[Charts] Rise of the Digital Nomads

Lou Basenese

Friday, June 4, 2021

If you're new to the Trend Trader Daily Nation, here's the rundown...

Each Friday, I embrace the adage that "a picture is worth a thousand words," and hand-select compelling charts to put important investment and economic news into perspective.

All it takes is a quick glance — and you'll be up to speed and ready to profit.

This week's charts edition is coming to you from sunny Rancho Santana, Nicaragua.

Why? Because...

Forget Work from Home, It's Work from Anywhere

Whereas the pandemic upended the way most people work, I've always worked from home.

Truth be told, as long as I have an internet connection, I can work from anywhere.

And that's precisely what I've been doing this past week — vacationing with my kids and volunteering at The Roberto Clemente Health Clinic.

And I'm not alone, apparently.

Fresh data from social media site Reddit confirms an explosion in "digital nomads" — from about 10k people in years past, to over 1 million right now.

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And the more that internet connectivity continues to improve throughout the world, the more digital nomads we can expect. Bet on it!

Speaking of work, more and more people are getting back to it...

Hi Ho, Hi Ho, It's Back to Work We Go!

This week, initial jobless claims fell below 400,000 for the first time since the early days of the pandemic.

Big whoop, you say? Yes it is!

As I've told you before, stocks love jobs.

The more jobs the economy creates, and the fewer the number of initial jobless claims, the higher stocks go.

Translation: The latest jobs data confirms this bull market still has room to run. Giddy up!

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The natural impact of more people working is that they have less free time to Netflix and chill, which I told you would happen.

Now the data prognosticators are coming around to this reality.

As you can see below, eMarketer now predicts time spent on Netflix is going to stagnate.

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Translation? Look out below for Netflix and the FAANG trade, for that matter. Simply buying the group and betting on higher prices won't work anymore.

Ahead of the tape,
Lou Basenese
Lou Basenese


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