Time for the Know the Difference Minute, 3 stories making news today. 

Improved inventories and healthy consumer spending combined in Q4 2021 for a 6.9% increase of GDP.  In all 2021’s GDP came in a 5.7%, the strongest pace since 1994.  2021 growth was driven by a nearly 8% surge in consumer spending and a 9.5% increase in private investment. That’s the good news. You know the bad news, Omicron still impacting labor and the supply chain.

Winter Olympics are a week away, but you wouldn’t know it based on 20 official international and national sponsors holding back the TV ads. Only two, Bridgestone Tires and Delta Airlines are currently running spots. 

To the Superbowl where Budweiser says they’ll be back after sitting out last year. 30 second spots are $6.5 million and nearly gone. You can already see a handful of them online. Over 30% of ads will be from first-time Superbowl advertisers. 

I’m Dave Spano from Annex Wealth Management.  That is your Know the Difference Minute.