‘Disinflation”; word of the day — CNBC. Their words, not mine.
Why the rally? Link here.
Efficiency / productivity: second word of the day.
Soft landing: lots of talk. Their talk, not mine. JPow getting a lot of plaudits.
Deglobalization: no stopping it now. Link here.
The globalized world has seemingly been great for everyone...security, access to foreign markets, the list goes on...so why would the US choose to continue down the path of deglobalization?
The US has been heading down this path for years, and they're well past the point of no return. There are a few reasons we ended up here: the US never benefitted from this arrangement like everyone else, American politics are all about casting a wide net and making the most people happy (so when the globalization topic is hurting your party, you give it the cold shoulder), and most importantly, demographics.
Perhaps the only thing that could flip the script and make the US rethink this would be a security threat that impacts Americans more than anyone else.
21st century: belongs to America. Energy. Industrialization. EVs.
Dow turns green: pre-market. AAPL surges; announces after market close.
TTE, Iraq: TTE pulls staff from Iraq — https://www.reuters.com/world/middle-east/totalenergies-pulls-staff-iraq-wrangling-over-projects-sources-say-2023-02-02/.
Ferrari surge: https://twitter.com/barronsonline/status/1621128570339745796. Profits surge 13%. The struggling consumer. Reminder: we’re in a recession.
Shell: profit doubles to $40 billion and announces $4 billion buyback.
Oil: pre-market, down a bit.
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