TGIF, Part 2 -- August 25, 2023

Locator: 45481TGIF. 

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.

Jobs: yesterday’s report — US economy on fire.

GDPNow: up again, yesterday. US economy on fire. 3Q23 estimate now at 5.9.

WTI: $80.

FED: higher for longer. [Later: The WSJ suggests no more rate increases.]

Rate increase: baked in, September. Last one, though Bullard suggests we could see 6% next year. Regardless, no rate cuts in 2024.

Realtors: could have tough year in 2024.

Home improvement: will do just fine. People will upgrade to sell home and/or upgrade their home now that they're staying in their home longer.

Homes: ATMs.

F: slashes prices on F-150.

GM: shuts Chandler, AZ, information technology facility.

GM: battery partner Ultium will increase workers' pay by up to 25%. 

GOEV (Canoo): will run out of cash. Burn rate as it ramps up: $80 million / quarter. Cash on hand: $61 million. What, me worry?

NVDA: raises dividend? Need to fact-check. Did announce buyback.

AAPL: prices on existing products slashed by Amazon, others. Clearing shelves for new M3 products to be announced in September. All eyes on new iPhone, new chip.

Shrinkage: another company says shrinkage is growing; this time, Nordstrom. 

When data, facts, info changes, time to pounce! More later.

New RSV vaccine:

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Salmon Dinner

Before soccer practice -- 1.5 hours in 105°F heat.

Perfect Japanese dinner (despite no chop sticks, no soy sauce): salmon, edamame, and rice.