
10. Urban Planning - https://tomorrow.city/a/over-planning-and-the-risk-of-creating-less-inclusive-cities
How to fix the Governance model for Government (Public Sector).pptxpaul young cpa, cga
Summary:
I have written many presentations and blogs over the years on transforming the public sector. The public sector needs to reform its model including stronger crisis and risk management planning and analysis, creating new a compliance group that ensures all oversight agencies are free from partisan policies, governments need to learn to live within its means, all program spending should undertake a program review, taxation focus should be on tax fairness, policies should address issues like wage reform or pension reform or other reforms.
How to improve the Governance Model for the Public Sector (All Levels of Gove...paul young cpa, cga
Blog – How to Improve the Public Sector Governance model for all levels of Government – March 2023
New budget - https://www.bnnbloomberg.ca/budget-2023-key-highlights-from-the-federal-liberals-spending-plan-1.1901609
There was 6B+ fiscal gap for the ten months ending January 31, 2023 - https://www.reuters.com/markets/canada-records-c644-bln-budget-deficit-first-10-months-2022-23-2023-03-28/
More needs to be done to address Canada competitiveness - https://climateinstitute.ca/news/budget-2023-is-a-strong-gameplan-to-keep-canada-competitive/
Federal government and all levels of government need to do more to support innovation - https://www.univcan.ca/media-room/media-releases/budget-2023-a-missed-opportunity/
Canada needs to do more to address productivity - https://shopmetaltech.com/shop-management/canadas-2023-budget-must-address-declining-productivity-occ/
Labor force in Canada continues to face many challenges - https://ca.sports.yahoo.com/news/ahead-game-falling-behind-canadas-180826403.html
GDP growth continues to be a challenge for natural resource rich country like Canada - https://www.forexlive.com/news/canadian-budget-forecasts-gdp-growth-of-03-this-year-15-in-2024-and-23-in-2025-20230328/
Addressing issues with food prices continues to be a challenge for all levels of government - https://ca.finance.yahoo.com/news/walmart-costco-canada-not-making-080000514.html or https://www.newswire.ca/news-releases/media-statement-retail-council-of-canada-s-response-to-federal-budget-850440994.html
More adoption of AI could lead to how both the private and public sector drive data as part of improving business outcomes - https://www.ctvnews.ca/business/300-million-jobs-could-be-affected-by-latest-wave-of-ai-says-goldman-sachs-1.6333637
The stock market rally retreated modestly for the week, though with some big daily moves in the major indexes.
The Dow Jones Industrial Average fell nearly 1% in last week's stock market trading. The S&P 500 index gave up 1.2%. The Nasdaq composite slumped 1%. The small-cap Russell 2000 edged down 0.2%.
The 10-year Treasury yield leapt 21 basis points to 2.96%, rebounding toward 3% amid generally strong economic data and hawkish Fed comments. That follows three weeks of significant declines in the 10-year yield.
U.S. crude oil futures rose 3.3% to $118.17 a barrel last week. Gasoline futures shot up 8.7%.
Source: - https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-is-market-rally-action-bullish-tesla-has-super-bad-sell-off-apple-in-focus/
Crisis and emergency management risk management - how best to manage riskpaul young cpa, cga
Blog – Why both Public and Private Sectors need to strengthen its Crisis and Emergency Management Policies and Procedures
There are many lessons to be learned from COVID19 responses including how both private and public sector need to have better emergency and crisis plans. There should mandatory audits of crisis and emergency management plans as part of the annual filing of financial statements.
1. Insurance risks - https://riskandinsurance.com/3-emerging-risks-rising-out-of-the-pandemic-and-the-huge-impact-theyll-have-for-years-to-come/
2. Crisis management - https://www.msba.org/top-ten-tips-on-how-to-manage-a-company-crisis-second-tip-formulate-a-crisis-management-team/
3. Internal control list - https://www.auditboard.com/blog/tips-evaluating-internal-control-deficiencies/
4. ESG - https://www.corporateknights.com/responsible-investing/financial-climate-risk/
5. Human capital - https://www.protocol.com/workplace/companies-workforce-stat-reporting-requirement
6. Blog – Business Automation – What is next? - https://www.linkedin.com/pulse/blog-business-automation-what-next-paul-young/?published=t
7. Blog – Fraud Risk in the Digital Age - https://www.linkedin.com/pulse/blog-fraud-risk-digital-age-paul-young/?published=t
8. Blog – Steps to Futureproofing and Risk-Proofing Your Manufacturing Business - 60 percent of manufacturers and distributors were impacted by supply chain disruptions during the pandemic. https://www.linkedin.com/pulse/steps-futureproofing-risk-proofing-your-manufacturing-paul-young
9. Blog – 3D Printing - Canadian manufacturers poised to take 3D printing risks in 2021 As the 3D printing market continues to remain robust 2021, manufacturers are well positioned to take a risk on 3D printing’s capabilities beyond just plastics and plastic composites. https://www.canadianmanufacturing.com/manufacturing/canadian-manufacturers-poised-to-take-3d-printing-risks-in-2021-265727/ My work on 3D Printing - https://www2.slideshare.net/paulyoungcga/3d-printing-what-is-next-january-2021/paulyoungcga/3d-printing-what-is-next-january-2021
10. Blog – Safeguarding assets through proper Risk Mitigation of Geopolitical Threats - https://www.slideshare.net/paulyoungcga/how-to-mitigate-geopolitical-risks-as-part-of-safeguarding-your-assets-249988353
Public Sector - United States - How to Transform Government - June 2022.pptxpaul young cpa, cga
Summary:
Those who have been following the record surge in us public debt (excluding the roughly $100 trillion in off balance sheet obligations), which exploded by $3 trillion in the three months following the covid shutdowns and which hit an all time high $26.547 recently, will be all too aware that the us budget deficit this year and every year after will be staggering. The u.s. budget deficit has more than doubled since 2015, with spending for the 2019 fiscal year ending last september reaching $4.4 trillion versus only $3.5 trillion being brought in through. The u.s. government’s deficit in the first three months of the budget year was a record breaking $572.9 billion, 60.7% higher than the same period a year ago, as spending to deal with the covid 19 pandemic pushed outlays up while revenue declined. (all figures are in u.s. dollars.). The previous deficit record of $231.7 billion was set in february 2012. the total deficit shot past $22 trillion for the first time ever in february, or $2 trillion higher than when trump took office. The budget deficit skyrocketed 39 percent for the fiscal year compared to the same period year on year. by way of comparison, the february deficit is 46 percent larger than the government deficit.
Source - https://www.otosection.com/budget-deficit-hits-record-as-u-s-spends-100-more-than/
Summary:
U.S. equities were lower at the close on Friday, as losses in the Consumer Services, Basic Materials and Technology sectors propelled shares lower.
At the close in NYSE, the Dow Jones Industrial Average lost 1.30% to hit a new 1-month low, while the S&P 500 index declined 1.89%, and the NASDAQ Composite index declined 2.72%
Source - https://ca.investing.com/news/stock-market-news/us-shares-lower-at-close-of-trade-dow-jones-industrial-average-down-130-2625165
1. Stock Market closing - https://www.barrons.com/articles/stock-market-today-51642761802
2. Commodity Index - https://www.fxempire.com/forecasts/article/precious-metals-defying-rising-real-yields-873954
3. Oil and GDP - https://www.woodmac.com/press-releases/the-economic-impact-of-an-accelerated-energy-transition/
4. Geopolitical - https://ca.news.yahoo.com/oil-geopolitical-risks-elevated-prices-210522544.html
5. Canadian Debt - https://www.reuters.com/article/canada-forex/canada-fx-debt-canadian-dollar-gives-back-weekly-gain-on-rising-risk-aversion-idUKL1N2U125H
6. Debt - https://www.bnnbloomberg.ca/debt-strapped-canadians-brace-for-a-risky-rate-hiking-cycle-1.1711107
7. ESG - https://sustainabilitymag.com/esg/how-your-company-esg-goals-can-help-digital-inclusion
8. FDI - https://www.investmentmonitor.ai/analysis/forgotten-capital-cities-investment-ottawa-ankara-jerusalem
9. Tech supremacy - https://asia.nikkei.com/Spotlight/DealStreetAsia/China-s-state-linked-investors-backed-30-of-top-startup-deals
10. IPO - https://www.marketwatch.com/(S(o54cffqhipqemynavg0qd455))/topics/subjects/ipo
What is next for the Stock Market for the W/E January 7, 2022paul young cpa, cga
Stock Markets
Markets around the world remain jittery due to many factors like high inflation, increase case counts from omicron, global trade protectionism, and other geopolitical events.
The markets could see slower growth in 2022 in the range of 5-6%. Slower market growth will have an impact on pension funds and other assets holdings.
1. Stock Market - https://www.investors.com/news/economy/jobs-report-soft-hiring-but-unemployment-rate-dives-dow-jones-futures-fall/
2. Geopolitical risks - https://www.ausbiz.com.au/media/the-top-three-geopolitical-risks-for-2022?videoId=18420
3. USA build back better - https://www.economy.com/economicview/analysis/387186
4. Insurance - https://www.canadianunderwriter.ca/insurance/insurance-isnt-enough-governments-need-to-do-better-on-natural-disaster-resilience-1004216098/
5. ESG - https://www.mondaq.com/unitedstates/securities/1148324/paper-debunks-seven-myths-of-esg
6. GDP risk - https://www.bloomberg.com/news/articles/2022-01-07/india-on-track-to-post-world-beating-growth-amid-virus-risks
7. Inflation - https://www.bloomberg.com/news/newsletters/2022-01-07/what-s-happening-in-the-world-economy-the-inflation-shock-may-be-slowing
8. Climate change and viruses - https://blogs.timesofisrael.com/we-will-beat-neither-covid-nor-climate-change-on-our-own/
9. China - https://thehill.com/opinion/international/588783-the-china-tightrope-and-other-trade-developments-that-will-define-2022
10. Commodity Price Risk - https://thehill.com/opinion/international/588783-the-china-tightrope-and-other-trade-developments-that-will-define-2022
Summary:
Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures, with the upcoming Fed meeting in focus.
