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%