"Market" Loves The Inflation Numbers Reported This Morning; WTI Goes Over $82 -- January 12, 2022

Ah! There we go. WTI just went over $82. 

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.  

Inflation figures coming out today. I've seen them. I may report them later, but not particularly interested. The market doesn't care. Dow surging. Ten-year treasury actually down, at 1.74%. We'll get analysis on this all day. But again, Dow futures went from +35 to +135. Whoo-hoo. Now +143.  CNBC talking head is now confused: asking why the market is surging after these numbers have come out. Now, +164 -- the implied open for the Dow.

Investors' corner: three ultra-high-yield energy stocks to buy in 2022 -- Motley Fool. Spoiler alert (I can do this one from memory): ENB, EPD, and TTE.

Whining: a reader wrote to me early this morning that he/she was getting tired of all the whining. Here's another one: whining about the high cost of crude oil. From a Brit's perspective, crude oil is way underpriced: adjusted for November, 2021, dollars, crude oil is running about the same as it was in 1990.

Let's check the futures:

• AAPL: up $1.51. Later, up $1.68.
  
• CVX: up 38 cents.
• PSX: up 41 cents.
• QCOM: up $1.69 after a gain of $5.72 yesterday.
• EOG: up $1.19 after a gain of $4.14 yesterday.
• UNP: up $1.34 after a loss of $3.86 yesterday.
• RIVN: an entry point; opening below its IPO? 
  

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.  

Jim Cramer on Covid:

• "everyone" seems to be getting it;
• once one gets it, testing comes back negative in five days (NFL data)
• for Jim Cramer: his Covid illness was "worse than a 'cold,' but not as bad as the side effects he had after his Moderna vaccination"
• Great Britain and South Africa seem to have turned the market. 

Talking head on CNBC, Mario Gabelli:

• the inflation numbers remind him of the economy surge after WWII
  
• $9 trillion"stimulus money" still working its way through the economy
• US GDP in 2022: $25 trillion
• tradeoff between reality and perception
• pre-tax earnings will surge
• what he likes: 
• automobiles; mix of cars has to change; likes car companies across the board; only one million new cars on dealers' lots right now; normally runs three million at this time of hte year
  
• trucks: VK spin-off; Daimler-Benz;
• Boeing; Airbus
• Crane; Textron
• Deere; 
• wow, wow, wow -- he mentioned the high price of energy to heat homes in New England because that region is not importing natural gas from the Marcellus / Utica just across the state line