The Market -- Waiting For Godot -- September 20, 2023

Locator: 45512INV.

F / GM: both in the green, pre-market despite what appears to be a "red" day overall. Although "that' could change; market is now "green."

JPow: will talk tough; will hold rates steady. [Later: exactly what happened. It gets tedious. Traders loved it. Volatility is back.] [Later: and now, TWSJ suggesting the same thing: one more rate hike this year unlikely.]

Recession obsession: GDPNow at 4.9%.

Apple: after years of negative analysis because too much reliance on phones, mainstream analysts have a new strawman: the cloud.

• analysts suggest Amazon has the "hold" on cloud computing;
• analysts have forgotten what the cloud runs on

Recession? A reader brought this to my attention -- Dollar General is generally associated with doing well during recessions and hard time. The question: who is eating DG's lunch?

Apple: I'm inappropriately bullish on Apple; I'm the original Fanboy #3. That can be fact-checked but it's true. 

Generally speaking, reviews of new Apple releases / upgrades are generally panned by analysts but the Apple iPhone 15 is a real exception. Getting nothing but rave reviews. Wait times for deliveries already pushed out to the "holidays." Of the four models, three saw no price increases and the high end "15" with a modest increase in price appears to be the "one" folks want. They will let their carrier subsidize the cost. I expect to see price cuts on all four models by Christmas. And speaking of great reviews, here's another one.

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.

Covid variants: in rapid succession, this summer -- the Eris, the Pi, and the Pirola variants. The most recent variant with 30 mutations on the genes coding for the surface "spike."