The major indexes sold off hard late last week, tumbling below key levels while recent breakouts failed dramatically. The Nasdaq plunged Friday to close below the low of its May 26 follow-through day, a very bearish signal. The current uptrend already was "under pressure" after Thursday's sell-off.
NetEase (NTES), Northrop Grumman (NOC), Eli Lilly (LLY), Albemarle (ALB) and Onsemi (ON) are all showing relative strength near buy points.
These are worthy for your watchlists, but investors should be wary of any new buys and instead reducing current exposure.
Source – https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-stock-market-flashes-bearish-signals-what-to-do/
Public Sector - United States - How to Transform Government - September 2022....paul young cpa, cga
Summary:
The federal budget deficit was $1.4 trillion for this past fiscal year, the Congressional Budget Office estimated on Tuesday.
The figure clocked in at about half of the $2.8 trillion it was in fiscal year 2021, a decline driven by a pullback in pandemic relief spending and an increase in taxes thanks to the economic recovery. Revenues were about $850 billion, or 21% higher than last year, while spending was about 8% lower than last year, the nonpartisan group said in a report.
Source: https://www.washingtonexaminer.com/policy/economy/budget-deficit-trillion-2022
1. Global Inflation - https://www.vox.com/2021/11/24/22799217/global-inflation-us-eu-germany-uk or Inflation has risen around the world, but the U.S. has seen one of the biggest increases - https://www.pewresearch.org/fact-tank/2021/11/24/inflation-has-risen-around-the-world-but-the-u-s-has-seen-one-of-the-biggest-increases/
2. GDP risk - https://www.globaldata.com/globaldata-revises-china-gdp-growth-back-sluggish-real-estate-activity-coal-shortages/
3. New variants - https://www.bbc.com/news/world-59442129
4. Housing - https://blackburnnews.com/windsor/windsor-news/2021/11/26/ontario-invites-mayors-housing-summit/
5. Stock Market - https://finance.yahoo.com/news/stock-market-news-live-updates-november-26-2021-125443465.html
6. ESG - https://sustainablebiz.ca/newsletter/sustainable-biz-canada-november-26-2021/
7. Geopolitical Risks - https://www.geopoliticalmonitor.com/section/situation-reports/
8. Debt - https://www.almendron.com/tribuna/is-sovereign-debt-impeding-africas-covid-19-recovery/
9. Circular economy - https://www.engineeringnews.co.za/article/csirs-initial-circular-economy-study-shows-potential-to-create-economy-wide-value-2021-11-26
10. Automation - https://www.helpnetsecurity.com/2021/11/26/investments-automation/
Stock Market Analysis and Commentary for WE July 7 2023.pptxpaul young cpa, cga
Blog – Stock Market Analysis for the Week-Ending July 723
Summary:
The Dow Jones Industrial Average fell 0.6% Friday. Other major indexes saw smaller declines as indexes faded into the close.
The S&P 500 and the Nasdaq also pared back from their highs of the day. The S&P 500 fell 0.3% at the close, while the Nasdaq saw a 0.1% loss.
Volume on the NYSE and on the Nasdaq was lower from Thursday's levels, according to early data.
The small-cap Russell 2000 outperformed with a 1.2% gain, while the Innovator IBD 50 ETF (FFTY) ended 0.4% higher.
Crude oil rose to $73.06 a barrel. The yield on the benchmark 10-year Treasury note was unchanged at 4.05%.
Friday's jobs report showed 209,000 new jobs in June, lower than views for 213,000. On the other hand, wage growth was strong, while the unemployment rate was in line with estimates of 3.6%. The odds of a 25-basis-point hike in the Fed's July meeting went up to 94.9%, according to the CME FedWatch Tool. The consumer price index is on watch for Wednesday.
Generative AI is a major tailwind for Dow component Microsoft (MSFT). The stock is hovering near its all-time high of 351.47. Shares are well extended from a rebound off the 10-week moving average in late April.
JPMorgan Chase (JPM) rose 0.8% after an analyst upgrade to outperform from peer perform from Wolfe Research ahead of its earnings next week. Shares are in a buy zone from a 143.37 buy point.
Caterpillar (CAT) also gained in the Dow Jones, nearing a buy point of 250.89, while health care stocks fell. The Health Care Select Sector SPDR (XLV) was off 1.2%.
Source - https://www.investors.com/market-trend/stock-market-today/dow-jones-rises-after-jobs-data-tesla-throws-gas-on-ev-price-wars-as-microsoft-eyes-all-time-high/
Additional sources and links:
Lithium - https://www.mining.com/the-global-lithium-rush-is-only-at-the-beginning/
Oil Production - https://www.bnnbloomberg.ca/oil-rises-after-production-cuts-from-saudi-arabia-russia-1.1941908
Natural Gas - https://www.nsnews.com/resources-agriculture/lng-canada-throws-down-gauntlet-to-bc-hydro-7249527
Global Inflation - https://www.fibre2fashion.com/news/textile-news/oecd-reports-slowdown-in-global-inflation-rates-for-may-2023-288707-newsdetails.htm
Geopolitical Risks and Threats - https://www.geopoliticalmonitor.com/
Food and climate - https://www.pubaffairsbruxelles.eu/opinion-analysis/climate-models-underestimate-food-security-risk-from-compound-extreme-weather/
ESG - https://smaartcompany.com/esg-disclosure-how-can-an-external-assurance-help-build-trust/
Housing - https://fortune.com/2023/07/07/housing-market-home-prices-firmed-up-first-half-2023-says-black-knight/
Commodities - https://www.usfunds.com/resource/lithium-leads-the-charge-againa-look-at-the-commodity-market-in-the-first-half-of-2023/
Technology - https://morethandigital.info/en/10-promising-innovations-that-will-change-our-world/
Climate change - https://www.nytimes.com/2023/07/07/business/energy-environment/janet-ye
Stock Market Analysis and Commentary for WE August 25 2023.pptxpaul young cpa, cga
Blog – Stock Market for the Week-Ending August 25 2023
Summary:
U.S. stocks rebounded from early losses Friday to finish in the green after Federal Reserve Chair Jerome Powell said the central bank is keeping its options open for more interest rate hikes this year.
The Nasdaq led stocks higher, gaining 0.9% to finish the week up 2.2%. The S&P 500 gained 0.7%, finishing 0.8% higher for the week. The Dow Jones Industrial Average also rose 0.7%, but fell 0.4% over the week.
Powell, speaking on day two of the Kansas City Fed's annual Jackson Hole symposium, said that while inflation had fallen from its peak, "it remains too high." He added, "We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective."
European stocks gave up gains in the afternoon but still finished slightly higher. Asian equities fell, with the Japanese Nikkei Index tumbling more than 2%.
Stocks sank yesterday despite another quarter of better-than-expected earnings from Nvidia (NVDA). The Nasdaq fell 1.9%, erasing Wednesday's big gains, while the S&P 500 lost 1.4% and the Dow Jones Industrial Average fell 1.1%.
Dow Rallies Following Powell Remarks
17 hr 18 min ago
After falling early in the session, the Dow Jones Industrial Average rallied to finish higher by 0.7%, or about 247 points, as investors shook off the remarks of Fed Chair Jerome Powell that indicated interest rates could remain high.
For the week, the index ended down about 0.4%, the Dow’s second straight weekly decline.
Boeing (BA) rose 2.8% to recover some of yesterday’s losses on reports it would need to delay deliveries of some 737 Max jets.
Salesforce (CRM) moved up 2% after filings showed it is one of several big tech companies, including Nvidia (NVDA) backing artificial intelligence startup Hugging Face. Other tech stocks helped fuel the index’s rally, including Intel (INTC), which also jumped 2%, and Apple (AAPL), up 1.3%.
Johnson & Johnson (JNJ) shares gained 1.4%, making up for some losses earlier in the week following its share swap with spin-off Kenvue.
Nike (NKE) shares gained 1.2%, breaking an 11-day losing streak—the longest in the company’s history.
Walgreens Boots Alliance (WBA) dipped 0.2%, making it the worst performer of the Dow 30 stocks during a session in which only five components fell. JPMorgan Chase (JPM) and Amgen (AMGN) both slipped 0.1%.
Source: https://www.investopedia.com/dow-jones-today-08252023-7852741
Links and sources:
Lithium - https://mexicobusiness.news/mining/news/lithium-consumers-need-stronger-lithium-supply-chain
Global GDP - https://fortune.com/2023/08/26/chinas-economy-deflation-growth-exporting-globally/
Commodities - https://www.barchart.com/story/news/19726406/drought-in-india-new-bull-market-in-ag-commodities-and-natural-gas-fundamentals
Manufacturing - https://www.business-standard.com/industry/news/opportunity-to-increas
Stock Market Analysis and Commentary for WE July 1 2023.pptxpaul young cpa, cga
Blog – Stock Market Analysis and Commentary for the week-ending June 30 2023
Stocks climbed Friday, ending a strong first half on a high note amid more signs of cooling from the Federal Reserve's preferred inflation gauge.
