Wow! Breaking News Now, 2Q24: 3.9% Forecast. GDPNow — April 26, 2024

Locator: 46869ECON.

Inflation to grind higher. No longer “sticky” at 2.8%.

Fed rate: talk will turn to higher rates. 

Link here.

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Hess: 1Q24

Link here.

Are folks paying attention? Look at the y/y increase in net income. Wow.

Let's see:

• production, y/y: 27%.
• income, y/y: 146% (no typo)

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An Apple Misstep?

There are certainly indications that Apple / Tim Cook misstepped with regard to memory upgrades. Tim's logic may have protected margins but probably cost the company bragging rights. I doubt the average consumer even paid attention but Apple's policy with regard to memory upgrades was certainly not helpful. One gets the feeling Tim hates paying thirty-party vendors when he can get same/better results with other methods.

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Personal Investing

No change in strategic investment plan.

Am closing out my KMI position over next few week to simply streamline my portfolio; will continue to build CHRD position.

No recommendation. See disclaimers.

For extended family member concerned about AAPL: today would be another great day to sell some shares in APPL. Comment made for one single individual.