Drill baby, drill pledge sends oil prices down today
Oil slid as U..S President Donald Trump promised to boost U.S. crude production. Brent crude retreated almost 1% to near $80 a barrel.
Notes You Need
Apple’s fourth quarter iPhone stumble is bad news for stocks
Apple (AAPL) sold 5% fewer iPhones globally and lost ground to Chinese rivals in the last quarter of 2024.
The iPhone slipped a percentage point to a 18% worldwide market share in 2024, according to Counterpoint Research data. rival Samsung Electronics also gave up share to Android smart phone makers from China, led by Xiaomi and Vivo. For the full year, Apple saw a 2% decline in sales, according to Counterpoint Research. In 2024 the global smart phone market grew by 4%.
China’s deflation problem got worse in December
China’s consumer price index rose 0.1% in December from a year earlier, in line with the median forecast of economists surveyed by Bloomberg. Factory deflation extended into a 27th month, though the producer price index recorded a slower drop of 2.3%, the National Bureau of Statistics said Thursday. For the full year, consumer prices only inched up 0.2% from 2023, well short of the 1.1% gain economists had predicted at the beginning of 2024.
Fed’s December minutes another nail in the coffin for early interest rate cuts
In minutes from the Federal Reserve’s December 17-18 meeting released on Wednesday, January 8, Federal Reserve officials clearly decided to move more slowly on cutting interest rates in the quarters ahead. “Participants indicated that the committee was at or near the point at which it would be appropriate to slow the pace of policy easing,” minutes from the Federal Open Market Committee showed. “Many participants suggested that a variety of factors underlined the need for a careful approach to monetary policy decisions over coming quarters.” Please note the reference to “quarters” and not “months.”
More bad news for stocks from the bond market today
The 20-year Treasury bond, a laggard on the government debt curve since its re-introduction in 2020, topped 5% Wednesday for the first time since 2023. The move looks to be fueled by concern that President-elect Donald Trump’s policies on tariffs and tax cuts will lead to wider deficits and rekindle inflation.
Notes You Need for October 16: Amazon Prime Day sales, chip turnaround, diabetes scourge, another unicorn disappears
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Notes You Need for September 25: MSFT market fuel, cost of car ownership, Goldman fine, Micky Dee franchise fees up, CSCO buys SPLK
I haven’t done one of these in a while, but I think that this current market is throwing up lots of hints that might contribute to an investing thesis but that don’t deserve a full post. So here I go with Notes You Need again.
Notes You Need for December 28: Air travel, $15 minimum wage, BMW electric car and charging point estimates, gold rally, dollar decline, coronavirus checks, coronavirus vaccinations lag, climate change insurance costs, retail debt downgrades
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. I launched this new feature on JubakAM.com on December 1, 2016. It runs only on JAM and won’t appear anywhere else. (Because I haven’t done one of these in a while and because there’s so much news, this might run on for a while.) For example, today at 10:20 a.m. I posted: More than 2.4 million people moved through TSA airport checkpoints this past weekend. That’s about 50% down from the number of people who went through airports in the two days after Christmas in 2019. But it’s the busiest weekend since March. More than 1.28 million people traveled Sunday, the biggest number since 1.52M people flew on March 15. Air travel hit a low of 90, 500 people flying on April 12. The CDC has advised, and state health officials have pleaded, for people to stay home for the holidays in an effort to damp the surge in coronavirus infections.
Notes You Need for August 5: GOLD, WMT, AMZN, CMI, INTC, PXD, Quicken Loans IPO
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...Notes You Need for June 30: Macao gaming stocks, FDA standards for approving a COVID-19 vaccine, AAL jobs, Nevada casinos, DNR misses interest payment, Airbus cuts jobs, Qualcomm wearable chips
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...
Notes You Need for June 16: China coronavirus again, LNG borrowing, North Korea, Florida coronavirus, UAL, mortgage profits, Brazil coronavirus, reluctance to fly
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...
Notes You Need for June 12: YUM, GRUB, PRTY, LULU, HBI, MRNA, Delhi coronavirus
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...Jim’s Stock Alerts
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