The S&P 500 (^GSPC) rose 1.2%, while the Dow Jones Industrial Average (^DJI) rose over 300 points, or just under 1%. The Nasdaq Composite (^IXIC) added 1.5%.
All three major stock benchmarks logged strong performances for both the year's second quarter and first half. The Nasdaq is up more than 30% since the start of the year, according to Yahoo Finance data. That represented its best first half of the year since 1983, according to data from Bespoke Investment.
The benchmark S&P 500 has gained around 16%, while the Dow has put up a more modest 4% gain.
On Friday, the Fed's preferred inflation index showed prices rose 3.8% in May on a year-over-year basis, down from a 4.4% year-over-year jump in April. And from April to May, prices ticked up just 0.1%.
The data comes after a surprise upward revision to first-quarter GDP showed the US economy is a lot stronger than Wall Street thought. Growing faith in that strength has helped drive this year's rally in stocks, even though that resilience likely means rates will stay higher for longer.
https://ca.news.yahoo.com/stock-market-news-live-updates-today-june-30-2023-104026486.html
Additional sources and links:
Lithium - https://www.kitco.com/news/2023-06-30/Why-direct-lithium-extraction-is-the-critical-mineral-sector-s-needed-technology.html
Metals - https://www.fastmarkets.com/insights/steel-decarbonization-economic-opportunity-not-government-regulation
Oil Production - https://www.reuters.com/business/energy/opec-oil-output-posts-small-drop-june-ahead-saudi-cut-reuters-survey-2023-06-30/
Natural gas - https://www.naturalgasworld.com/us-drillers-cut-oil-and-gas-rigs-for-ninth-week-in-a-row-baker-hughes-105911 or https://www.naturalgasintel.com/european-natural-gas-consumption-continues-to-plummet/
Food - https://www.foodbusinessnews.net/articles/7-progressing-harvest-pulls-wheat-futures-to-four-month-lows
Inflation - https://www.aljazeera.com/program/counting-the-cost/2023/7/1/inflation-is-slowing-but-why-is-the-fight-against-it-ramping-up
PMI - https://www.reuters.com/markets/asia/chinas-june-factory-activity-falls-third-straight-month-pmi-2023-06-30/
Housing - https://www.benzinga.com/trading-ideas/long-ideas/23/06/33082977/sofi-shows-wild-price-action-after-supreme-court-axes-student-loan-forgiveness-the-bull-
ESG - https://carboncredits.com/issb-first-global-climate-and-sustainability-esg-reporting-standards/
Geopolitical risks - https://worldview.stratfor.com/
Debt - https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/cracks-appear-in-us-economy-as-debt-delinquencies-creep-up-76020170?utm_medium=referral&utm_source=marketo&utm_campaign=MS-2306-PC-GL-CT-RASS-All-SYN-Debt-reckoning
Stock Market Analysis and Commentary for WE August 18 2023.pptxpaul young cpa, cga
Summary:
US stocks recovered from steep early losses in Friday's session but ended the week with sharp drops as an August swoon continued for Wall Street.
The Dow Jones Industrial Average (^DJI) finished slightly above the flatline, while the S&P 500 (^GSPC) fell slightly on the other side of it. The tech-heavy Nasdaq Composite (^IXIC) was down a modest 0.2% lower after three consecutive days of sharp losses.
For the week, the S&P 500 and Nasdaq each saw losses of around 2%.
Meanwhile, the 10-year Treasury yield (^TNX) fell slightly Friday to around 4.25% but remained near recent highs.
The moves come as investors consider the prospect that interest rates could remain higher for longer after Federal Reserve minutes this week showed the central bank wouldn't rule out further hikes. The next clue on the Fed's next move will come from Chair Jay Powell, who is set to give a speech next Friday at the annual Jackson Hole Economic Policy Symposium.
Source: https://finance.yahoo.com/news/stocks-crawl-back-to-close-rough-week-on-mixed-note-stock-market-news-today-200046956.html
Additional links and sources:
Agriculture - https://www.agriculture.com/grain-markets-on-the-up-or-august-18-2023-7692855
Lithium - https://finance.yahoo.com/news/lithium-metal-market-reach-13-140500079.html
Oil Production - https://oilprice.com/Energy/Energy-General/Rig-Count-Decline-Accelerates-Amid-Rising-US-Crude-Oil-Production.html
Natural Gas - https://www.dw.com/en/lng-supplies-why-europe-is-spooked-by-australian-strike/a-66567877
Ports - https://www.hapag-lloyd.com/en/services-information/operational-updates/north-america.html
Steel - https://www.barchart.com/story/news/19378449/aisi-us-raw-steel-production-surged
Technology - https://www.crn.com/news/channel-news/6-key-takeaways-about-it-spending-in-2023-so-far-idc or https://siliconangle.com/2023/08/18/week-enterprise-gen-ai-hype-cybersecurity-leaders-laggards-cisco-tech-spending-boost/
ESG - https://www.nasdaq.com/articles/does-it-matter-what-investors-think-about-esg
Manufacturing - https://www.troweprice.com/personal-investing/resources/insights/global-markets-weekly-update.html
Housing - https://storeys.com/canada-home-prices-moderate-affordability/
Food - http://www.fnbnews.com/Top-News/addressing-three-key-contradictions-in-the-food-sector-farmers-food-surplus--climate-change-solutions-74156
Geopolitical - https://worldview.stratfor.com/
Commodities - https://www.northernminer.com/analysis/commodity-investing-the-antidote-to-the-age-of-scarcity/1003857836/
Summary:
The S&P 500 Index recorded its best weekly gain since February, as fears seemed to abate about the new omicron variant of the coronavirus. Most of the benchmarks moved near their record highs, and the S&P Midcap 400 Index reached a new peak on Friday. Information technology stocks drove much of the rally, as solid gains in Apple pushed the market capitalization of the world’s most highly valued public company near USD 3 trillion. Shares of financial firms and utilities lagged but still recorded gains.
Source - https://www.troweprice.com/personal-investing/resources/insights/global-markets-weekly-update.html
1. Global Outlook - https://www.advisor.ca/news/economic/global-gdp-call-trimmed-as-rate-hikes-loom-larger/
2. Geopolitical risks - https://www.ey.com/en_gl/geostrategy/when-political-disruption-surrounds-you-whats-your-next-strategic-move
3. Dollar - https://www.bloomberg.com/news/articles/2021-12-10/canadian-dollar-underperforms-following-u-s-inflation-print
4. Inflation - https://ca.finance.yahoo.com/news/price-shock-meat-counter-worsens-183234485.html
5. AI and Data Center - https://www.zdnet.com/article/artificial-intelligence-runs-more-data-centers-but-still-wont-relieve-technology-staffing-woes/
6. Consumer spending - https://www.businessinsider.com/inflation-will-cool-next-year-discounts-supply-crisis-economist-outlook-2021-12
7. Small business - https://www.nasdaq.com/articles/small-business-outlook%3A-6-predictions-for-2022?amp
8. TD - https://economics.td.com/ca-weekly-bottom-line
9. Supply chain - https://www.gobankingrates.com/money/economy/end-to-supply-chain-issues-in-sight-2021-winds-down-experts-optimistic/
10. Debt – https://www.reuters.com/markets/rates-bonds/canada-q3-household-debt-to-income-ratio-rises-1773-2021-12-10/
11. ESG – V https://www.bloomberg.com/news/audio/2021-12-10/the-esg-mirage-podcast
Stock Market Analysis and Commentary for WE August 4 2023.pptxpaul young cpa, cga
Blog – Stock Market for the Week-Ending August 4, 2023
Summary:
Stocks flipped into the red Friday afternoon after looking set to rebound earlier in the session, putting the cap on a rough first few days in August as the jobs report's release took center stage and an earnings-heavy calendar continued.
The S&P 500 (^GSPC) finished down 0.5%, while the Dow Jones Industrial Average (^DJI) fell 0.4%. The tech-heavy Nasdaq Composite (^IXIC) slipped by 0.4% after gaining as much as 1% earlier in the session.
The S&P 500 and Nasdaq were both down more than 2% to end the first week of August trading.
The July jobs report showed continued cooling in the labor market, as nonfarm payrolls rose by 187,000 last month while the unemployment rate dipped slightly to 3.5%. The numbers will serve as a key indicator for the Fed as it determines whether to halt its interest rate hiking campaign next month.
Elsewhere, Amazon (AMZN) stock was buzzing Friday, finishing more than 8% after earnings beat all around, combined with rosy guidance for the near term. Apple (AAPL), by contrast, was down almost 5% after the iPhone maker reported sluggish sales of that flagship product and a third straight quarter of declining revenue overall.
