The Million Dollar Way (The Bakken Oil Blog)

Thursday, April 13, 2023

Apple -- April 13, 2023

Locator: 44387D.

Apple, four links:

Apple chips. Link here.
Watch list. Link here.
Motley Fool. Link here.
Production shift. Link here.

We'll come back to one of these later.

Apple chips. Link here.

Girls Soccer -- April 13, 2023

Locator: 44386B.

Girls soccer! Whoo-hoo! Olivia's high school soccer team played first of two games in the state soccer championship. Tied in regulation time. Grapevine, TX, Lady Mustangs win 2 - 1 in the shootout. A day off, and then Saturday, the championship game!

Person of the day: Gladys West, wiki entry.

Basking In The Sun -- April 12, 2023

Locator: 44385B.

Thursday: slowest day of the week. No mail arrives on Thursday. Most economic news comes out Monday - Wednesday. I guess we get a jobs reports on Thursday.

Jobless report: link here: new formula for adjusting unemployment applications on a seasonal basis led to an increase in said applications, and now we get a lede that suggests said applications are at their highest level in more than a year.

Well, isn't that what they said would happen? Better reporting would have included numbers based on old formula as we transition to new formula over six months. Whatever.

Almost everyone polled / asked says we're in a recession.

Me? A "Goldilocks" economy. The Fed says the US has way too many people working and we need more layoffs. Bonds are back, I guess. I don't know. From the linked article:

U.S. applications for jobless benefits rose to their highest level in more than a year, but remain at relatively low levels despite efforts by the Federal Reserve to cool the economy and job market in its battle against inflation.

Jobless claims in the U.S. for the week ending April 8 rose by 11,000 to 239,000 from the previous week, the Labor Department said Thursday. That’s the most since January of 2022 when 251,000 people filed for unemployment benefits. [239,000 / 330 million = 0.07%] [239/251 = 95.2%].
The four-week moving average of claims, which evens out some of the week-to-week fluctuations, rose by 2,250 to 240,000 [=0.9%]. That’s the most since November of 2021 -- a little over a year ago..
Last week, the Labor Department unveiled revised estimates of the number of weekly applications for jobless benefits under a new formula it is using to reflect seasonal adjustments. The new formula, which led to an increase in its weekly tally, is intended to more accurately capture seasonal patterns in job losses.

The Warthog, the A-10. I honestly did not know it was still flying. Wow. For the archives. Over at The WSJ.

Market - Fed - Reading - Crossword Puzzle -- Rambling -- April 13, 2023

Locator: 44383B.

BUD is up today in early morning trading.

Poolside, 9:58 a.m. -- enjoying the sun. Photo from the other evening. His mate has laid her eggs. They now share duties but it's she that is on the nest almost 24/7. He's taking a break. Later, he was joined by another male. This one "owns" this pool. The other was visiting.

TThe Fed considers a pause.

The market seems not to care. JPow writes that the "banking crisis" will push the US into recession later this year. Let's look at context. Link here.