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Absolutely Goldilocks.
I don't think "things" could look better for investors.
- the market has reset -- AI, tech -- sort of how I see it (others may see it differently)
- investors are getting used to big numbers with AI;
- investors are getting used to huge CAPEX numbers for AI companies
- hyperscalers: GOOG, MSFT, AMZN, META, SPACEX
- cloud providers: CoreWeave and Oracle are direct competitors
- GPUs / CPUs / TPUS: Nvidia / AMD, INTC / AVGO
- modems / other: QCOM
- memory, US / Korean: MU, Sandisk / SK HYNIX
- fabs: TSMC, MU, Samsung, Texas Industries, GlobalFoundries
- consumer electronic: AAPL
- chatbots: Gemini, ChatGPT, Claude,
- WTI is re-setting
- the Mideast:
- 75% chance: Trump/Israel responds when Iran attacks US/Israeli ships
- US blockade of Iran continues
- WTI spikes (again -- but nothing the US consumer can't handle)
- US consumer assumes gasoline is expensive no matter what the real facts are
- that's good
- 20% chance: Trump accepts Iran's terms; both sides declare victory
- Iran remains a caged bear while Trump is in office
- 5% chance: something else
- jobs report: in big scheme of things, nothing new, simply unwinding the temporary job growth due to FIFA Soccer World Cup
- wage growth: not even an issue; significantly less than expected for month of July
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Jobs Report
Unemployment Remains At 4.1%
Too many numbers; I won't go through them; I won't report them.
Steve Liesman is apocalyptic. Liesman was calling for three rate hikes by the end of the year. All of a sudden, things have changed.
Wage increase? Up one-tenth of one percent vs an expectation of three-tenths of one percent.
NASDAQ went up from +175 to +245 in the last 30 seconds.
And, wow, wow, wow. Cramer's first hour is coming up in ten minutes unless he's taking today off. [Shoot! Jim Cramer and David Farber have the day off.]
Having said all that, I think Steve Liesman is correct -- this is simply the unwinding of the FIFA Soccer World Cup.
But the big story: oil.
Irony, it seems, that we are back to oil as being the big story.
Covid-19 resulted in a long lockdown but the impact was even longer.
I'm starting to get the feeling that the Iran war over the strait will have a similarly long effect on energy, both natural gas and oi.
Oh, by the way, all this anti-LDC talk is idential to the anti-frack talk of some decades ago. It's easy to see from where this anti-LDC talk is coming.