Source - https://finance.yahoo.com/news/stocks-flip-to-losses-to-end-rough-week-amazon-surges-stock-market-news-today-200617333.html
Links and sources:
Lithium - https://source.benchmarkminerals.com/article/lithium-industry-needs-over-116-billion-to-meet-automaker-and-policy-targets-by-2030
USA – GDP - https://www.spglobal.com/marketintelligence/en/mi/research-analysis/us-monthly-gdp-index-for-june-2023.html
Supply chain - https://mba.ncsu.edu/2023/08/04/rob-handfield-discusses-how-governments-can-better-prepare-for-supply-chain-disruptions/
Global commodities - https://www.foodbusinessnews.net/articles/7-progressing-harvest-pulls-wheat-futures-to-four-month-lows
Oil Production - https://13wham.com/news/nation-world/gas-prices-jump-as-extreme-heat-and-oil-production-cuts-add-up-brent-crude-west-texas-intermediate-refineries-weather-opec-saudi-arabia-russia-war-in-ukraine-strategic-petroleum-reserve
Natural Gas - https://www.castanet.net/news/Business/440176/Construction-of-FortisBCs-Eagle-Mountain-Woodfibre-Gas-Pipeline-set-to-begin-in-Squamish
SEC - https://www.conference-board.org/press/press-release-ESG-backlash
Geopolitical risks and threats - https://worldview.stratfor.com/
Critical Metals - https://www.rechargenews.com/wind/global-offshore-wind-needs-reliable-resilient-affordable-critical-minerals-strategy/2-1-1496037
https://www.ipe.com/news/edhec-risk-concerned-about-availability-and-quality-of-esrs-disclosures/10068181.article
Stock Market Analysis and Commentary for WE August 11 2023.pptxpaul young cpa, cga
Blog – Analysis of the Stock Market for WE August 11, 2023
Summary:
Stocks ended the session mixed on Friday as investors reacted to a report showing wholesale prices rose more than expected in July.
The Nasdaq fell 0.7% while the S&P 500 slipped 0.1%. The Dow Jones Industrial Average slid at the open but recovered to close up about 0.3%. The Dow was the only index to post gains for the week, rising 0.6%. The S&P 500 and Nasdaq both lost ground for the second week in a row, falling 0.3% and 1.9%, respectively.
The Producer Price Index (PPI) rose 0.3% last month after increasing 0.1% in June. Economists had expected wholesale inflation to rise, but only to 0.2%. Core PPI, which excludes volatile food and energy prices, also climbed 0.3%, up from 0.1% in June. The data comes a day after the Consumer Price Index rose 0.2% for the second straight month, a rate nearly consistent with the Fed's 2% inflation target
Source - https://www.investopedia.com/dow-jones-today-08112023-7642347
Links and sources:
Oil Production - https://foreignpolicy.com/2023/08/11/crude-oil-demand-opec-price-increase-china-saudi-arabia-russia/
Natural Gas - https://www.reuters.com/business/energy/us-drillers-cut-oil-gas-rigs-fifth-week-row-baker-hughes-2023-08-11/
Lithium - https://www.enverus.com/blog/direct-lithium-extraction-could-be-key-to-unlocking-domestic-supply/
Forestry - https://www.resourcewise.com/forest-products-blog/canadian-lumber-market-shrinking-could-europe-fill-gap
Mining - https://www.mining.com/mining-is-growing-rapidly-so-are-investor-state-disputes/
Inflation - https://www.bnnbloomberg.ca/charting-the-global-economy-us-stays-on-moderate-inflation-path-1.1958052
Housing - https://globalnews.ca/news/9890405/tiny-homes-pilot-late-2023-if-approved/
Technology - https://www.thedailystar.net/life-living/news/tech-trends-will-shape-our-future-3390151
Geopolitical - https://worldview.stratfor.com/
Economies - https://finance.yahoo.com/news/20-countries-highest-rate-economic-121800158.html or
Summary:
Stock markets continue to struggle over the past few weeks due to many factors like rise in COVID19 cases and geopolitical issues with countries like Russia and China.
Commodity Prices continue to rise, especially LNG and coal due to the demands for electricity.
China could see GDP growth of only 5.2% for 2022.
1. Inflation - https://www.ft.com/content/1769e10d-9ff6-4c4b-8c7b-0098d321cd29
2. Indicators - https://www.bloomberg.com/graphics/world-economic-indicators-dashboard/
3. Business automation - https://medium.com/geekculture/2022-tech-predictions-5-automation-trends-worth-following-ba6038dc831f
4. Agriculture - https://economictimes.indiatimes.com/small-biz/sme-sector/how-technology-will-drive-the-new-age-agri-revolution-in-india-in-2022/articleshow/88628999.cms?from=mdr
5. Commodities - https://www.agriculture.com/markets/newswire/update-1-lng-coal-lead-2021-commodities-rally-as-markets-eye-covid-19-for-next-move
6. Housing - https://www.bnnbloomberg.ca/real-estate/video/we-are-expecting-a-10-decline-in-average-price-of-homes-in-2021-2022-chief-economist~2173206
7. Challenges - https://www.contactcenterpipeline.com/Article/2022-challenges-and-priorities-survey-a-triple-whammy-of-challenges
8. Geopolitical risks - https://theglobalherald.com/news/russia-and-china-rank-as-biggest-global-risks-to-watch-for-in-2022-says-atlantic-groups-kempe/
9. Food Prices - https://www.msn.com/en-us/money/other/food-prices-keep-rising-so-avoid-these-grocery-missteps/ss-AASjsjk
10. GDP - https://www.ft.com/content/1769e10d-9ff6-4c4b-8c7b-0098d321cd29
How to improve the Governance Model for the Public Sector (All Levels of Gove...paul young cpa, cga
Blog – How to Improve the Public Sector Governance model for all levels of Government – March 2023
New budget - https://www.bnnbloomberg.ca/budget-2023-key-highlights-from-the-federal-liberals-spending-plan-1.1901609
There was 6B+ fiscal gap for the ten months ending January 31, 2023 - https://www.reuters.com/markets/canada-records-c644-bln-budget-deficit-first-10-months-2022-23-2023-03-28/
More needs to be done to address Canada competitiveness - https://climateinstitute.ca/news/budget-2023-is-a-strong-gameplan-to-keep-canada-competitive/
Federal government and all levels of government need to do more to support innovation - https://www.univcan.ca/media-room/media-releases/budget-2023-a-missed-opportunity/
Canada needs to do more to address productivity - https://shopmetaltech.com/shop-management/canadas-2023-budget-must-address-declining-productivity-occ/
Labor force in Canada continues to face many challenges - https://ca.sports.yahoo.com/news/ahead-game-falling-behind-canadas-180826403.html
GDP growth continues to be a challenge for natural resource rich country like Canada - https://www.forexlive.com/news/canadian-budget-forecasts-gdp-growth-of-03-this-year-15-in-2024-and-23-in-2025-20230328/
Addressing issues with food prices continues to be a challenge for all levels of government - https://ca.finance.yahoo.com/news/walmart-costco-canada-not-making-080000514.html or https://www.newswire.ca/news-releases/media-statement-retail-council-of-canada-s-response-to-federal-budget-850440994.html
More adoption of AI could lead to how both the private and public sector drive data as part of improving business outcomes - https://www.ctvnews.ca/business/300-million-jobs-could-be-affected-by-latest-wave-of-ai-says-goldman-sachs-1.6333637
The stock market rally retreated modestly for the week, though with some big daily moves in the major indexes.
The Dow Jones Industrial Average fell nearly 1% in last week's stock market trading. The S&P 500 index gave up 1.2%. The Nasdaq composite slumped 1%. The small-cap Russell 2000 edged down 0.2%.
The 10-year Treasury yield leapt 21 basis points to 2.96%, rebounding toward 3% amid generally strong economic data and hawkish Fed comments. That follows three weeks of significant declines in the 10-year yield.
U.S. crude oil futures rose 3.3% to $118.17 a barrel last week. Gasoline futures shot up 8.7%.
Source: - https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-is-market-rally-action-bullish-tesla-has-super-bad-sell-off-apple-in-focus/
Crisis and emergency management risk management - how best to manage riskpaul young cpa, cga
Blog – Why both Public and Private Sectors need to strengthen its Crisis and Emergency Management Policies and Procedures
There are many lessons to be learned from COVID19 responses including how both private and public sector need to have better emergency and crisis plans. There should mandatory audits of crisis and emergency management plans as part of the annual filing of financial statements.
1. Insurance risks - https://riskandinsurance.com/3-emerging-risks-rising-out-of-the-pandemic-and-the-huge-impact-theyll-have-for-years-to-come/
2. Crisis management - https://www.msba.org/top-ten-tips-on-how-to-manage-a-company-crisis-second-tip-formulate-a-crisis-management-team/
3. Internal control list - https://www.auditboard.com/blog/tips-evaluating-internal-control-deficiencies/
4. ESG - https://www.corporateknights.com/responsible-investing/financial-climate-risk/
5. Human capital - https://www.protocol.com/workplace/companies-workforce-stat-reporting-requirement
6. Blog – Business Automation – What is next? - https://www.linkedin.com/pulse/blog-business-automation-what-next-paul-young/?published=t
7. Blog – Fraud Risk in the Digital Age - https://www.linkedin.com/pulse/blog-fraud-risk-digital-age-paul-young/?published=t
8. Blog – Steps to Futureproofing and Risk-Proofing Your Manufacturing Business - 60 percent of manufacturers and distributors were impacted by supply chain disruptions during the pandemic. https://www.linkedin.com/pulse/steps-futureproofing-risk-proofing-your-manufacturing-paul-young
9. Blog – 3D Printing - Canadian manufacturers poised to take 3D printing risks in 2021 As the 3D printing market continues to remain robust 2021, manufacturers are well positioned to take a risk on 3D printing’s capabilities beyond just plastics and plastic composites. https://www.canadianmanufacturing.com/manufacturing/canadian-manufacturers-poised-to-take-3d-printing-risks-in-2021-265727/ My work on 3D Printing - https://www2.slideshare.net/paulyoungcga/3d-printing-what-is-next-january-2021/paulyoungcga/3d-printing-what-is-next-january-2021
10. Blog – Safeguarding assets through proper Risk Mitigation of Geopolitical Threats - https://www.slideshare.net/paulyoungcga/how-to-mitigate-geopolitical-risks-as-part-of-safeguarding-your-assets-249988353
Public Sector - United States - How to Transform Government - June 2022.pptxpaul young cpa, cga
Summary:
Those who have been following the record surge in us public debt (excluding the roughly $100 trillion in off balance sheet obligations), which exploded by $3 trillion in the three months following the covid shutdowns and which hit an all time high $26.547 recently, will be all too aware that the us budget deficit this year and every year after will be staggering. The u.s. budget deficit has more than doubled since 2015, with spending for the 2019 fiscal year ending last september reaching $4.4 trillion versus only $3.5 trillion being brought in through. The u.s. government’s deficit in the first three months of the budget year was a record breaking $572.9 billion, 60.7% higher than the same period a year ago, as spending to deal with the covid 19 pandemic pushed outlays up while revenue declined. (all figures are in u.s. dollars.). The previous deficit record of $231.7 billion was set in february 2012. the total deficit shot past $22 trillion for the first time ever in february, or $2 trillion higher than when trump took office. The budget deficit skyrocketed 39 percent for the fiscal year compared to the same period year on year. by way of comparison, the february deficit is 46 percent larger than the government deficit.
