The Million Dollar Way (The Bakken Oil Blog): TGIF -- August 9, 2024

Friday, August 9, 2024

Locator: 48371ARCHIVES.

Trump: delusional as ever. Link here. Front page, top story. Puts the Fed on notice. "I'll be in charge. I'll run the Fed."

Personal investing: at the open, will be adding to positions in NVDA, AMD, TSM, and AAPL.

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Disclaimer Briefly

Reminder

I am inappropriately exuberant about the US economy and the US market,
I am also inappropriately exuberant about all things Apple.
See disclaimer. This is not an investment site.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 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.
Reminder: I am inappropriately exuberant about the US economy and the US market,
I am also inappropriately exuberant about all things Apple.

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Mideast

Mideast: let's start the countdown --

Friday, August 2, 2024: nothing
Saturday, August 3, 2024: nothing
Sunday, August 4, 2204: folks said "tonight" would be the night; nothing
Monday, August 5, 2024: Trump says "tonight" will be the night. Nothing.
Tuesday, August 6, 2024: twitter devoid of any incident in the Mideast overnight.
Wednesday, August 7, 2024: Egypt tells airlines to avoid Tehran airspace Thursday morning (tomorrow morning) -- posted at August 7, 2024, 8:22 p.m. CDT, from the Drudge Report

Iran: now suggests it will go after those who assassinated the terrorist leaders; won't attack Israel
consensus is Iran does not have the resources to attack Israel; "can't afford a war";
F-22s arrive in the Mideast; roost at undisclosed location (Kuwait?); location / number not released
wow, how I wish was still active duty -- thirty years with the F-15 -- never got old

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AI: The Revolution

AI:

I'm in the second camp; and putting money to back up my position; again, see disclaimer.

Talking head on CNBC this a.m.

Recurrent story, link here;

Three tech links:

incredible graphic; good, bad, indifferent -- absolutely amazing: NVDA vs INTC;
TSMC: sales surge, Barron's;
NVDA: what TSMC's sales mean for Nvidia;

Back to Intel, link here. Old story; being re-posted by Reuters.

Evan, link here:

The EV narrative continues, link here:

Beth Kindig: link here. Just a sampling -- seems more grounded than Cathie Wood -

McKinsey technology trends outlook:

McKinsey recently published the 2024 edition of McKinsey’s Technology Trends Outlook, which details the 15 most important tech trends for this year, as well as the tools and resources needed to bring these opportunities to life.
long story short:

tech investments decreased by 40 percent in 2023 to about $570 billion. This is likely due to a challenging macroeconomic environment, including elevated interest rates.
some domains still grew, including generative AI, which saw a sevenfold increase in investments—and a 700 percent spike in Google searches—powered by remarkable advancements in text, image, and video generation.
electrification and renewables received the most investment last year, even more than gen AI. These investments aim to accelerate decarbonization efforts across the energy production, storage, and distribution value chain.
tech job postings declined by 26 percent in 2023, but we expect that trend to reverse. Today, many job candidates don’t have the high-demand tech skills employers require, but in the future they will.

Renewable energy: