Poolside Rambling -- March 22, 2023

DFW: 78°F. Feels like 90°F due to high humidity. Poolside.

The Fed: "everyone," a month ago, said the Fed needed to raise rates 75 basis points in March (2023) and keep raising through the rest of the year. After the collapse of the Silicon Valley Band and Credit Suisse, "everyone" agreed that a little inflation is a whole lot better than collapse of the entire global banking system. I was saying that well before the collapse of SVB: the "inflation meme" is overblown. It was only 9% if one was buying a used car. 

Blinked? JPow and the Fed? One and almost done. Twenty-five basis points today and one more hike for the year. End point: 5.1%. Compare with folks carrying 24% interest on their cards.

WTI: solidly above $70 after JPow's remarks.

AAPL: "gearing up for a breakout." Not long ago this stock was trading for $135.

Japanese pastry shop opens down the street from our house.

Laser-focused on dividends. Link here.

Quick update: retail growth in our neighborhood:

Arianna and Sophia enjoying sushi at Kura, a "revolving sushi" restaurant.

Texas sports: anoche Sophia had soccer practice at a practice field at this church in Colleyville, TX, a suburb of Ft Worth that abuts our town of Euless, TX. There were 18 practice fields on the north side of the church, and 18 practice fields on the south side of the church. Just one of dozens of practice soccer venues in the area.

Painting: