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Home Daily Golf Briefs Daily Pulse for August 31, 2018

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Web Street Golf Daily Pulse
VOLUME 8, NUMBER 171                                                       
Friday, August 31, 2018

In observance of the upcoming Labor Day holiday, the Daily Pulse will not be published on Monday September 3rd. It will resume publishing on Tuesday, September 4th. A happy, safe holiday weekend to everyone in the United States and Canada!

ANY IDEA WHO SAID THIS? “I played a lot of sports, basketball, volleyball, soccer, I was a goalie at soccer, hand/eye coordination stuff still. Volleyball I loved. Ping-pong. I loved ping-pong. But I used to practice at lunchtime with a couple of buddies of mine against this little robot. We bought a robot, not kidding, and we got a robot where this thing would shoot out the ball, different velocities, and different spin rates. This is what professionals practice with. We practiced every lunch period for a couple of years. And I got pretty good, needless to say”.

BRAIN TEASER: True or False: Three of the last five winners of the Dell Technologies have gone on to win the FedEx Cup?

SAFE TRAVELS: AAA Travel projects 34.7 million Americans will journey 50 miles or more from home during the Labor Day holiday weekend, the highest volume for the holiday since 2008 and a 1.3 percent increase over 2013. Nearly 86 percent of travelers (29.7 million) will celebrate the holiday with a final road trip before summer comes to a close and children head back to school. The Labor Day holiday travel period is defined as Thursday, August 28 to Monday, September 1.

“As the economy makes modest gains, more Americans are joining the labor force this year,” said AAA Chief Operating Officer Marshall L. Doney. “With Labor Day symbolizing the American workers’ contributions to the strength and prosperity of our country, it’s only fitting that millions are choosing to celebrate this positive direction with an all-American road trip.”

Barring a major development, such as a Gulf Coast hurricane, prices are likely to remain relatively low leading up to the holiday weekend compared to recent years, which will allow travelers to allocate more of their budgets towards travel expenses. The current price of gas is $3.44 compared to $3.59 on Labor Day last year. AAA provides the latest gas prices for the nation, states and metro areas at FuelGaugeReport.AAA.com.

HOW’S BIZ? Labor Day often symbolizes for many the end of summer. Many parts of the country see students return to school, which notes a change in routines for families. There is still time left before the “official” start of autumn, yet it appears recreational golf hasn’t been a big priority for many.

Golf Datatech reported rounds played in the United States for the month of July was down 1.6% from last year. Year-to-date, 2018 trails 2017 by 2.9%. Public access play was off 1.4% in July, while private play was down 2.3%. Year-to-date, public access play is down 2.8% versus 2018, while private courses are off 2.3%.

The underlying fundamentals suggest recreational play in the United States is soft. Yet, the financial performance by Callaway and Acushnet (Titleist and FootJoy) indicate much different market conditions. Callaway reported 6-month sales in the US were up more than 35%. Acushnet reported net sales in the United States increased by 5.5%. Both companies released the data back on August 2nd. 

WEB GEMS:

READING BETWEEN THE LINES: Tiger Woods said on Thursday he might have been better off skipping last week’s opening event of the PGA Tour playoffs to ensure he is not running on empty at next month’s Ryder Cup. “My golf is not going to be much if anything post-Ryder Cup,” said Woods. “We’re just pushing it to that point and then shutting it down. I’m just trying to get to that point so that when I shut it down I’ll be able to shut it down.” READ MORE>>>

ANSWERS: “I played a lot of sports, basketball, volleyball, soccer, I was a goalie at soccer, hand/eye coordination stuff still. Volleyball I loved. Ping-pong. I loved ping-pong. But I used to practice at lunchtime with a couple of buddies of mine against this little robot. We bought a robot, not kidding, and we got a robot where this thing would shoot out the ball, different velocities, and different spin rates. This is what professionals practice with. We practiced every lunch period for a couple of years. And I got pretty good, needless to say.”--Bryson DeChambeau.

TRUE: Three of the last five winners of the Dell Technologies have gone on to win the FedEx Cup. Justin Thomas and Rory McIlroy are the most recent winners, and both captured the title at East Lake.

THE INFORMATION CONTAINED IS BELIEVED TO BE RELIABLE, BUT IT IS NOT GUARANTEED. THE OPINION EXPRESSED IS THAT OF TERRY MCANDREW AND SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR SELL SECURITIES IN ANY OF THE COMPANIES DISCUSSED WITHIN THIS NEWSLETTER. CONTENTS OF THIS NEWSLETTER MAY NOT BE REPRINTED OR REBROADCAST WITHOUT THE EXPRESSED WRITTEN CONSENT OF TMAC GOLF