Market -- June 23, 2023

Locator: 45025INV. 

Three overriding points:

• the US is in an incredibly good place;
• stay-flation, not stagflation.
• expect a very, very scary summer.

For rest of story, see this post.

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.

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. 

For those who say this is not the time to buy: oil is down across the board today. WTI is now trending toward $68. But human nature being what it is, folks will buy CVX and COP and PSX and DVN and CHRD when WTI trends toward $72 again. Trust me on this one.

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Franchises.

Link here. If this surprises you, consider my two favorite graphics:

Folks have a lot of cash. 

$10 at fast-food beats $60 at Chili's any day.

And then, of course, there's the $35-million pre-fab fixer-upper on Lake Tahoe.