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Tuesday, December 5, 2023

AAPL: Surges — $3.01 Trillion Market Cap (Again) — December 5, 2023

Locator: 46238HEADLINES. 

Lego: again, speaks volumes with regards to the economy:

No has mentioned it yet? Why is oil plummeting in price?

  • what is oil? A commodity
  • what do commodities do during an inflationary environment? Commodities surge.
  • what does oil do when the dollar strengthens?
  • Q.E.D. If you know, you know.

Dollar: the Chinese, Europeans, really do like us. LOL. 

Chart of the day: both of these tickers have been around forever. Five years ago we all had the same information. Hindsight is 20/20:

BITCOIN: going up almost parabolic. (See comments.) What does BITC need? This is not a trick question.

AAPL: up almost $5 / share today. AAPL 52-week high at $198 but highest 52-week close at $195. AAPL high at $194.40 today.

NVDA: up $8 / share. P/E - 20 — 2025 projected earnings. Price target: $750. Trading ceiling / resistance right now? $500.

TSLA: surging -- Barron's

BRK-B: down almost $4 / share.

INTC: down about a percent.

AMD: down.

Smucker: surprise. Speaks volumes about the economy. This also.

Campbell's: down 28% in the past year. Shows no disinflation and yet can't excite investors. Campbell's had the same problem as Hormel. Previously discussed.

Biggest lesson folks are learning: the relationship between US debt and inflation. Not one analyst on CNBC talks about the US debt / deficit and the market in the same breath. If you know, you know.

  • I don’t think folks get “it” yet.

Ten-year T: trending toward 4% -- right now -- 4.174%. What happens if TYT goes below 4%. Only 15 basis points from 4%.

VIX: at 13. 

JOLTS jolted the market? Josh Brown doesn't buy it. Forecast, 9.6 million vs actual, 8.7 million. The Fed should love this.

Recession? I guess we're gonna get through 2023 without a recession. Now -- on to 2024.

Josh Brown: still gets it. Wow, wow, wow -- he just connected the Fed, inflation, PCE, and shelter. Amazing. "Absurd shelter data from one year ago." The bulls understand what's happening. Doesn't matter when first rate cut comes, Q1 or Q4. Consensus: if first rate cut comes NST July, 2024, it will be a) (too) late; and, b) JPow will be forced to move faster in second half than most Fed members would like.

ROM-COMThis is absolutely crazy. Someone gets it. This is simply amazing. The difference between BRK and WMT. Whoever thought of this? A genius. Apple actually inspired this. Popular in China. Just starting to take off in the US. “The Bachelor” on steroids. Will FTC / US Congress find a problem with this? On another down day for the Dow, WMT is up nicely.

WSJ videos getting better and better. Exhibit A.

Inflation slows to lowest rate since 2021. Link here. Inflation right now: essentially house prices. Let that sink in. Bigger story right now: deflation. If you know, you know. 

Dion Rabouin. Google Dion rabouin videos. Link here. Russia doesn’t have a “monopoly” on jailing reporters. Uses large-screen MacBook Air? 

Better late than never: NDIC posts yesterday’s daily activity report. I’ll summarize later. But high points:

  • active rigs: 40 — going into the winter — interesting
  • DUCs reported completed: 10
  • Enerplus with 8 new Quilliam / Erickson permits in Little Knife oil field; spud separation: 35 feet
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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. 

2 comments:

  1. i think the correct word is asymptotic when describing a rapid run up

    ReplyDelete
    Replies
    1. More here: https://themilliondollarway.blogspot.com/2023/12/taylor-swifts-rise-in-popularity.html.

      Delete

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