My prediction was wrong. I wrote earlier this morning. I was correct that the decision would be announced today. The progressives in the House "lost."
Prediction, Fed chief: Lael Brainard.
- presidents are change agents
- Jay Powell: old school; nothing new; same mandates: jobs, inflation
- Lael Brainard: new school; will add a third mandate: green energy
- will change story for at least one day
- take people's minds off high gasoline prices, other failed policies
- if doesn't appoint Brainard, Brandon will be torn apart by the "woke"
- speaking of which, I wonder how Alec Baldwin's Rust is coming along?
- announcement: today (on new Fed chief, not Rust update)
Death: Peter Aykroyd, age 69; no cause disclosed
Best story overnight and, yes, it comes out of Canada.
Thanksgiving tips: how to save money this week, NBC, I can't make this up;
- NBC's suggestion: don't serve turkey
- recommendation has nothing to do with cost, but rather, if "you don't serve turkey, fewer people might cover over and that would you money, also"
- it's not called the peacock network for nothing
On tap: Legacy Fund deposit for November, 2021.
Dashboards: can't recall if I've posted the November dashboards.
- EIA pdf, Bakken: https://www.eia.gov/petroleum/drilling/pdf/bakken.pdf
- EIA, pdf, Permian: https://www.eia.gov/petroleum/drilling/pdf/permian.pdf
- EIA, pdf, Eagle Ford: https://www.eia.gov/petroleum/drilling/pdf/eagleford.pdf
Global energy crisis:
- EU, UK getting all the attention
- in fact, Japan is probably at the top of the list among G20, for energy crisis
- Japan's wholesale spot power price surged to highest level ever for this time of year;
- rainy weather reducing solar output
- utilities curbing output to save LNG supply for winter
- oil needs to be released to back up natural gas shortages for electricity, heating
- Japan's wholesale power price for next-day delivery surged; highest level in ten months; a 60% jump in one week; link here;
Blogging work today:
- EVs: tracked here.
- Tesla: sedans, pickups, crossovers
- Rivian: pickups
- Lucid: high end luxury sedans
- AAPL: unknown, but tea leaves suggest sedans, maybe crossovers, minivans; perhaps something completely novel
- at some point, and very soon now, Apple must announce manufacturing site / partner
- ludicrous: ignoring what GM, Ford, VW, Toyota, Honda are doing in EVs
- unlikely that the Big Five will roll over to Tesla and Rivian
- 600,000: that's the "30-second elevator speech" --
- to be in the EV game, one must deliver at least 600,000 vehicles annually by 2025; otherwise just a niche player
- Apple may be the exception
- union vs non-union favoritism
- may end up in court
- may end up in Mexico
- links to close out
- Lucid
- CBNC on Lucid, September 28, 2021;
- Motley Fool on Lucid, March 2, 2021: is this a joke?
- Reuters on Lucid, September 29, 2021; are you kidding me?
- this year's (2021) goal: 577. Yes, no typo. Fivehundredseventyseven.
- did I read somewhere Lucid now has a market cap greater than GM?
- Lucid search: ludicrous link.
- one-year, XL Fleet Corp; link here. Can we say ludicrous again?
- and not atypical for all the EV SPACs announced in the past year
- these look like shale companies
- Apple Car could double company's revenue and market value -- Morgan Stanley, November 19, 2021;
- talk about malarkey; no one has any idea how to "value" AAPL any more
- copper: China's copper premium spiked to highest in years, link here;
Most interesting factoid this week: Norwegian oil consumption
- goes full Monty on EVs
- oil consumption pretty much unchanged over ten years, link here;
Most interesting energy story not being reported:
- Daimler Benz -- biggest truck company in the world
- huge early mover into EVs
- yes, but ---- it turns out DB says hydrogen will be just as important
- looking for 50/50 split on EVs/HVs
- story is being completely missed; link here;
- apparently this is a big, big deal in UK
Most laughable story all week:
- now that oil companies have cut back on production per COP26, politicos now can't seem to get enough oil
- Morton's Fork;
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Thinking Out Loud
Investing: not ready for prime time.
This is what happens when you watch CNBC all day long:
- old investment rule no longer applies: 60/40 -- 60% stocks / 40% bonds
- new investment rule: 80/20 -- 80% "traditional" stocks / 20% meme stocks
The mix: traditional non-tech blue chip / blue chip tech / meme stocks
- short horizon/conservative/risk averse: 40 / 40 / 20
- longer horizon/more speculative/need for adrenaline rush: 10 / 40 / 50
- the Reddit / Robinhood crowd: 0 / 20 / 80
The speculative mix:
- 10%: in one index fund or BRK-B (buy and hold forever)
- 40%: FAANG-M (buy, hold long term, adjust holdings per momentum swings)
- 50%: Tesla, Rivian, Lucid, Bitcoin (tickers will change as often as monthly; churn to newest meme stock on weekly basis or even daily basis)
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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