To the Editor:
There’s a belief that the Federal Reserve will cut interest rates soon (“Rate Hikes Haven’t Hurt Main Street. Wall Street Might Not Be So Lucky,” The Economy, Nov. 22). The only way that will happen is if we are in a recession next year. If that happens, the markets will probably tank. Otherwise, there will be a long time before the Fed cuts, and it may even make a hike. We also have a presidential election next year, and usually the Fed avoids making any significant moves that may affect the outcome.
Mark Genuario
On Barrons.com
Set the Stop Losses
To the Editor:
I guess it’s time to hop on the momentum sled going into the end of the year and set the stop losses (“Tech’s Rally Isn’t Done. Smaller Stocks Are the Next to Gain,” Tech Trader, Nov. 24). Everyone who has been bearish about the lack of breadth in the market gains appears to be changing their tune.
Mike Schmitt
On Barrons.com
Vontier’s Frontier
To the Editor:
Kudos to Al Root for familiarizing Barron’s readers with Vontier (“One Auto Stock to Buy Now to Split the EV Difference,” Sizing Up Small-Caps, Nov. 24).
The only thing I’d take issue with is the characterization of Vontier as an auto company. True, the automobile, whether running on gasoline or electricity, will benefit from Vontier’s vast capabilities. But, in reality, Vontier is an industrial-technology company, with the three main units being Environmental & Fueling Solutions, Mobility Technologies, and Repair Solutions.
Rob Suthe
Bethesda, Md.
SoFi’s Accounting
To the Editor:
This is just like a retailer or a manufacturer marking its inventory at the expected selling price and recognizing the expected future profit before the sales are actually made (“Inside the Loan Valuation Debate Roiling SoFi Stock,” Nov. 20). I’m surprised this accounting practice is allowed, and I note that some companies choose not to do it this way.
Jeff Clay
On Barrons.com
In Praise of Vaccines
To the Editor:
Modern populations enjoy the life spans and overall good health they have due to vaccines (“A Golden Age of Vaccines Is Here. What It Means for You,” Nov. 21). In the 1700s, smallpox outbreaks would kill one in three. Our “problem” is that we haven’t had a pathogen outbreak that kills one in three for a long time. If and when it does happen, it might shake the antivax set into believing that viruses and bacteria are real and can cause enormous harm.
Carleton Jones
On Barrons.com
Send letters to: mail@barrons.com. To be considered for publication, correspondence must bear the writer’s name, address, and phone number. Letters are subject to editing.
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