Source - https://www.otosection.com/budget-deficit-hits-record-as-u-s-spends-100-more-than/
Summary:
U.S. equities were lower at the close on Friday, as losses in the Consumer Services, Basic Materials and Technology sectors propelled shares lower.
At the close in NYSE, the Dow Jones Industrial Average lost 1.30% to hit a new 1-month low, while the S&P 500 index declined 1.89%, and the NASDAQ Composite index declined 2.72%
Source - https://ca.investing.com/news/stock-market-news/us-shares-lower-at-close-of-trade-dow-jones-industrial-average-down-130-2625165
1. Stock Market closing - https://www.barrons.com/articles/stock-market-today-51642761802
2. Commodity Index - https://www.fxempire.com/forecasts/article/precious-metals-defying-rising-real-yields-873954
3. Oil and GDP - https://www.woodmac.com/press-releases/the-economic-impact-of-an-accelerated-energy-transition/
4. Geopolitical - https://ca.news.yahoo.com/oil-geopolitical-risks-elevated-prices-210522544.html
5. Canadian Debt - https://www.reuters.com/article/canada-forex/canada-fx-debt-canadian-dollar-gives-back-weekly-gain-on-rising-risk-aversion-idUKL1N2U125H
6. Debt - https://www.bnnbloomberg.ca/debt-strapped-canadians-brace-for-a-risky-rate-hiking-cycle-1.1711107
7. ESG - https://sustainabilitymag.com/esg/how-your-company-esg-goals-can-help-digital-inclusion
8. FDI - https://www.investmentmonitor.ai/analysis/forgotten-capital-cities-investment-ottawa-ankara-jerusalem
9. Tech supremacy - https://asia.nikkei.com/Spotlight/DealStreetAsia/China-s-state-linked-investors-backed-30-of-top-startup-deals
10. IPO - https://www.marketwatch.com/(S(o54cffqhipqemynavg0qd455))/topics/subjects/ipo
What is next for the Stock Market for the W/E January 7, 2022paul young cpa, cga
Stock Markets
Markets around the world remain jittery due to many factors like high inflation, increase case counts from omicron, global trade protectionism, and other geopolitical events.
The markets could see slower growth in 2022 in the range of 5-6%. Slower market growth will have an impact on pension funds and other assets holdings.
1. Stock Market - https://www.investors.com/news/economy/jobs-report-soft-hiring-but-unemployment-rate-dives-dow-jones-futures-fall/
2. Geopolitical risks - https://www.ausbiz.com.au/media/the-top-three-geopolitical-risks-for-2022?videoId=18420
3. USA build back better - https://www.economy.com/economicview/analysis/387186
4. Insurance - https://www.canadianunderwriter.ca/insurance/insurance-isnt-enough-governments-need-to-do-better-on-natural-disaster-resilience-1004216098/
5. ESG - https://www.mondaq.com/unitedstates/securities/1148324/paper-debunks-seven-myths-of-esg
6. GDP risk - https://www.bloomberg.com/news/articles/2022-01-07/india-on-track-to-post-world-beating-growth-amid-virus-risks
7. Inflation - https://www.bloomberg.com/news/newsletters/2022-01-07/what-s-happening-in-the-world-economy-the-inflation-shock-may-be-slowing
8. Climate change and viruses - https://blogs.timesofisrael.com/we-will-beat-neither-covid-nor-climate-change-on-our-own/
9. China - https://thehill.com/opinion/international/588783-the-china-tightrope-and-other-trade-developments-that-will-define-2022
10. Commodity Price Risk - https://thehill.com/opinion/international/588783-the-china-tightrope-and-other-trade-developments-that-will-define-2022
Summary:
Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures, with the upcoming Fed meeting in focus.
The major indexes sold off hard late last week, tumbling below key levels while recent breakouts failed dramatically. The Nasdaq plunged Friday to close below the low of its May 26 follow-through day, a very bearish signal. The current uptrend already was "under pressure" after Thursday's sell-off.
NetEase (NTES), Northrop Grumman (NOC), Eli Lilly (LLY), Albemarle (ALB) and Onsemi (ON) are all showing relative strength near buy points.
These are worthy for your watchlists, but investors should be wary of any new buys and instead reducing current exposure.
Source – https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-stock-market-flashes-bearish-signals-what-to-do/
Public Sector - United States - How to Transform Government - September 2022....paul young cpa, cga
Summary:
The federal budget deficit was $1.4 trillion for this past fiscal year, the Congressional Budget Office estimated on Tuesday.
The figure clocked in at about half of the $2.8 trillion it was in fiscal year 2021, a decline driven by a pullback in pandemic relief spending and an increase in taxes thanks to the economic recovery. Revenues were about $850 billion, or 21% higher than last year, while spending was about 8% lower than last year, the nonpartisan group said in a report.
Source: https://www.washingtonexaminer.com/policy/economy/budget-deficit-trillion-2022
1. Global Inflation - https://www.vox.com/2021/11/24/22799217/global-inflation-us-eu-germany-uk or Inflation has risen around the world, but the U.S. has seen one of the biggest increases - https://www.pewresearch.org/fact-tank/2021/11/24/inflation-has-risen-around-the-world-but-the-u-s-has-seen-one-of-the-biggest-increases/
2. GDP risk - https://www.globaldata.com/globaldata-revises-china-gdp-growth-back-sluggish-real-estate-activity-coal-shortages/
3. New variants - https://www.bbc.com/news/world-59442129
4. Housing - https://blackburnnews.com/windsor/windsor-news/2021/11/26/ontario-invites-mayors-housing-summit/
5. Stock Market - https://finance.yahoo.com/news/stock-market-news-live-updates-november-26-2021-125443465.html
6. ESG - https://sustainablebiz.ca/newsletter/sustainable-biz-canada-november-26-2021/
7. Geopolitical Risks - https://www.geopoliticalmonitor.com/section/situation-reports/
8. Debt - https://www.almendron.com/tribuna/is-sovereign-debt-impeding-africas-covid-19-recovery/
9. Circular economy - https://www.engineeringnews.co.za/article/csirs-initial-circular-economy-study-shows-potential-to-create-economy-wide-value-2021-11-26
10. Automation - https://www.helpnetsecurity.com/2021/11/26/investments-automation/
Stock Market Analysis and Commentary for WE July 7 2023.pptxpaul young cpa, cga
Blog – Stock Market Analysis for the Week-Ending July 723
Summary:
The Dow Jones Industrial Average fell 0.6% Friday. Other major indexes saw smaller declines as indexes faded into the close.
The S&P 500 and the Nasdaq also pared back from their highs of the day. The S&P 500 fell 0.3% at the close, while the Nasdaq saw a 0.1% loss.
Volume on the NYSE and on the Nasdaq was lower from Thursday's levels, according to early data.
The small-cap Russell 2000 outperformed with a 1.2% gain, while the Innovator IBD 50 ETF (FFTY) ended 0.4% higher.
Crude oil rose to $73.06 a barrel. The yield on the benchmark 10-year Treasury note was unchanged at 4.05%.
Friday's jobs report showed 209,000 new jobs in June, lower than views for 213,000. On the other hand, wage growth was strong, while the unemployment rate was in line with estimates of 3.6%. The odds of a 25-basis-point hike in the Fed's July meeting went up to 94.9%, according to the CME FedWatch Tool. The consumer price index is on watch for Wednesday.
Generative AI is a major tailwind for Dow component Microsoft (MSFT). The stock is hovering near its all-time high of 351.47. Shares are well extended from a rebound off the 10-week moving average in late April.
JPMorgan Chase (JPM) rose 0.8% after an analyst upgrade to outperform from peer perform from Wolfe Research ahead of its earnings next week. Shares are in a buy zone from a 143.37 buy point.
Caterpillar (CAT) also gained in the Dow Jones, nearing a buy point of 250.89, while health care stocks fell. The Health Care Select Sector SPDR (XLV) was off 1.2%.
