Locator: 51337B.
BRKB sold all AMZN shares earlier this year. Link here.
Walmart: "back-to-school" sales are ... simply ... amazing.
Mideast: if this is where it ends, it's a Pyrrhic victory for Iran. Inviting Oman to join in was simply a "ploy." Trump, of course, definitely knows what is going along, but for a number of reasons he is willing to play along. Fees to transit the strait, apparently, will be "voluntary," about 3% to 10% of value of the cargo. To be determined.
Copper: high prices due to geo-political events (i.e. Trump) but there are also supply disruptions in Chile, which supplies 20% of global demand. The disruptions are due to weather, not labor, as far as I know.
Jamie Dimon: CNBC interview -- sounded more bullish than I've generally heard him. Link here.
Chartists: bullish.
MSFT, GOOG, AMZN: in a good CNBC note this morning, the talking head suggested there are the three "clouds" that have the biggest moat (moat = lots and lots of money). It doesn't seem out-of-line to suggest these three companies are the places to park money for your grandchildren. Cramer says to buy SpaceX for your grandchildren. I prefer MSFT, GOOG, AMZN and many others before I would purchase SPCX.
For the record: Nvidia makes the best GPUs. Link here.
Tech memory: something is not making sense. Sandisk in correctio. I have no interest in it but it is very, very interesting. One wonders if state moratoria on LDCs having an effect.
Human memory:
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Back to the Bakken
WTI: $75.07.
Active rigs: 30. Significant jump.
No new permits per se, however one permitted for recompletion:
- 41137, CLR, Shadowcat 1-31H, SESE 31-162-95, Divide County, wildcat; the well was drilled to establish oil production from the Winnipeg formation. Initial production: dry. Winnipeg is an exploratory play; tends to be natural gas than oil.
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Disclaimer
Briefly:
I am inappropriately exuberant about the Bakken and I am often well out Nofront of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken. 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 Bakken, 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. I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM. Longer version here.
