Don't give away that jersey.

[Silver Ridge Market Report Logo] [Privacy Policy]( | [Advertiser Disclosure]( Dear Reader, The New York Giants appear to have a supply chain problem. In a research note to clients Friday, Wells Fargo’s Christopher Harvey flagged a locker-room interview with Giants wide receiver Kenny Golladay from earlier in the week. Behind him was a printout notifying players, “DO NOT GIVE YOUR GAME JERSEY AWAY OR SWAP IT… THE UNIFORM COMPANY WHO MAKES OUR JERSEYS CAN NOT MAKE ANYMORE FOR US THIS YEAR.” It’s a funny anecdote. It’s also the anecdote that a market prognosticator might reference to support her priors that we are still in the throes of a global supply chain crisis. However, this is what statisticians might characterize as a type I error or a false positive. In reality, most broad supply chain-related metrics (e.g., delivery times, inventories, freight costs, shipping capacity, inflation) suggest this crisis we were facing a year ago has subsided. Yes, there will be plenty of anecdotes suggesting otherwise. But this will always be the case for everything. We can say the same thing about the high-profile, large-scale layoffs announced at big tech companies over the past year. Last week, Microsoft announced it would cut 10,000 jobs and Google-parent Alphabet announced it would cut 12,000 jobs. There’s no question these are large numbers, and it’s a very difficult situation for those affected. But according to Goldman Sachs research, there have been numerous instances when a spike in layoffs in the the tech industry — which represents less than 3% of total employment — did not portend widespread job cuts across the economy. These trends are confirmed by weekly initial claims for unemployment insurance, which are near the lowest levels of the current economic cycle. We certainly can’t rule out the possibility that significant layoffs could come to larger parts of the economy. However, the data suggest the pain is relatively isolated. Editor, Silver Ridge Market Report Andrew Graham [A Graham Signature] [Privacy Policy]( | [Advertiser Disclosure]( P.S. [3 Tiny Stocks Primed to Explode]( The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential. We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns. [Click here for full details and to join for free.]( [Privacy Policy]( | [Advertiser Disclosure]( 406 Media and Silver Ridge Market Report, is not giving individualized financial advice. Never invest more than you are willing to lose. 406 Media or Silver Ridge Market Report is not giving financial, investment, or stock advice. Our content is designed for generalized informational purposes only. If you have specific questions about investments or stocks you should consult a financial advisor. Articles, News, Or Other published materials are not always the views of 406 Media and/or Silver Ridge Market Report. If you feel you are receiving these emails in error please email Support@SilverRidgePro.com or click the unsubscribe button below. 30 N Gould St, STE R, Sheridan WY 82801 This e-mail has been sent to {EMAIL}, [click here to unsubscribe](.