Source - https://www.investors.com/market-trend/stock-market-today/dow-jones-rises-after-jobs-data-tesla-throws-gas-on-ev-price-wars-as-microsoft-eyes-all-time-high/
Additional sources and links:
Lithium - https://www.mining.com/the-global-lithium-rush-is-only-at-the-beginning/
Oil Production - https://www.bnnbloomberg.ca/oil-rises-after-production-cuts-from-saudi-arabia-russia-1.1941908
Natural Gas - https://www.nsnews.com/resources-agriculture/lng-canada-throws-down-gauntlet-to-bc-hydro-7249527
Global Inflation - https://www.fibre2fashion.com/news/textile-news/oecd-reports-slowdown-in-global-inflation-rates-for-may-2023-288707-newsdetails.htm
Geopolitical Risks and Threats - https://www.geopoliticalmonitor.com/
Food and climate - https://www.pubaffairsbruxelles.eu/opinion-analysis/climate-models-underestimate-food-security-risk-from-compound-extreme-weather/
ESG - https://smaartcompany.com/esg-disclosure-how-can-an-external-assurance-help-build-trust/
Housing - https://fortune.com/2023/07/07/housing-market-home-prices-firmed-up-first-half-2023-says-black-knight/
Commodities - https://www.usfunds.com/resource/lithium-leads-the-charge-againa-look-at-the-commodity-market-in-the-first-half-of-2023/
Technology - https://morethandigital.info/en/10-promising-innovations-that-will-change-our-world/
Climate change - https://www.nytimes.com/2023/07/07/business/energy-environment/janet-ye
Stock Market Analysis and Commentary for WE August 25 2023.pptxpaul young cpa, cga
Blog – Stock Market for the Week-Ending August 25 2023
Summary:
U.S. stocks rebounded from early losses Friday to finish in the green after Federal Reserve Chair Jerome Powell said the central bank is keeping its options open for more interest rate hikes this year.
The Nasdaq led stocks higher, gaining 0.9% to finish the week up 2.2%. The S&P 500 gained 0.7%, finishing 0.8% higher for the week. The Dow Jones Industrial Average also rose 0.7%, but fell 0.4% over the week.
Powell, speaking on day two of the Kansas City Fed's annual Jackson Hole symposium, said that while inflation had fallen from its peak, "it remains too high." He added, "We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective."
European stocks gave up gains in the afternoon but still finished slightly higher. Asian equities fell, with the Japanese Nikkei Index tumbling more than 2%.
Stocks sank yesterday despite another quarter of better-than-expected earnings from Nvidia (NVDA). The Nasdaq fell 1.9%, erasing Wednesday's big gains, while the S&P 500 lost 1.4% and the Dow Jones Industrial Average fell 1.1%.
Dow Rallies Following Powell Remarks
17 hr 18 min ago
After falling early in the session, the Dow Jones Industrial Average rallied to finish higher by 0.7%, or about 247 points, as investors shook off the remarks of Fed Chair Jerome Powell that indicated interest rates could remain high.
For the week, the index ended down about 0.4%, the Dow’s second straight weekly decline.
Boeing (BA) rose 2.8% to recover some of yesterday’s losses on reports it would need to delay deliveries of some 737 Max jets.
Salesforce (CRM) moved up 2% after filings showed it is one of several big tech companies, including Nvidia (NVDA) backing artificial intelligence startup Hugging Face. Other tech stocks helped fuel the index’s rally, including Intel (INTC), which also jumped 2%, and Apple (AAPL), up 1.3%.
Johnson & Johnson (JNJ) shares gained 1.4%, making up for some losses earlier in the week following its share swap with spin-off Kenvue.
Nike (NKE) shares gained 1.2%, breaking an 11-day losing streak—the longest in the company’s history.
Walgreens Boots Alliance (WBA) dipped 0.2%, making it the worst performer of the Dow 30 stocks during a session in which only five components fell. JPMorgan Chase (JPM) and Amgen (AMGN) both slipped 0.1%.
Source: https://www.investopedia.com/dow-jones-today-08252023-7852741
Links and sources:
Lithium - https://mexicobusiness.news/mining/news/lithium-consumers-need-stronger-lithium-supply-chain
Global GDP - https://fortune.com/2023/08/26/chinas-economy-deflation-growth-exporting-globally/
Commodities - https://www.barchart.com/story/news/19726406/drought-in-india-new-bull-market-in-ag-commodities-and-natural-gas-fundamentals
Manufacturing - https://www.business-standard.com/industry/news/opportunity-to-increas
Stock Market Analysis and Commentary for WE July 1 2023.pptxpaul young cpa, cga
Blog – Stock Market Analysis and Commentary for the week-ending June 30 2023
Stocks climbed Friday, ending a strong first half on a high note amid more signs of cooling from the Federal Reserve's preferred inflation gauge.
The S&P 500 (^GSPC) rose 1.2%, while the Dow Jones Industrial Average (^DJI) rose over 300 points, or just under 1%. The Nasdaq Composite (^IXIC) added 1.5%.
All three major stock benchmarks logged strong performances for both the year's second quarter and first half. The Nasdaq is up more than 30% since the start of the year, according to Yahoo Finance data. That represented its best first half of the year since 1983, according to data from Bespoke Investment.
The benchmark S&P 500 has gained around 16%, while the Dow has put up a more modest 4% gain.
On Friday, the Fed's preferred inflation index showed prices rose 3.8% in May on a year-over-year basis, down from a 4.4% year-over-year jump in April. And from April to May, prices ticked up just 0.1%.
The data comes after a surprise upward revision to first-quarter GDP showed the US economy is a lot stronger than Wall Street thought. Growing faith in that strength has helped drive this year's rally in stocks, even though that resilience likely means rates will stay higher for longer.
https://ca.news.yahoo.com/stock-market-news-live-updates-today-june-30-2023-104026486.html
Additional sources and links:
Lithium - https://www.kitco.com/news/2023-06-30/Why-direct-lithium-extraction-is-the-critical-mineral-sector-s-needed-technology.html
Metals - https://www.fastmarkets.com/insights/steel-decarbonization-economic-opportunity-not-government-regulation
Oil Production - https://www.reuters.com/business/energy/opec-oil-output-posts-small-drop-june-ahead-saudi-cut-reuters-survey-2023-06-30/
Natural gas - https://www.naturalgasworld.com/us-drillers-cut-oil-and-gas-rigs-for-ninth-week-in-a-row-baker-hughes-105911 or https://www.naturalgasintel.com/european-natural-gas-consumption-continues-to-plummet/
Food - https://www.foodbusinessnews.net/articles/7-progressing-harvest-pulls-wheat-futures-to-four-month-lows
Inflation - https://www.aljazeera.com/program/counting-the-cost/2023/7/1/inflation-is-slowing-but-why-is-the-fight-against-it-ramping-up
PMI - https://www.reuters.com/markets/asia/chinas-june-factory-activity-falls-third-straight-month-pmi-2023-06-30/
Housing - https://www.benzinga.com/trading-ideas/long-ideas/23/06/33082977/sofi-shows-wild-price-action-after-supreme-court-axes-student-loan-forgiveness-the-bull-
ESG - https://carboncredits.com/issb-first-global-climate-and-sustainability-esg-reporting-standards/
Geopolitical risks - https://worldview.stratfor.com/
Debt - https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/cracks-appear-in-us-economy-as-debt-delinquencies-creep-up-76020170?utm_medium=referral&utm_source=marketo&utm_campaign=MS-2306-PC-GL-CT-RASS-All-SYN-Debt-reckoning
Stock Market Analysis and Commentary for WE August 18 2023.pptxpaul young cpa, cga
Summary:
US stocks recovered from steep early losses in Friday's session but ended the week with sharp drops as an August swoon continued for Wall Street.
The Dow Jones Industrial Average (^DJI) finished slightly above the flatline, while the S&P 500 (^GSPC) fell slightly on the other side of it. The tech-heavy Nasdaq Composite (^IXIC) was down a modest 0.2% lower after three consecutive days of sharp losses.
For the week, the S&P 500 and Nasdaq each saw losses of around 2%.
Meanwhile, the 10-year Treasury yield (^TNX) fell slightly Friday to around 4.25% but remained near recent highs.
The moves come as investors consider the prospect that interest rates could remain higher for longer after Federal Reserve minutes this week showed the central bank wouldn't rule out further hikes. The next clue on the Fed's next move will come from Chair Jay Powell, who is set to give a speech next Friday at the annual Jackson Hole Economic Policy Symposium.
