Market To Surge Today -- March 29, 2022

OIL: WTI drops below $100. Recovered slightly before trending back below $99. 

Now, maybe folks will start to understand why US shale not eager to spend billions to increase production.

• if EU won't ban Russian oil, it opens the door for China, India to buy Russian oil;
• and no one can criticize / fault China or India buying Russian oil if the EU still openly buys Russian oil
  
• Russian oil selling at huge discounts;
• Biden knew exactly what he was doing or he was very, very lucky: but starting today, folks should start to see lower gasoline prices; 
• US WTI sweet spot: $90 - $100?
  

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. 

War in Europe.

Bond curves invert: recession all but guaranteed.

The Fed to get even more hawkish.

Biden's budget will include huge new taxes on the wealthy. 

Tech industry to get huge subsidies from US government. 

Oil prices surging.

Starbucks employees are unionizing.

America is short of workers.

House prices out of reach for all but the most wealthy.

Antarctic ice shelves falling into sea; scientists say oceans could rise 160 feet  but they keep buying water-front properties. And US government still offers catastrophic flood insurance.

Actors slapping each other on live television during awards ceremony.

Energy transition is dead. 

Indices hit six-week highs, and today, the market is going to open even higher.

Kamala Harris is next in line.

Highest appointments in US are now based on sex, race.  

Bacon: $9 / pound.

If anyone can explain this market to me, I would be forever grateful.

The market:

I will be ferrying grandchildren to school this morning when the market opens so I won't see it until I get back, but pre-market:

• BRK-B: up anotheer $3.13 after already hitting new highs;
• AAPL: announces huge smart-phone production cut; unprecedented; shares up $1.21 after small jump yesterday;
• UNP: this one actually makes sense, hitting new all-time highs; new advances slowing;
• QCOM: up an astounding $3.34 in pre-market trading; up over 2%; investors must like the subsidies these tech companies are about to get from US Congress
• SRE: somehow related to natural gas; this $124-company (share price) is now trading for $164;
• T: continues to melt up; pays 4.65%;
• F: up 2%;
• TSLA: announces huge share dilution and shares surge
  

I'm not even going to look at oil. No one likes oil companies when WTI fails to hit $150.

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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Nothing Like A War To Learn Geography

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