The Dow makeover: it will take a few weeks or months for the "new" Dow to find its footing, find its new "range."
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
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Inflation
Like the Covid story, I'm getting tired of the "inflation" story.
From last week:
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What Causes Inflation
See this article. See this post.
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More
Wall Street is looking for inflation in all the wrong places: from The WSJ.
The last paragraph:
Investors can have legitimate concerns about the heady valuations of their Silicon Valley holdings. But if anything puts a dent in their portfolio, it won’t be Washington’s next stimulus package.
The penultimate paragraph:
The implications are powerful: Weak price growth doesn’t need to reflect a weak economy, nor does a pickup in activity necessarily trigger inflation. Even if activist fiscal policy is here to stay and fosters an economic revival, central banks may still have discretion to leave rates at today’s ultralow levels—as Fed Chairman Jerome Powell seemed to suggest Thursday—to the benefit of tech stocks and bonds.
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Price Of Gasoline - EV Headwinds
I absolutely do not believe gasoline prices or the cost of operating an EV drives EV sales. The Tesla, Mercedes, and BWM EVs, now getting the most buzz, are luxury vehicles. Cost of operating is not a consideration by buyers, but for the archives:
Link to GasBuddy. Gasoline is even less expensive in some markets:
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