Source: https://finance.yahoo.com/news/stocks-crawl-back-to-close-rough-week-on-mixed-note-stock-market-news-today-200046956.html
Additional links and sources:
Agriculture - https://www.agriculture.com/grain-markets-on-the-up-or-august-18-2023-7692855
Lithium - https://finance.yahoo.com/news/lithium-metal-market-reach-13-140500079.html
Oil Production - https://oilprice.com/Energy/Energy-General/Rig-Count-Decline-Accelerates-Amid-Rising-US-Crude-Oil-Production.html
Natural Gas - https://www.dw.com/en/lng-supplies-why-europe-is-spooked-by-australian-strike/a-66567877
Ports - https://www.hapag-lloyd.com/en/services-information/operational-updates/north-america.html
Steel - https://www.barchart.com/story/news/19378449/aisi-us-raw-steel-production-surged
Technology - https://www.crn.com/news/channel-news/6-key-takeaways-about-it-spending-in-2023-so-far-idc or https://siliconangle.com/2023/08/18/week-enterprise-gen-ai-hype-cybersecurity-leaders-laggards-cisco-tech-spending-boost/
ESG - https://www.nasdaq.com/articles/does-it-matter-what-investors-think-about-esg
Manufacturing - https://www.troweprice.com/personal-investing/resources/insights/global-markets-weekly-update.html
Housing - https://storeys.com/canada-home-prices-moderate-affordability/
Food - http://www.fnbnews.com/Top-News/addressing-three-key-contradictions-in-the-food-sector-farmers-food-surplus--climate-change-solutions-74156
Geopolitical - https://worldview.stratfor.com/
Commodities - https://www.northernminer.com/analysis/commodity-investing-the-antidote-to-the-age-of-scarcity/1003857836/
Summary:
The S&P 500 Index recorded its best weekly gain since February, as fears seemed to abate about the new omicron variant of the coronavirus. Most of the benchmarks moved near their record highs, and the S&P Midcap 400 Index reached a new peak on Friday. Information technology stocks drove much of the rally, as solid gains in Apple pushed the market capitalization of the world’s most highly valued public company near USD 3 trillion. Shares of financial firms and utilities lagged but still recorded gains.
Source - https://www.troweprice.com/personal-investing/resources/insights/global-markets-weekly-update.html
1. Global Outlook - https://www.advisor.ca/news/economic/global-gdp-call-trimmed-as-rate-hikes-loom-larger/
2. Geopolitical risks - https://www.ey.com/en_gl/geostrategy/when-political-disruption-surrounds-you-whats-your-next-strategic-move
3. Dollar - https://www.bloomberg.com/news/articles/2021-12-10/canadian-dollar-underperforms-following-u-s-inflation-print
4. Inflation - https://ca.finance.yahoo.com/news/price-shock-meat-counter-worsens-183234485.html
5. AI and Data Center - https://www.zdnet.com/article/artificial-intelligence-runs-more-data-centers-but-still-wont-relieve-technology-staffing-woes/
6. Consumer spending - https://www.businessinsider.com/inflation-will-cool-next-year-discounts-supply-crisis-economist-outlook-2021-12
7. Small business - https://www.nasdaq.com/articles/small-business-outlook%3A-6-predictions-for-2022?amp
8. TD - https://economics.td.com/ca-weekly-bottom-line
9. Supply chain - https://www.gobankingrates.com/money/economy/end-to-supply-chain-issues-in-sight-2021-winds-down-experts-optimistic/
10. Debt – https://www.reuters.com/markets/rates-bonds/canada-q3-household-debt-to-income-ratio-rises-1773-2021-12-10/
11. ESG – V https://www.bloomberg.com/news/audio/2021-12-10/the-esg-mirage-podcast
Stock Market Analysis and Commentary for WE August 4 2023.pptxpaul young cpa, cga
Blog – Stock Market for the Week-Ending August 4, 2023
Summary:
Stocks flipped into the red Friday afternoon after looking set to rebound earlier in the session, putting the cap on a rough first few days in August as the jobs report's release took center stage and an earnings-heavy calendar continued.
The S&P 500 (^GSPC) finished down 0.5%, while the Dow Jones Industrial Average (^DJI) fell 0.4%. The tech-heavy Nasdaq Composite (^IXIC) slipped by 0.4% after gaining as much as 1% earlier in the session.
The S&P 500 and Nasdaq were both down more than 2% to end the first week of August trading.
The July jobs report showed continued cooling in the labor market, as nonfarm payrolls rose by 187,000 last month while the unemployment rate dipped slightly to 3.5%. The numbers will serve as a key indicator for the Fed as it determines whether to halt its interest rate hiking campaign next month.
Elsewhere, Amazon (AMZN) stock was buzzing Friday, finishing more than 8% after earnings beat all around, combined with rosy guidance for the near term. Apple (AAPL), by contrast, was down almost 5% after the iPhone maker reported sluggish sales of that flagship product and a third straight quarter of declining revenue overall.
Source - https://finance.yahoo.com/news/stocks-flip-to-losses-to-end-rough-week-amazon-surges-stock-market-news-today-200617333.html
Links and sources:
Lithium - https://source.benchmarkminerals.com/article/lithium-industry-needs-over-116-billion-to-meet-automaker-and-policy-targets-by-2030
USA – GDP - https://www.spglobal.com/marketintelligence/en/mi/research-analysis/us-monthly-gdp-index-for-june-2023.html
Supply chain - https://mba.ncsu.edu/2023/08/04/rob-handfield-discusses-how-governments-can-better-prepare-for-supply-chain-disruptions/
Global commodities - https://www.foodbusinessnews.net/articles/7-progressing-harvest-pulls-wheat-futures-to-four-month-lows
Oil Production - https://13wham.com/news/nation-world/gas-prices-jump-as-extreme-heat-and-oil-production-cuts-add-up-brent-crude-west-texas-intermediate-refineries-weather-opec-saudi-arabia-russia-war-in-ukraine-strategic-petroleum-reserve
Natural Gas - https://www.castanet.net/news/Business/440176/Construction-of-FortisBCs-Eagle-Mountain-Woodfibre-Gas-Pipeline-set-to-begin-in-Squamish
SEC - https://www.conference-board.org/press/press-release-ESG-backlash
Geopolitical risks and threats - https://worldview.stratfor.com/
Critical Metals - https://www.rechargenews.com/wind/global-offshore-wind-needs-reliable-resilient-affordable-critical-minerals-strategy/2-1-1496037
https://www.ipe.com/news/edhec-risk-concerned-about-availability-and-quality-of-esrs-disclosures/10068181.article
Stock Market Analysis and Commentary for WE August 11 2023.pptxpaul young cpa, cga
Blog – Analysis of the Stock Market for WE August 11, 2023
Summary:
Stocks ended the session mixed on Friday as investors reacted to a report showing wholesale prices rose more than expected in July.
The Nasdaq fell 0.7% while the S&P 500 slipped 0.1%. The Dow Jones Industrial Average slid at the open but recovered to close up about 0.3%. The Dow was the only index to post gains for the week, rising 0.6%. The S&P 500 and Nasdaq both lost ground for the second week in a row, falling 0.3% and 1.9%, respectively.
The Producer Price Index (PPI) rose 0.3% last month after increasing 0.1% in June. Economists had expected wholesale inflation to rise, but only to 0.2%. Core PPI, which excludes volatile food and energy prices, also climbed 0.3%, up from 0.1% in June. The data comes a day after the Consumer Price Index rose 0.2% for the second straight month, a rate nearly consistent with the Fed's 2% inflation target
Source - https://www.investopedia.com/dow-jones-today-08112023-7642347
Links and sources:
Oil Production - https://foreignpolicy.com/2023/08/11/crude-oil-demand-opec-price-increase-china-saudi-arabia-russia/
Natural Gas - https://www.reuters.com/business/energy/us-drillers-cut-oil-gas-rigs-fifth-week-row-baker-hughes-2023-08-11/
Lithium - https://www.enverus.com/blog/direct-lithium-extraction-could-be-key-to-unlocking-domestic-supply/
Forestry - https://www.resourcewise.com/forest-products-blog/canadian-lumber-market-shrinking-could-europe-fill-gap
Mining - https://www.mining.com/mining-is-growing-rapidly-so-are-investor-state-disputes/
Inflation - https://www.bnnbloomberg.ca/charting-the-global-economy-us-stays-on-moderate-inflation-path-1.1958052
Housing - https://globalnews.ca/news/9890405/tiny-homes-pilot-late-2023-if-approved/
Technology - https://www.thedailystar.net/life-living/news/tech-trends-will-shape-our-future-3390151
Geopolitical - https://worldview.stratfor.com/
Economies - https://finance.yahoo.com/news/20-countries-highest-rate-economic-121800158.html or
Summary:
Stock markets continue to struggle over the past few weeks due to many factors like rise in COVID19 cases and geopolitical issues with countries like Russia and China.
Commodity Prices continue to rise, especially LNG and coal due to the demands for electricity.
China could see GDP growth of only 5.2% for 2022.
1. Inflation - https://www.ft.com/content/1769e10d-9ff6-4c4b-8c7b-0098d321cd29
2. Indicators - https://www.bloomberg.com/graphics/world-economic-indicators-dashboard/
3. Business automation - https://medium.com/geekculture/2022-tech-predictions-5-automation-trends-worth-following-ba6038dc831f
4. Agriculture - https://economictimes.indiatimes.com/small-biz/sme-sector/how-technology-will-drive-the-new-age-agri-revolution-in-india-in-2022/articleshow/88628999.cms?from=mdr
5. Commodities - https://www.agriculture.com/markets/newswire/update-1-lng-coal-lead-2021-commodities-rally-as-markets-eye-covid-19-for-next-move
6. Housing - https://www.bnnbloomberg.ca/real-estate/video/we-are-expecting-a-10-decline-in-average-price-of-homes-in-2021-2022-chief-economist~2173206
7. Challenges - https://www.contactcenterpipeline.com/Article/2022-challenges-and-priorities-survey-a-triple-whammy-of-challenges
8. Geopolitical risks - https://theglobalherald.com/news/russia-and-china-rank-as-biggest-global-risks-to-watch-for-in-2022-says-atlantic-groups-kempe/
9. Food Prices - https://www.msn.com/en-us/money/other/food-prices-keep-rising-so-avoid-these-grocery-missteps/ss-AASjsjk
10. GDP - https://www.ft.com/content/1769e10d-9ff6-4c4b-8c7b-0098d321cd29
Similar to Why both the Private and Public Sectors need mandatory audits of Crisis and Risk Management Reports (20)
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
2. Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos
3. Agenda
What is crisis management?
