For The Archives: The Only Story Today -- Twitter -- October 28, 2022

I've Completely Lost Track Of How Many Times The Fed Has Raised Rates -- Occtober 28, 2022

I was going to do a post on this subject, the Fed raising rates, but I've completely lost track and not interested in looking it up. Jay Powell is lucky he can't be fired (actually, Americans even more so). No one mentions it but I think Powell is more concerned about the national debt than anything else. For the archives:

But first, Bengaluru? Link here.

Now the rest:

Crack Spreads -- Friday, October 28, 2022

See this post. I said I would post some "crack spread" data.

Refiners smash records (okay) but then this, most stupid "analysis" ever -- but few plan to build more ... well duh. Link here. I wonder why? LOL.

Refining margins. Link here. 

Apple Beats On Top And Bottom Lines -- Margins Come In At 24.3% Vs 24.1% Expected -- October 27, 2022

Huge beat.

Macs: actual $11.5 billion vs  $9.4 billion. I find that incredible. 

Holy mackerel, share price reverses. Traders apparently seeing what I'm seeing.

iPhone 14 on sale for only eight days in the entire quarter, and the holiday quarter has just started.

Wow, CNBC is negative on AAPL. Not unexpected. After falling significantly during the day, AAPL looks like it may turn green in after-hours. 

Holy mackerel, AAPL has turned "green" after hours, but back and forth -- around the "flat line."

Shares went from being down $4.55 / 3% during the day to being up $1.30 / 0.9% after hours.

Yeah, anyone paying attention knows this was a huge beat. 

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Sempra Infrastructure And Silicon Valley Power Sign Agreement For Renewable Energy Supply -- October 27, 2022

Press release:

HOUSTON, Oct. 27, 2022 -- Sempra Infrastructure, a subsidiary of Sempra, and Silicon Valley Power announced today they have entered into a 20-year power purchase agreement for the long-term supply of renewable energy to the City of Santa Clara, California, from the proposed Cimarrón wind project, Sempra Infrastructure’s cross-border wind generation facility under development in Baja California, Mexico. 

Cimarrón is expected to be a 300-megawatt (MW) wind generation facility that utilizes Sempra Infrastructure’s existing cross-border high voltage transmission line to interconnect and deliver clean energy to the East County Substation in San Diego County.