Goldilocks Economy Continues — Dow Is Up 250 Points -- Mid-Morning -- WTI At $90 -- September 14, 2023

Locator: 45647INV.

Theme on CNBC today: RESILIENT.

• resilient economy
• market much better than expected (CNBC panel doesn't understand it; can't explain it)
  
• jobless claims down -- unexpected
• market handling $90-oil just fine
• market ignoring China's problems

It's official: WTI broke through $90 earlier; now in a narrow range, around $89.90. 

Jobs report today:

AAPL: the more I look at Apple's most recent announcement, the more excited I get. I'm seeing the same thing among knowledgeable tech analysts. 

• gaming;
• new buy rating;
• another buy rating.

Retail sales suprise: link here. 

ECB hikes rates, 10th consecutive time. From report:

Rate raises have now hauled the central bank’s main deposit facility from -0.5% in June 2022 to a record 4%. A key reason for the hike Thursday appeared to be upward revisions in newly-published staff macroeconomic projections for the euro area, which see inflation averaging at 5.6% this year, 3.2% next year and 2.1% in 2025. However, it also indicated that further hikes may be off the table for now.

Europe’s biggest economy has shown continued deterioration, with business sentiment plummeting and services now declining along with manufacturing. Germany is forecast to be the only major European economy to contract this year — though the wider picture is also downbeat, with euro zone business activity declining in August to its lowest level since November 2020.

PPI: up 0.7% vs 0.04% expected, August 2023. But "core" inflation in check. Link here.

Lodging: link here.

Two “Chinese” companies at risk, have nice opening today: AAPL; TSLA.