Friday, April 26, 2024

Clearing Off The Desk -- April 26, 2024

Locator: 46868B.

Clearing the desk.

EVs: more bad news.


Economy:

  • US GDP, Carl Q: on top of the world. And not just by a little, but a lot
    • but even better, look at the trends
      • up: US, India
      • down a lot: Japan, EU, UK
      • down, but perhaps just taking a breather, recession? China
    • but that EU, UK drop is stunning -- because the lines crossed in 2012, the stunning drop is easily missed
    • but EU, UK look dreadful; Why? Energy and regulations
    • at least two many EU/UK energy companies are looking to get listed on NYSE; they've had enough
  • US spending: on a tear -- Carl Q
    • the last two months were the strongest personal spending growth numbers in over a year! Link here.
  • inflation: OMG! Link here.
    • but wait, there's more -- one hour after inflation numbers were released, all was forgotten
    • DOW up 60 points in pre-market despite Big Oil underf performing
    • NASDAQ surges -- again pre-market


Energy
:

  • cloudy weather for solar energy in the US: link here.
  • but worse, US solar panel manufacturers want US policies to stop China dumping


Southern surge
: as expected, San Diego is now the top border region for migrant arrivals; link here;

  • absolutely predictable;
  • my only comment: why did it take so long?

CHIPS Act: link here.

  • the social media comments: talk about a lot of folks that simply don't get it


Energy
:

  • EIA: US natural gas-fired electricity generation consistently increased in 2022 and 2023;
  • link here;
  • AI revolution in the US: energy needs will surge

Personal investing:

  • I post my "investment buckets" as they change
  • in my Big Pharma bucket, I have only one stock: ABBV
  • today; at open, ABBV falls almost 3%

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