NVDA -- Magic Number — $407.69 — And Other One-Liners — No Links — You’re On Your Own — May 30, 2023

Locator: 44791INV. 

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

NVDA pre-market: up another 4.7%; up over $18; trading at $407.69; market cap > $1 trillion.

• “It’s not a bubble yet,” Wharton’s Jeremy Siegel.

NVDA: super … as in supercomputer.

AVGO: up $18 in pre-market trading.

AAPL: similar. Just not as much.

Foxconn: hikes wages.

EVs: four huge developments change everything:

• Los Angeles EV trucking mandates;
• Tesla - Ford supercharger network
• Japan: Daimler - Toyota “merger”
• High interest rates

Japan coking coal: one word — record.

Tea leaves: current version of B-M deal is DOA. We’ll know by 4:30 p.m. CT, Wednesday, May 31, 2023.

• Wait until “everyone” learns McCarthy SUSPENDED the act for two years. Holy mackerel. There's only one way one can "delay" the next default for two years: suspend the act. 
• If this deal is approved, we have a new precedent -- and voila -- the act is dead!If Congress can suspend the act for two years, why not do that in perpetuity? 
• not only that, McCarthy turned the purse strings over to the high spenders;
  
• one needs to remember from which state McCarthy comes. 
• I have no dog in this fight; I'm simply a spectator, but I occasionally like intellectual honesty
• time for McCarthy to go?
  
• Expect another Janet Yellen headline.
  

Dina Powell: what a great country, what a great state.

Cinderella team: Miami Heat.

Screwiest playoff “system”: NCAA Division I men’s baseball. Sort of like setting the date for Easter.

Just kidding: Ford does a “180” on AM radio.

Vaccine: worthless? Observational studies certainly suggest so. No clinical studies accomplished despite updated (bivalent) vaccine has been available for nine months.

Putin’s War: drones hit residential Moscow for first time.

Sweden, new NATO member: Erdogan, “Here, hold my yogurt.”