Why has the public sector been bad at crisis
management?
What does the public and private sectors
need to do
Accounting Bodies
Reporting and AI
Technology
SEC and Filings
ESG Reporting
Audit and Audit Analytics
Summary
5. Crisis Management and Public Sector
Source - https://www.govtech.com/em/preparedness/Report-Weve-Failed-Miserably-at-Preparedness.html
• The world needs to be unified it how best to manage potential crisis.
• Private sector need to implement integrated reporting as part of preparing their financial statements
- https://www.accountingtoday.com/news/iirc-plans-major-revision-to-integrated-reporting-
framework
• Government does not do enough of auditing crisis management, i.e., pandemics geo-political events
including risk assessment and outcomes
• Source - https://www.slideshare.net/paulyoungcga/global-risk-and-how-to-implement-a-risk-
management-to-your-organization
• Government focus is too narrow
• focus in of government is very short-term, i.e. winning election and holding power -
https://www.slideshare.net/paulyoungcga/how-to-reform-the-public-sector-in-canada-and-around-
the-world
6. Crisis and Management – Top 10 –
Country conflicts and issues
Source - https://www.rescue.org/article/top-10-crises-world-should-be-watching-2021
1. Mozambique: Humanitarian needs rise rapidly as insurgency intensifies
2. Venezuela: COVID-19 compounds years-long economic crisis
3. Nigeria: Conflict and famine risk in the northeast
4. South Sudan: Recovery from civil war at risk
5. Burkina Faso: The world’s fastest-growing displacement crisis
6. Ethiopia: New conflict threatens the region
7. Democratic Republic of Congo: Unprecedented hunger crisis
8. Syria: The deadliest place for humanitarians
9. Afghanistan: Stalled peace process under threat
10.Yemen: Unrelenting conflict and risk of famine
7. Top Geopolitical Risks
Source - https://www.eurasiagroup.net/issues/top-risks-2021
1. Joe Biden Presidency
2. COVID Vaccinations
3. Climate: Net Zero meets – G-Zero
4. USA/China tensions broaden
5. Global data reckoning
6. Cyber tipping point
7. Out of (in) cold Turkey
8. Middle East: Low oil takes it toll
9. Europe after Merkel
10. Latin America disappoints
8. What does
government and
the private sector
need to do
All government need include crisis management as part of
their risk framework
Geo-political events should be reviewed on monthly
basis with reports being made available to public in
terms of mitigation strategies
External and Internal auditors should be review
government’s risk framework including crisis
management as way to assess the risk impact to
public.
Crisis Management and Risk Management should be
separated from government into specific department,
i.e. provincial, state and federal
Local risk and crisis management reports for local
government should be reviewed by external auditors
as part the annual filings.
All businesses need to undertake risk mitigation
policies as part of safeguarding their assets.
10. Technology
RPA / Crisis Management -
https://www.automationanywhere.com/company/blog/rpa
-thought-leadership/protecting-your-business-from-the-
next-crisis or
https://www.idginsiderpro.com/article/3543836/how-rpa-
helps-organizations-deal-with-a-global-crisis.html
AI and Crisis Management -
https://www.neosperience.com/blog/crisis-management-
how-the-ai-can-take-part-on-it-successfully/
IBM / Crisis Management -
https://www.ibm.com/industries/government/public-
safety/intelligent-operations-center-emergency-
management
Reporting Solutions – AI and Corporate Reporting -
https://www2.slideshare.net/paulyoungcga/artificial-
intelligence-ai-with-office-of-the-cfo
Risk Management / Analytics -
https://www2.slideshare.net/paulyoungcga/understanding-
risks-as-part-of-development-risk-management-best-
practices
11. Blog – Watson Assistant and GRC
https://www.ibm.com/blogs/watson/2021/04/ai-governance-risk-compliance-whats-next/
12. Auditing
Both external and internal audit teams will focus on the
following areas:
a) Regulatory filings, especially in areas like ESG
(Environmental, Social, and Governance) Reporting
b) More work in areas like risk and crisis management
c) Adoption of AI as part of internal and external audit
processes
d) Safeguarding assets through better monitoring
e) Adoption of industry 4.0 through enhancements to security
policies and procedures.
f) Fraud prevention and detection
Here is a link to my
work: https://ibm.box.com/s/noi1j6ixzl6ralxkm4g0zzs911wf6s76
13. Data Fabric
Blog – Data Fabric and Premium Services for Cloudpak for Data
(Cognos Analytics and Planning Analytics) -
https://www.youtube.com/watch?v=k4SrN9AhKtU&t=3s
Both the private and public sectors struggle with the
management of structured and unstructured data. Establishing
proper data fabric policies and procedures will allow all
organizations to be more agile with their decision-making
process.
Presentation:
https://ibm.box.com/s/6w39nl609pl1gv1p49lsp87fme7pjlwv
Data Fabric https://www.bmc.com/blogs/data-fabric/
Data Fabric - https://dzone.com/articles/data-fabric-what-is-it-
and-why-do-you-need-it
14. Data and AI
https://www.ibm.com/blogs/internet-of-things/iot-energy-and-utility/
Great share!
I have also highlighted key areas of focus:
a) Risk and compliance area
b) Development of better risk and crisis management reporting as part of mitigating geopolitical and
climate risks
c) Deployment of IoT base solutions as part of monitoring of assets
Additional link - https://www.slideshare.net/paulyoungcga/world-electricity-analysis-and-commentary-
august-2021
15. Other focal Areas
All business and government need to implement the COSO risk
framework including crisis management policies and
procedures.
World leaders need to become proactive not reactive to events.
Scenario Planning should be added to the close, consolidate,
and reporting cycle - https://www.ibm.com/blogs/business-
analytics/scenario-modeling-key-readiness-2018/
Improving Cash Flow -
https://www.youtube.com/watch?v=u4nAKxEqS9w&t=112s
Crisis Management ChatBot -
https://www.youtube.com/watch?v=2bDFYYMqv_g
OpenPages and Watson -
https://www.youtube.com/watch?v=2HsCeyPQJQ8&t=151s
Supply chain management -
https://www.youtube.com/watch?v=yiD2YmL8sKs&t=41s
17. ESG reporting
Getting started with Environmental, Social, and Governance (ESG) reporting
Focus on your material indicators. There are multiple sets of frameworks available, and while each one is different, they overlap. Our company, which
helps companies meet financial compliance challenges, recommends focusing primarily on SASB, GRI and TCFD and seeing where these connections
exist. Next, determine five to seven material indicators relevant to your industry group and for which you have information to disclose, such as climate,
labor, human capital, social inequality, sustainability issues and so on.
Examine peer disclosures. Check on your industry peers and specifically their disclosures, including proxy, 10-K/AR, website. These are an excellent
resource for uncovering important topics to your industry that may not have been identified in step 1. From there, assess what actions the business needs
to take to match or exceed the peer accomplishments.
Create your thematic principles. Between the material indicators and peer-related research, the team should have identified anywhere from seven to 10
topics. Eventually, these will be the foundation of your disclosures. First, have your communications team turn these into three to five thematic
principles. For many, these are what I like to call “three Ps tenets” — people, purpose and planet.
Develop your ESG content. Build content around these principles that meet the criteria discussed earlier. Bring in ESG consultants, analysts and writers
to help, and have them work collaboratively on these pieces.
Think visually. As a last step, I recommend turning this ESG content into infographics that mirror or are complementary to company branding
https://www.cfodive.com/news/getting-started-esg-reporting/611652/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202021-12-
17%20CFO%20Dive%20%5Bissue:38685%5D&utm_term=CFO%20Dive
This ties nicely into my work on ESG
My box folders - https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
My video - https://www.youtube.com/watch?v=M-IEsfJWxXo&t=40s
18. Audit and Audit Analytics
Blog - Dynamic internal audit trends you should prepare for in 2022
A large class of “digital” goods and services have emerged and the use of digital methods of promoting goods and services
(digital marketing), as well as the capabilities of artificial intelligence and the growing cyber threats are increasing.
Examples: remote asset management using gadgets with biometric user identification, analysis of consumer preferences
(with subsequent distribution of information). Extensive automation leads to the presence of system vulnerabilities that can
be exploited to harm.
Internal auditors, therefore, need to re-prioritize their different risk categories, allocating more time and resources to the
areas of cyber security and undertaking strategic risk management audits.
https://www.linkedin.com/pulse/dynamic-internal-audit-trends-you-should-prepare-2022-associates/
Both external and internal audit teams will focus on the following areas:
a) Regulatory filings, especially in areas like ESG (Environmental, Social, and Governance) Reporting
b) More work in areas like risk and crisis management
c) Adoption of AI as part of internal and external audit processes
d) Safeguarding assets through better monitoring
e) Adoption of industry 4.0 through enhancements to security policies and procedures.
f) Fraud prevention and detection
g) Mitigation cybersecurity risks and threats
Here is a link to my work: https://ibm.box.com/s/noi1j6ixzl6ralxkm4g0zzs911wf6s76
19. SEC Filings
ESG Reporting -
https://www.mondaq.co
m/unitedstates/securities
/1116890/sec-pushes-
for-more-robust-climate-
disclosures
My work -
https://ibm.box.com/s/8
781byh80ckzana33g7tv
qgrwpxaxf2m