US House Control --- Again, The Sixth Industrial Revolution -- November 11, 2024

Locator: 48741ARCHIVES. 

Breaking news: former NY GOP rep Lee Zeldin will lead the EPA. Wiki. Trump 2.0 is tracked here. 

His first interview on Fox News: pursue energy dominance; make the US the AI capital of the world; rejuvenate the US automobile manufacturing sector. Roll back regulations that hinder US businesses. Constitutionally, the EPA is pretty low on the totem pole but the EPA has learned how to leverage the vague laws passed by the US Congress to the advantage of the progressives and against the working American. Speaking of guard rails: the EPA has probably "gone out of its lanes." Time for the EPA administrator to get the EPA back inside its lane.

Bingo: for those playing "Trump Bingo" at home, a talking head on CNBC just said "Goldilocks" when discussing Home Depot. 

Now, back to regular programming.

Politics.

US House.

Link here.

Commentary: I noted this morning that all the "liberal" political talk shows seem to have been making the same comments following the election. Now it makes sense. The "Pelosi" talking paper has been released and that will become / has become the official post-mortem for the Democrats political debacle. 

Link here to the official "Pelosi Post-Mortem, 2024." This was the Times take-away: the election was not a rebuke of the Democrats. Maybe. Maybe not. But certainly a rebuke of the Democrat nominee. Kamala Harris did not do better than Biden in 2020 in any county in the entire US. Did not do better in any one county in the entire US. Yes, I would call that a rebuke.

Rachel Maddow airs tonight. Her talking points will parrot Pelosi's talking points.

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Market

S&P 500 closes above 6,000 for first time ever.

For those fully invested, the next four years could be amazing.

The sixth industrial revolution.

I'm not sure where "Bitcoin" fits into this model. A key component of the six industrial revolution is the huge amount of energy the US is going to need over the next twenty years. "Bitcoin" mining is going to add to that demand. 

Link here.

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Back to the Bakken

WTI: $68.11. Watch the price of gasoline plummet (except in California).

Veterans Day: no daily activity report.