Mark Zinder

Mark Zinder

Leading financial expert, trend forecaster, and seasoned keynote speaker.

Talking Points: August 9,2021

The S&P 500’s forward P/E touched a high of 23.6 on August 28, 2020. That day, the S&P closed at 3,508. Since then the forward P/E has trended lower while during that same period the S&P 500 surged 25% to 4,395. Axios Markets, August 5, 2021

Americans age 70 and above have a net worth of nearly $35 trillion. That amounts to 27% of all U.S. wealth and is equal to 157% of the U.S. gross domestic product. The Wall Street Journal, July 2, 2021

Twenty percent of Americans believe that it is “definitely true” or “probably true” that the government is using the Covid-19 vaccine to microchip the population. The Miami Herald, July 10, 2021

Aduhelm, a drug sold to fight Alzheimer’s, will sell for a list price of $56,000 per year. If every one of the 5.8 million Medicare-eligible adults with Alzheimer’s took Aduhelm, it would cost Medicare $334.5 billion a year, or about half the Department of Defense annual budget. NumlockNews, June 30, 2021

During the second quarter of 2021, household debt rose by its highest dollar amount in 14 years thanks mostly to a surge in the housing market. That has brought the collective American IOU to just shy of $15 trillion. CNBC, August 3, 2021

Facebook expects to dole out more cash outfitting its computer hubs and offices in 2021 than Exxon spends in a year around the world to dig oil and gas out of the ground. New York Times, July 29, 2021

A Washington Post food writer is advising people to stop calling foods “exotic” because it “reinforces xenophobia and racism.”

Image: Nick Youngson CC BY-SA 3.0 Pix4free.org

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