The Path of the Total Eclipse

Whether you witnessed this week’s eclipse or not, the New York Times offered an indirect way of viewing it:

Super 8 hotels along the path of totality were a lot more expensive than usual, with author Ben Blatt citing one example of an Illinois Super 8 charging $949 for a room that is typically offered at a $95 nightly rate. While painfully expensive, these prices represented markets at work—with a fixed number of hotel rooms (and no reason to expand capacity, given the eclipse is a one-time event), if demand rose sharply, markets cleared via higher prices. The gray dot in Georgia is another example—it is for a Super 8 hotel near Augusta, the site of the Masters golf tournament taking place this weekend.

Wherever you are, if you enjoy natural phenomena, we hope you got a good view of the eclipse (through solar eclipse glasses, of course). Despite forecasts to have its all too frequent cloudy conditions, many areas of Pittsburgh lucked out and received a break in the clouds at just the right time. 

JMS Capital Group Wealth Services LLC

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This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument or investment strategy. This material has been prepared for informational purposes only, and is not intended to be or interpreted as a recommendation. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice.