Wednesday, June 28, 2023


 S&P 500 stocks at 52 week high

Instrument Name

Close

Highest

Symbol

A O Smith Ord Shs

72.27

71

AOS

American Airlines Group Ord Shs

17.35

17.08

AAL.O

AmerisourceBergen Ord Shs

188.78

187.87

ABC

AMETEK Ord Shs

159.58

157.38

AME

Amphenol Ord Shs Class A

82.24

82.15

APH

Apple Ord Shs

188.06

187

AAPL.O

Applied Material Ord Shs

146.55

141.79

AMAT.O

Cardinal Health Ord Shs

93.09

92.52

CAH

Carrier Global Ord Shs

49.49

48.63

CARR.K

Church And Dwight Ord Shs

98.78

97.66

CHD

D R Horton Ord Shs

123.05

120.4

DHI

Delta Air Lines Ord Shs

46.09

43.14

DAL

Eaton Ord Shs

197.65

196.89

ETN

Eli Lilly Ord Shs

464.5

458.84

LLY

Fastenal Ord Shs

58.46

57.64

FAST.O

Fedex Ord Shs

246.76

240.09

FDX

FleetCor Technologies Ord Shs

245.67

244.45

FLT

Fortinet Ord Shs

73.66

73.59

FTNT.O

Fortive Ord Shs

73.06

72.03

FTV

HCA Healthcare Ord Shs

297.6

295.4

HCA

Howmet Aerospace Ord Shs

48.1

47.16

HWM

Intuitive Surgical Ord Shs

330.02

329.36

ISRG.O

Lam Research Ord Shs

649.16

630.03

LRCX.O

Lennar A Ord Shs

126.06

122.3

LEN

Lowe's Companies Ord Shs

223.56

221.56

LOW

Martin Marietta Materials Ord Shs

452.09

442.78

MLM

Masco Ord Shs

57

56.69

MAS

Microchip Technology Ord Shs

86.78

86.64

MCHP.O

Norwegian Cruise Line Holdings Ord Shs

19.59

19.54

NCLH.K

NVR Ord Shs

6330.2002

6160.21

NVR

NXP Semiconductors Ord Shs

200.32

197.85

NXPI.O

Omnicom Group Ord Shs

96.75

96.14

OMC

PACCAR Ord Shs

80.36

79.48

PCAR.O

Parker-Hannifin Ord Shs

380.19

375.47

PH

Pentair Ord Shs

62.7

61.04

PNR

PPG Industries Ord Shs

144.43

143.08

PPG

Pultegroup Ord Shs

78.67

76.27

PHM

Quanta Services Ord Shs

194.66

190.94

PWR

Republic Services Ord Shs

150.19

148.19

RSG

Rockwell Automation Ord Shs

322.66

320.75

ROK

Roper Technologies Ord Shs

470.87

462.02

ROP

Royal Caribbean Group Ord Shs

101.43

97.92

RCL

Snap On Ord Shs

283.18

277.79

SNA

Take Two Interactive Software Ord Shs

146.34

143.51

TTWO.O

TJX Ord Shs

82.8

82.72

TJX

TransDigm Group Ord Shs

873.74

855.34

TDG

United Airlines Holdings Ord Shs

56.03

54.26

UAL.O

Universal Health Services Ord Shs Class B

156.37

152.67

UHS

Vulcan Materials Ord Shs

220.42

214.77

VMC

WW Grainger Ord Shs

770.5

748.09

GWW

Zimmer Biomet Holdings Ord Shs

144.81

144.58

ZBH

 

 

"I wish everything else in America was working as well as Costco does," So said Charlie Munger.

“I believe Costco does more for civilization than the Rockefeller Foundation,” Munger said. “I think it's a better place. You get a bunch of very intelligent people sitting around trying to do good, I immediately get kind of suspicious and squirm in my seat.” 





Monday, June 26, 2023

 

The latest regarding weight-loss drugs: 
  • Eli Lilly's experimental medication mimicking 3 hormones  yielded a 24% weight loss on the highest dose over 48 weeks in a phase 2 trial, the most seen yet.





