Notes Today:

 

• Domestic US growth outpaced China's economic growth in 2021 for the first time in decades. 

• Apple posted its highest revenue in its history. Sales rose 11% to $123.9 billion in Q1.

• Tesla on the other hand lost some $100 billion on the day.

• Warren Buffett is once again richer than  Zuckerberg (CEO of the AKA plague on humanity)   a reminder that value-investingworks.

• The markets sold off when Fed head Jerome Powell said interest rates could rise further.

• Well, something that’s quite positive about higher interest rates is that we will, at long last, have safe and meaningful outlets for savings again. Your CD’s may just start to earn more than pennies.. 

• Global investment demand for gold suffered a more than 40% drop in 2021, even as bar and coin demand climbed to an eight-year high and investment demand for the fourth quarter more than doubled, according to a report from the World Gold Council released Thursday evening.