The Market -- Morning Trades -- August 9, 2024

Locator: 48373INV.

The Fed: dual mandate --

• current numbers / goals completely arbitrary:
• inflation rate target: 2%
• unemployment: no numerical goals
  
• after thirty years of investing and following things fairly closely, one could argue, better numbers / goals:
• inflation rate target: 3%
• unemployment: no numerical goals
  
• better goals
• inflation rate target: no numerical goals
• unemployment: no numerical goals

The Fed:

• most recent comments from some governors suggest there might not be a rate cut in September;
• we're still not seeing the pain JPow wants to see
• previously posted

CNBC: this morning -- 

• INTC: down 4% in early morning trading; analyst -- avoid, avoid, avoid
• CSCO: could announce second round of layoffs; could be bigger than the one earlier this year; announcement could be as early as Wednesday next week; but a lot happening in CSCO that might explain this; down 0.8% today.
  

• MPC: up 21% over past year.
• Stellantis: to cut 2,450 hourly positions; will end production of its Ram 1500 Classic truck model at a Detroit plant. It will be interesting to see how this relates to Stellantis' commitment to a low-cost EV.
  

***********************************
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.
  

Others:

• AAPL: up slightly:
• OXY: down almost a percent'
• F: up 5% over past 5 days; back above $10
  
• BRK-B: up marginally;
• SCHB: up slightly; mostly flat;
• SCHG: up 0.3%;
• SCHD: down 0.3%;
• CHRD: down 2.4% over past 5 days;
• NOG: up 2.25% over past 5 days;
• CRWD: up 21% over past 5 days; predictable;
• the problem was "solved" within 24 hours
• only Delta Airlines in the news -- but it took upwards of five to six days to resolve issues
• American Airlines was back up and running within six hours? Needs to be fact-checked. 
  

Around the net