Locator: 48399ARCHIVES.
Land of the free: percent of home-owners who are mortgage-free is at an all-time high. One wouldn't know it watching CNBC all day long. Link here.
Locator: 48398ARCHIVES.
SPLIT! Are you kidding me? Never saw this on my bingo card. And why is my best source of news for "stuff" like this only on Reddit? Link here.
Problem: lots of misinformation on Reddit, but can easily be fact-checked. Schwab splitting many / all of its ETFs? But the headline right now: SCHD -- 3:1 split. Effective October 10, 2024. Shouldn't mean a thing for (most) investors? Lots of discussion about buying fractional shares of ETFs. All I can say is this: if you can't afford to buy a single share of $25/share ETF maybe ... link here.
Vaccinated: for the record, received my annual Covid-19 and my annual "flu" shot today.
Indicted: NYC Mayor Eric Adams indicted on federal charge.
Depressed? Consumer confidence fell last month -- CNBC. Whatever happened to Prozac nation? ".... the memoir's "self-pitying passages make the reader want to shake the author, and
remind her that there are far worse fates than growing up during the
'70s in New York and going to Harvard."
Confused:
Streamed! Spend some time on this graphic. Speaks volumes. Look at the small piece that Disney has. Lots of opportunity for growth. I expect this chart to look a lot different ten years from now.
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The Book Page
Colossus: Bletchley Park's Greatest Secret, Paul Gannon, c. 2006.
I just finished Geniuses At War: Bletchley Park, Colossus, and the Dawn of the Digital Age, David A. Price, c. 2021. David A Price recommended Colossus.
Already started reading. Yes, if this is your genre, this book needs to be on your bookshelf.
Too detailed? Yes, but that's what I wanted.
Locator: 48397B.
Gasoline demand: link here. Unremarkable.
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Back to the Bakken
WTI: $69.69.
Active rigs: 34.
Six new permits, #41175 - #41180, inclusive:
One permit canceled:
Locator: 48396AI.
After downgrade earlier this morning:
Tesla: could report its best quarter ever. China.
This is truly amazing.
One can really make a good trade by playing the game: "Would you rather....?
Most interesting of the four? Rivian. Rivian has been a darling of Wall Street. I had recently considered buying a small amount of Rivian once a week and building a huge position over time. Sophia talked me out of it. I have no position in Rivian.
"Fast Money" talk shifts to hybrids. Fake EVs.
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China's Stimulus
At one time, it was predicted that China's economy would overtake that of the US.
It didn't, of course, but that doesn't meant China doesn't still have a huge economy. We've been through this before.
China will now stimulate its economy. It has no choice. We talked about this years ago.
And amazingly, this is getting less attention on CNBC than what the Fed will do next.
How bad is it? Xi has purged his entire economic team. One would assume the next economic team doesn't want to face the same fate.
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Disclaimer
Brief Reminder
Locator: 48395MU.
Despite what some folks tell us, chips are NOT commodities.
TV crawler at 3:57 p.m. CDT, after earnings released: shares up $14.33.
The "Fast Money" folks are still negative on Micron. But then they've been on the wrong side of Apple also over the years. Must "have grown up" on Intel.
