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Friday, April 26, 2024
US Personal Income At All-Time High -- April 26, 2024
Locator: 46870ECON.
Market at mid-morning:
Thank goodness, CVX, XOM spoiled the party. Otherwise, the euphoria would have been uncontrollable.
Can It Get Any Worse? Worse Day On Record? Hertz Global -- Aptil 26, 2024
Locator: 46869EVS.
EVs: more bad news. This was a $30-stock at one time. My hunch: Phil Le Beau won't be reporting this story.
Wow! Breaking News Now, 2Q24: 3.9% Forecast. GDPNow — April 26, 2024
Locator: 46868ECON.
Inflation to grind higher. No longer “sticky” at 2.8%.
Fed rate: talk will turn to higher rates.
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Hess: 1Q24
Are folks paying attention? Look at the y/y increase in net income. Wow.
Let's see:
- production, y/y: 27%.
- income, y/y: 146% (no typo)
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An Apple Misstep?
There are certainly indications that Apple / Tim Cook misstepped with regard to memory upgrades. Tim's logic may have protected margins but probably cost the company bragging rights. I doubt the average consumer even paid attention but Apple's policy with regard to memory upgrades was certainly not helpful. One gets the feeling Tim hates paying thirty-party vendors when he can get same/better results with other methods.
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Personal Investing
No change in strategic investment plan.
Am closing out my KMI position over next few week to simply streamline my portfolio; will continue to build CHRD position.
No recommendation. See disclaimers.
For extended family member concerned about AAPL: today would be another great day to sell some shares in APPL. Comment made for one single individual.
DRAFT: Clearnig Off The Desk -- April 26, 2024
Locator: 46867B.
Clearing the desk.
EVs: more bad news.
Economy:
- US GDP, Carl Q: on top of the world. And not just by a little, but a lot
- but even better, look at the trends
- up: US, India
- down a lot: Japan, EU, UK
- down, but perhaps just taking a breather, recession? China
- but that EU, UK drop is stunning -- because the lines crossed in 2012, the stunning drop is easily missed
- but EU, UK look dreadful; Why? Energy and regulations
- at least two many EU/UK energy companies are looking to get listed on NYSE; they've had enough
- US spending: on a tear -- Carl Q
- the last two months were the strongest personal spending growth numbers in over a year! Link here.
- inflation: OMG! Link here.
- but wait, there's more -- one hour after inflation numbers were released, all was forgotten
- DOW up 60 points in pre-market despite Big Oil underf performing
- NASDAQ surges -- again pre-market
Energy:
- cloudy weather for solar energy in the US: link here.
- but worse, US solar panel manufacturers want US policies to stop China dumping
Southern surge: as expected, San Diego is now the top border region for migrant arrivals; link here;
- absolutely predictable;
- my only comment: why did it take so long?
CHIPS Act: link here.
- the social media comments: talk about a lot of folks that simply don't get it
Energy:
- EIA: US natural gas-fired electricity generation consistently incrased in 2022 and 2023;
- link here;
- AI revolution in the US: energy needs will surge
Personal investing:
- I post my "investment buckets" as they change
- in my Big Pharma bucket, I have only one stock: ABBV
- today; at open, ABBV falls almost 3%
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