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The $21 billion Twitter poll

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By Michael O’Connor   

Markets are officially on a roll, with the S&P 500 and the Nasdaq notching multiple record-high closes in recent weeks.

Much of the recent uptrend following a difficult September has been driven by a solid Q3 earning season. The S&P 500 has rallied 9% in recent weeks as 82% of companies within the index beat earnings estimates, well above the 69%, 15-year average. As we move forward, the comp figures will become more difficult to beat, but unwavering demand looks set to support earnings into the future.

Inflation Scare

In news that will hardly be surprising to anyone who has stepped foot inside a grocery store over the last six months, inflation across a broad swath of products that consumers buy every day hit its highest point in more than 30 years.

The October consumer price index figures, which monitor a basket of products ranging from petrol and healthcare to groceries and rents, rose 6.2% from a year ago. While much of this recent inflation is thought to be transitory, given current supply constraints, these higher-than-expected figures put inflation and the need for tighter monetary policy firmly back on the radar.

Musk's Twitter Machine

Tesla stock fell almost 20% in two days after Elon Musk indicated he would sell 10% of his stake in the company off the back of a Twitter poll.

If he does, it will trigger what would surely be one of the largest capital gains tax liabilities for an individual in history — a cool $6.7 billion.

In true Musk fashion, he took to Twitter on Saturday and proposed selling 10% of his Tesla stock, worth roughly $21 billion. The masses voted in favour of the sale with a 58% majority.

While Musk framed to poll as a response to the democrat's proposal to tax unrealised stock gains of US billionaires, looking to cash out during seemingly overbought conditions is hardly surprising.

Tesla's Market Cap jumped over $200 billion off the back of a $4 billion Hertz contract announcement that has yet to be signed, hard to argue with the idea of banking some gains.

Zoom's Rise and Fall

Zoom's precipitous decline continued, finishing the week down 6.2%. After peaking in October 2020, Zoom has lost roughly 55% of its market value, falling from $588 to $260 a share in just over a year.

Even though Zoom's financial results continued to impress through much of 2021, growth is starting to slow, and the collapse of the proposed acquisition of Five9 has hampered the company's attempt to diversify revenue.

While Zoom's demise might sound strange, given the work-from-home environment many of us still find ourselves in, when markets fully price in all future growth potential, it only takes a little nudge in the other direction to trigger enormous moves.

Market Outlook

Zoom serves as a reminder that while the stock market valuations continue to steadily increase at an index level, if you zoom out..(pun intended)...substantial volatility remains at the stock level.

Stocks like Peloton, Zillow and Moderna cratered last week as the indexes steadily climbed to all-time highs.

The Nasdaq composite index is up over 24% year-to-date, but if you look a little closer, 50% of the companies within the index have experienced a 20% correction at some point during the year, while 20% of the companies within the index have experienced a 50% correction or more.

Volatility is alive and well, but an index-driven market makes it appear like everything just keeps going up.

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New free local fitness group to motivate people back to health

By Brian Foley from Activate Fitness  Our mission at Activate is to extend and enhance the lifespan of 7,000 people in Killarney which is why we have set up a […]

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By Brian Foley from Activate Fitness
 

Our mission at Activate is to extend and enhance the lifespan of 7,000 people in Killarney which is why we have set up a free health and fitness group. 

Our primary vehicle is our gym but we do a lot of other stuff, too, like:

* Train kids how to exercise in schools
* Helping frontline workers with their mindset
* Supporting local fitness events and teams
* Running fun social events in the community
* Raise funds for local charities

We’ve won awards for this stuff, but the real reward is moving the Killarney community back towards health. So today, I’m thrilled to share a free Facebook group: ‘Fitness, Nutrition & Health in Killarney’ with you.
Visit this link to join: www.facebook.com/groups/fitnessinkillarney.

In that group, we’ll share helpful posts, tips, and support for everyone, whether you exercise at Activate or not. We’re also welcoming other health and fitness practitioners to join the group and help people find valuable and sensible advice around health and fitness.

When you join, Facebook will ask you a few questions, then my team will be around to support you and give you stuff to help.

If you have questions about fitness, health, longevity, nutrition, or exercise, go ahead and ask! If you have answers, please share! Let’s get some positive momentum going in Killarney!

What’s the deal with motivation?

I was having a discussion with a new client the other day and it came up that they sometimes feel a lack of motivation to keep working out. I know many of you feel like this sometimes, so I thought I would write about it today.

I really believe in discipline, as motivation is fleeting – but we’ll address this anyway. There are a few things that you can do to fool-proof the system. Here’s five ways.

1. Find an accountability partner:

When it comes to working out, having someone to hold you accountable can be a huge motivator. Whether it’s a friend, family member, or even a fitness coach, knowing that someone is counting on you to show up for your workout can help you stay on track.

2. Set realistic goals:

Setting goals is a great way to stay motivated, but it’s important to make sure they are realistic. If your goal is too lofty, you may find yourself getting discouraged when you don’t see results as quickly as you’d like. However, if your goals are achievable and realistic, you’ll be more likely to stick with your workout plan and see the results you want.

3. Find a workout routine you enjoy:

If you dread your workouts, it’s going to be very difficult to stay motivated. However, if you find an exercise routine that you enjoy, you’ll be more likely to stick with it. There are so many different types of workouts out there, so take some time to experiment and find one that fits your needs and interests. I feel a key facet many of us in the health and fitness industry miss regularly is making sure people are always engaged and challenged, so it remains fun to work out!

4. Reward yourself:

This one sounds a little weird, but for some, it can really work. One way to stay motivated is to reward yourself after setting a goal and reaching it. Whether it’s your favourite snack or a new piece of workout gear, treating yourself to something special can help keep you on track.

5. Get enough sleep:

This is the one thing we all hear that’s drilled into our brains – but for good reason! It’s important to get enough sleep when you’re trying to stay fit and healthy. When you’re well-rested, you’ll have more energy for your workouts and you’ll be less likely to skip them. So make sure to get plenty of rest each night!

Following these tips can help you stay motivated to workout, even when it feels like a struggle. Just remember to be patient, set realistic goals, and find an exercise routine that you enjoy. With a little effort, you can reach your fitness goals in no time!
 

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Irish food only for Lisa’s September challenge

Could you survive on a diet of food grown only in Ireland for one month – well that’s the challenge one Kerry woman has set herself. Artist and food activist […]

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Could you survive on a diet of food grown only in Ireland for one month – well that’s the challenge one Kerry woman has set herself.

Artist and food activist Lisa Fingleton plans the unusual action as she will eat only food grown in Ireland for the entire month.

That means no sugar, lemons, olive oil, or coffee with the challenge designed to highlight issues with Irish food security.

In the seven years since Lisa founded the 30-Day Local Food Challenge, food supply chains have been hit by a succession of market shocks highlighting Lisa’s concerns with increasing urgency.

From seed shortages caused by Brexit to the global market shock of COVID-19 to potential shortages caused by the ongoing war in Ukraine, to the recent conversation about the need to reduce the Irish National Herd in line with carbon emissions targets, Lisa says there has never been a more important time to talk about Irish food security.

“This year in particular in Europe we are seeing the impact of war on food and the global reliance on Ukraine as an important wheat producer,” said the former Kerry County Council Artist in Residence who lives in Ballybunion.

“This has shown us more than ever just how fragile our food systems are. We need to focus on building sustainable and resilient food systems on the island of Ireland. This year we are encouraging people to do one local meal a day so they can make it really simple and have Irish porridge for breakfast or really elaborate with a meal grown in your own garden.”

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