Locator: 48378EISEN.
The Eisen hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Sara Eisen on CNBC.
Bonds: rally in bonds, means lower yields. The market is happy. Source: Eisen.
Holy mackerel! AAPL just surged through $249. Next stop? $250? Early morning trading, AAPL has moved to within 20 cents of $250. Investors enthusiastic about Apple's rollout of AI. Apple has launched ChatGPT with Siri. The bigger story: with a market cap now of almost $3.8 trillion, AAPL is one its way to a market cap with a "4-handle.Whoo-hoo. Later, link here:
Meanwhile, BRK-B:
The two stocks having the biggest drag on my portfolio? SRE and BRK-B. One pays a very nice dividend; the other does not.
Nasdaq's top gainer today: AVGO (Broadcom). Wow.
Factoid #1 -- food inflation: there are only two "foods" that really matter -- sugar and eggs. Okay.
Factoid #2 -- obesity; the #1 health problem in the US. Perhaps factoid #1 is not a problem. Maybe we need to see higher sugar prices and higher egg prices. Instead of a three-egg omelette, how about a two-egg omelette? You will immediately get a one-third cut in egg costs. LOL.
Eggs: if avian flu / supply chain disruption is the #1 cause of egg inflation, what's the #2 cause? That's easy: cost of transportation, stocking.
How are egg producers working this problem? Egg producers are moving to 18-egg cartons as the norm. Moving away from 12-egg cartons. Moving to 18-egg cartons.
US consumers, when grocery shopping, will gradually move from two-12-egg cartons to two 18-egg cartons. Here in north Texas, it's becoming more and more difficult to find 12-egg cartons; 18-egg cartons are easily found. No change in price per egg (which means the profit margin increases for the grocer).
In other words, US consumers will gradually move from 24 eggs in their fridge to 36 eggs in their fridge as the norm, and soon, 54 eggs in their refrigerators.
454 eggs? Yes. Refrigerator shelving generally works with three-carton stacking. 3 x 18 = 54 (folks may want to fact-check my arithmetic).
Which also begs the question? Are US consumers eating more eggs? Eggs are the cheapest source of protein (much cheaper than chicken, beef, or fish).
Are eggs more expensive than dry cereal with milk?
And finally, if shoppers are moving from 12-egg cartons to 18-egg cartons, and from 24 eggs in their fridge to 36 eggs in their fridge, is the increased price of eggs also due to "hoarding"?
So, this is what I see with regard to increasing price of eggs:
a) supply chain disruptions (avian flu)
b) cost of labor -- stocking shelves
c) "hoarding" by the US consumer
d) possibly increased consumption by US consumers
X vs Bluesky: look at the incredibly small number of replies, retweets, and this is something the Bluesky community is massively interested in:
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Disclaimer
Brief
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 something appears wrong, it probably is. Feel free to fact check everything.
- 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.
- And
now, Nvidia, also. I am also inappropriately exuberant about all things
Nvidia. Nvidia is a metonym for AI and/or the sixth industrial
revolution.
- Longer version here.
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Always Good For A Laugh
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