  • Wall Street’s obsession with next-generation obesity and diabetes treatments intensified over the weekend as drugmakers presented new clinical-trial data on the drugs 


Sunday, June 25, 2023

Notes Today:

  • Low water levels in Panama Canal expected to impact U.S. grains
  • New 2023 World highest temperature was set yesterday in Iran: 51.8C (125.24F) at Shahdad ,Kerman Province, in the Dash-el-Lut desert. 
  • Ford got a $9.2 billion loan to build three EV battery factories in Tennessee and Kentucky.

  • So far Midwest rain does not seem that impressive to me. But what do I know? Market will let me know in 6 hrs.

  •  Evidently better than expected rainfall across the "I" states this weekend.



Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

Saturday, June 24, 2023

 


Quick Overview is up to date

Corn & Beans:

The rain that’s in the current forecast better show up, as a further deterioration in crop conditions could result in a historic bull market..
































Notes Today: 

  • Almost 770,000 CalPERS members hit by cyber attack. Largest US pension fund says dates of birth and social security numbers compromised. FT
  • 3 people have acquired malaria in the US (Florida & Texas). They’re the first in 20 years.
  • A Ukrainian source I trust says Wagner is headed to Moscow. (Looks like the wagner dude is having second thoughts).


  • Russia possesses a total of 5,889 nuclear warheads as of 2023. 

  • Morgues full and hospitals overwhelmed as India’s heatwave death toll hits 170. 

  • Beijing issues highest heat alert as north China swelters. 

 

Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that

Thursday, June 22, 2023

Economists warn that recession could be the price that central bankers have to pay as they continue their battle against inflation


  • Japan’s consumer prices rose at a faster pace than expected in May. Prices excluding those for fresh food gained 3.2% YoY


This is a boon for the US economy and overall jobs.



Notes Today:

 

    The big question that will be asked about us and this period is just exactly how everything got so fucking stupid and so fu so fast. Of course, someone will have to be around to ask the question.
    • (perhaps Jim Stewartson has an answer?)

    • Harvard dishonesty expert accused of dishonest..
    • Public approval of the Supreme Court has fallen to an all-time low of 30% 

    • Sonia Sotomayor: “Samuel Alito is the most corrupt Supreme Court Justice in history.”

    Clarence Thomas: “Hold my beer!”

    Brett Kavanaugh: “Did someone say beer?”

    From Captain Obvious @TheFungi669 

    • Fed’s Powell Says US May Need One or Two More Rate Hikes in 2023.. 

    • Britain’s annual inflation rate did not fall as economists had expected in May, remaining stuck at 8.7%.
    • Canadian wildfires, burning for weeks, continue to burn and spread, while news of a lost submersible, and sad loss of 5 lives, has been covered incessantly.

    • Musk, Tesla / Twitter boss, said that his electric-vehicle company will be in India “as soon as humanly possible”.

    Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.

     


    The Economist list of most liveable cities


    They are overlooking weather.

    Include weather, and San Diego beats Vienna – easily! 

    Tuesday, June 20, 2023

    Price and volume break out (today in S&P 500)

    Instrument Name

    Close

    % change

    Volume

    % above

    Symbol

    Generac Holdings Ord Shs

    128.87

    7.9132

    2141091

    103.1145

    GNRC.K

     

     



    Will US corn Yield come in at the  estimated 181.5 this year?


    US & World Corn stock to use ratio

    Corn

    USDA Corn % Excellent + Good Ratings



    Notes Today: 

    • 40 million Americans will have to pay an average of $350 a month in student loans after a 3 year pause.

    • More Americans Are Getting Auto Loans That Exceed the Worth of Their Cars. Loans hit 125% of vehicle value in first quarter. The trend may foreshadow higher delinquencies. (Bloomberg)
    • Qualcomm cuts 415 jobs at San Diego headquarters amid lingering smartphone slump 

    • New home construction surges by most in 30 years, suggesting recovery from Fed hikes.

    • The 14th Amendment Section 3. bars anyone from holding office who has engaged in insurrection against the United States.
    •      Nicole Wallace (MSNBC) has the trump lies count since 2016 at 30,000 plus.

     

    Problem with these notes: some tend to run up against a deeply rooted feature of human cognition - the desire not to think about anything unpleasant…Sorry about that.