Saturday, March 11, 2023

 


SVB_Financial: As expected, libertarians a screaming loudest - they need to be bailed out, FIRST!

"Where is Janet with "my" check?"

Notes today: 

  • First Flight of Regional Jet Powered by Hydrogen Fuel Cells–40-Seater is Largest Ever to Fly.
  • One brokerage estimates that there will be about 330 million square feet of excess office space by the end of the decade.

  • WHO: there have been about 677 million covid cases and 6.9 million death.

  • Alphabet’s CEO Sundar Pichai thinks that generative AI (ChatGPT / Microsoft) will be “more powerful than fire or electricity”. 😕

S&P 500 stocks at 52 week lows          (0 at 52 week highs)               

SIVB.O

SVB Financial Group Ord Shs

106.04

-161.79

-60.41%

 

SBNY.O

Signature Bank Ord Shs

70

-20.76

-22.87%

 

FRC

First Republic Bank Ord Shs

81.76

-14.25

-14.84%

 

SCHW.K

Charles Schwab Ord Shs

58.7

-7.77

-11.69%

 

ARE

Alexandria Real Estate Equities REIT Ord Shs

126.8

-12.04

-8.67%

 

BXP

Boston Properties REIT Ord Shs

57.44

-4.5

-7.27%

 

LUMN.K

Lumen Technologies Ord Shs

2.68

-0.2

-6.94%

 

DISH.O

DISH Network Ord Shs Class A

10.53

-0.76

-6.73%

 

TFC

Truist Financial Ord Shs

38.84

-2.78

-6.68%

 

PEAK.K

Healthpeak Properties Ord Shs

21.42

-1.53

-6.67%

 

LNC

Lincoln National Ord Shs

25.66

-1.68

-6.14%

 

NWL.O

Newell Brands Ord Shs

12.24

-0.78

-5.99%

 

VFC

VF Ord Shs

21.78

-1.23

-5.35%

 

CMA

Comerica Ord Shs

58.81

-3.1

-5.01%

 

VNO

Vornado Realty Trust REIT Ord Shs

17.11

-0.77

-4.31%

 

FITB.O

Fifth Third Bancorp Ord Shs

30.37

-1.32

-4.17%

 

HAS.O

Hasbro Ord Shs

49.21

-2

-3.91%

 

CPT

Camden Property Trust REIT Ord Shs

106.91

-3.88

-3.50%

 

CF

CF Industries Holdings Ord Shs

78.47

-2.64

-3.25%

 

MTCH.O

Match Group Ord Shs

35.49

-1.16

-3.17%

 

TRMB.O

Trimble Ord Shs

48.28

-1.48

-2.97%

 

WRK

Westrock Ord Shs

29.81

-0.9

-2.93%

 

JKHY.O

Jack Henry and Associates Ord Shs

158.08

-4.73

-2.91%

 

PAYX.O

Paychex Ord Shs

107.83

-3.22

-2.90%

 

AIZ

Assurant Ord Shs

116.75

-3.13

-2.61%

 

OGN

Organon Ord Shs

22.68

-0.59

-2.54%

 

BAX

Baxter International Ord Shs

38.02

-0.97

-2.49%

 

ZION.O

Zions Bancorporation Ord Shs

40.35

-1.01

-2.44%

 

AKAM.O

Akamai Technologies Ord Shs

71.96

-1.74

-2.36%

 

D

Dominion Energy Ord Shs

53.21

-1.06

-1.95%

 

IFF

International Flavors & Fragrances Ord Shs

84.64

-1.43

-1.66%

 

SBAC.O

SBA Communications REIT Ord Shs Class A

240.12

-3.65

-1.50%

 

MKC

McCormick & Co Non-Voting Ord Shs

70.95

-1.05

-1.46%

 

MTB

M&T Bank Ord Shs

131.72

-1.92

-1.44%

 

MMM

3M Ord Shs

104.06

-1.46

-1.38%

 

AAP

Advance Auto Parts Ord Shs

128.04

-1.79

-1.38%

 

HRL

Hormel Foods Ord Shs

39.18

-0.54

-1.36%

 

BFb

Brown Forman Ord Shs Class B

61.52

-0.77

-1.24%

 

BMY

Bristol Myers Squibb Ord Shs

65.71

-0.8

-1.20%

 

EA.O

Electronic Arts Ord Shs

109.19

-1.27

-1.15%

 

TSN

Tyson Foods Ord Shs Class A

56.98

-0.66

-1.15%

 

CNC

Centene Ord Shs

65.1

-0.44

-0.67%

 

PNC

PNC Financial Services Group Ord Shs

137.16

-0.71

-0.51%

 

PFE

Pfizer Ord Shs

39.39

-0.07

-0.18%

 

 


Friday, March 10, 2023

 


Notes today:
  • Banks F*****Up regularly  you can count on it! Same old movie different actors..

  • Regulators took over California-based Silicon Valley Bank on Friday in the second-biggest bank failure in US history. 
  • "There is never just one cockroach in the kitchen" Warren Buffett
  • Stablecoin (“stablecoins“  hilariously named) giant Circle Internet Financial Ltd said $3.3 billion of its about $40 billion of USD Coin reserves remain at Silicon Valley Bank...
  • USDC's normally stable price sank to $0.89 from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.
  • The ramifications of the Silicon Valley Bank (SVB) crisis have spread to Sweden. SVB's plunge wiped out more than half of the value of the holdings that Alecta — Sweden's largest pension fund — had in the bank.
  • Russia: The life expectancy for young men is now as low as for men in Haiti—and lower than in Bangladesh. (Economist) 

  • China hiked its defense budget by 7.2 per cent, marginally higher than last year, to 1.55 trillion yuan (about USD 225 billion), marking the eighth consecutive year of increase in its military spending. China is the second biggest spender on defense next to the US whose defense budget for 2023 totaled USD 816 billion.

Saturday, March 04, 2023

 

Economics, simply put

 



There is a limit to the amount of information that a person can absorb. This means that choices which they believe to be informed and rational can look irrational to someone with greater knowledge. As any behavioural economist worth their salt could tell you, this theory of decision-making is known as “bounded rationality”.

 

But you’d be forgiven for not knowing that. Economics is littered with complicated-sounding ideas that, once grasped, help to make sense of the world. So we have published a glossary of economic terms, explained in plain English. Our A to Z of economics includes almost 500 cross-referenced entries. Some link to longer explainer articles exploring the topic in more detail. And we’ll keep adding to the list. So the next time you’re puzzled by the Nash equilibrium or struggling to explain quantitative tightening you’ll know where to look. We hope it offers you an absolute advantage (which is also, conveniently, the first entry on the list).

 


Saturday, February 25, 2023


Quick Overview
is up to date 

 Latest US Inflation and Fed Funds comp.




Notes today: 

  • “Despite our citizens’ penchant – almost enthusiasm – for self-criticism and self-doubt, I have yet to see a time when it made sense to make a long-term bet against America,” - calling near-term economic and market forecasts “worse than useless.” 
  • Do yourself a great big favor and read it! Warren Buffett 2/25/2023  
  • We are understanding about business mistakes; our tolerance for personal misconduct is zero.