Late Morning Trading -- AAPL Plunges -- The Sixth Indusrial Revolution -- October 23, 2024

Locator: 48645AAPL.

I'm not following the analysts' take on this -- AAPL plunging -- but it certainly suggests the ARM/QCOM feud is spooking investors. 

Of course, "all" the tech stocks are down today. NVDA is down almost 3%. CNBC attributes it to Treasury yields moving much higher, so that's fine. But for Apple, lots of bad news today, including headline story on Vision Pro though I don't really know what that means. So, I guess it's all about the 10-year Treasury. 

Link here:

I tried out the only M4 device Apple has on the market right now (at least I think that's correct; needs to be fact-checked) -- the M4 iPad Pro. At the Apple store over the weekend. It was absolutely incredible. The transition from M1 / M2 / M3 to M4 has been incredibly fast. Very exciting.

So, some charts. First, the 10-year moving much higher today:

I don't even know what to make of that. 

One day and one year:

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The Book Page 

How To Hide An Empire: A History of the Greater United States, Daniel Immerwahr, c. 2019. 

An incredible book; highly recommend. Just ordered from Amazon. Again, look at how far prices have fallen. Recurring theme on Amazon; also local grocery store.

 

The book is divided into two parts. A quick survey suggests, the US empire:

Part 1: from the 1776 revolution to December 7, 1941.
Part 2: from December 8, 1941, to the "birther conspiracy -- McCain, Palin, and Obama.

Absolutely fascinating book.

Two big takeaways with regard to WWII:

• it was all about logistics (everyone knows that) but the author failed in using the better analogy: Amazon (AMZN);
• the ten years peri-WWII was the true third industrial revolution

See wiki, as currently understood and generally accepted:

• first industrial revolution: 1760 - 1840; ended in the middle of the 19th century; inventions; advancements in textiles; age of inventions;
  
• second industrial revolution: advancements in manufacturing processes; 1870 - 1914 (beginning of WWI); age of mass manufacturing;
  
• third industrial revolution: beginning in 1947, information age; computer coming out of WWII; Colossus, Bletchley Park;
  
• fourth industrial revolution: rapid technological advancement beginning in the late 1990s; the Age of Apple (or the personal computer).
  

Much better:

• first industrial revolution: ended in the middle of the 19th century; age of invention;
  
• second industrial revolution: 1870 - 1914 (beginning of WWI); age of Henry Ford, mass manufacturing;
  
• third industrial revolution: peri-WWI -- the age of conventional manufacturing and logistics; rise of synthetics and the oil and gas industry; age of Standard Oil (or the age of John D Rockefeller);
  
• fourth industrial revolution: beginning in 1947, information age; the computer age (or the age of Turing);
  
• fifth industrial revolution: rapid technological advancement beginning in the late 1990s -- maybe it began in 1984 with the (in)famous Apple commercial; age of Apple (or the age of Steve Jobs)
  

The question is whether "we" have entered the sixth industrial revolution: Nvidia blades; LDCs; a return to nuclear energy to meet energy needs of the information age.

It's hard for me to accept that the need for nuclear energy to meet the needs of LDCs does not signify a new industrial revolution.