Closest to The Pin - first time this ever happened !
Something funny is happening with AI
Back to business - some stories from Europe.
Better yet - how about some Fed Limericks?
PLUS we are now on Spotify and Amazon Music/Podcasts!
Click HERE for Show Notes and Links
DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.
Love the Show? Then how about a Donation?
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
Warm Up
- Back from Europe - Ireland and England (Ever been to an English Wedding?)
- - Vaping a big thing in Europe (London)
- A surprise CTP announcement - never before situation
- Back for more - A special set of Fed Limericks
- A lesson in Breath - very narrow right now...
Market Update
- AI running the show
- NVDA - hits the $1 trillion mark for a moment today
- UK inflation - still going
- Case Shiller Housing report is out and ISM Manufacturing, Employment Report Friday
- Apple - Bigger and Bigger
-AI name - Did anyone hold C3.AI? UP BIG!
DONATIONS ! That was better - but we are going to hit the debt ceiling at DHUnplugged - need your help.
SPECIAL GOODBYE to William O'Neil - Investor Business Daily Founder - pioneer of charting - passed at the age of 90
Housing and Eco
- Case Shiller DOWN 1.1% YoY
- Consumer Confidence up to 102 - still high (down slightly from last month)
- UK - Consumer prices rose by 8.7% in annual terms in April, down from 10.1% in March but still leaving Britain with the joint highest rate of inflation among Group of Seven advanced economies alongside Italy.
----In Western Europe, only Austria had a higher rate.
- Food +20% YoY
( Observance - NO RECESSION IN LONDON - Lots of spending going 0n)
Cathy Woods - Talking Valuations
- The "visionary investor" sold out the fund's position in NVDA in January due to valuation concerns
- - Meanwhile, when has valuations mattered to CW before?
Vaping Crackdown
- The British government said on Tuesday it would close a loophole that lets retailers give free samples of vapes to children in a clampdown on e-cigarettes
- 2023 survey by public health charity Action on Smoking and Health (ASH) of 11-17 year olds in which 2 out of 5 young people said they smoke vapes just to try it, while 1 in 5 said they do it due to peer pressure.
- Have there been any good studies on vaping vs traditional smoking?
China Stocks
- Re-opening craze - not playing out as expected
- Small - retail investors have turned pretty bearish on China's stocks
- China's small investors are also such a large force - accounting for some 60% of turnover, according to China Securities Regulatory Commission Chairman Yi Huiman, compared with a JPMorgan estimate of less than 25% in the United States - that their lack of interest shows up in market data.
- CSI 300 down about 16% from October high
Turkey
- The Turkish lira slumped to yet another all-time low Tuesday, extending its slide after the re-election of incumbent President Recep Tayyip Erdogan.
- Erdogan believes that lower interest rates help to curb inflation
- LIRA down 7% YTD - MULTI DECADE LOWS
LIRA - USD
Debt Ceiling Talks
- Agreement in Principle
- McCarthy says it will be transformational for Americans
- WAIT - wasn't this just supposed to be about raising the limit so bills that were already outstanding could be paid???
--- How much fat have they put into this?
- Example: Manchin added a feature to approve all of the remaining permits to complete the Mountain Valley Pipeline that has been stalled for a long time. (pork/earmarks)
- Watch for many 3PM - 3:30PM "surprise" announcements
Disney Chess Match
- Walt Disney Co is scrapping plans to relocate 2,000 jobs to Florida in part because of "changing business conditions" in the state, according to an e-mail to employees seen by Reuters.
- Disney parks chief Josh D'Amaro said "leadership changes" and "chang...
Something funny is happening with AI
Back to business - some stories from Europe.
Better yet - how about some Fed Limericks?
PLUS we are now on Spotify and Amazon Music/Podcasts!
Click HERE for Show Notes and Links
DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar.
Love the Show? Then how about a Donation?
Follow John C. Dvorak on Twitter
Follow Andrew Horowitz on Twitter
Warm Up
- Back from Europe - Ireland and England (Ever been to an English Wedding?)
- - Vaping a big thing in Europe (London)
- A surprise CTP announcement - never before situation
- Back for more - A special set of Fed Limericks
- A lesson in Breath - very narrow right now...
Market Update
- AI running the show
- NVDA - hits the $1 trillion mark for a moment today
- UK inflation - still going
- Case Shiller Housing report is out and ISM Manufacturing, Employment Report Friday
- Apple - Bigger and Bigger
-AI name - Did anyone hold C3.AI? UP BIG!
DONATIONS ! That was better - but we are going to hit the debt ceiling at DHUnplugged - need your help.
SPECIAL GOODBYE to William O'Neil - Investor Business Daily Founder - pioneer of charting - passed at the age of 90
Housing and Eco
- Case Shiller DOWN 1.1% YoY
- Consumer Confidence up to 102 - still high (down slightly from last month)
- UK - Consumer prices rose by 8.7% in annual terms in April, down from 10.1% in March but still leaving Britain with the joint highest rate of inflation among Group of Seven advanced economies alongside Italy.
----In Western Europe, only Austria had a higher rate.
- Food +20% YoY
( Observance - NO RECESSION IN LONDON - Lots of spending going 0n)
Cathy Woods - Talking Valuations
- The "visionary investor" sold out the fund's position in NVDA in January due to valuation concerns
- - Meanwhile, when has valuations mattered to CW before?
Vaping Crackdown
- The British government said on Tuesday it would close a loophole that lets retailers give free samples of vapes to children in a clampdown on e-cigarettes
- 2023 survey by public health charity Action on Smoking and Health (ASH) of 11-17 year olds in which 2 out of 5 young people said they smoke vapes just to try it, while 1 in 5 said they do it due to peer pressure.
- Have there been any good studies on vaping vs traditional smoking?
China Stocks
- Re-opening craze - not playing out as expected
- Small - retail investors have turned pretty bearish on China's stocks
- China's small investors are also such a large force - accounting for some 60% of turnover, according to China Securities Regulatory Commission Chairman Yi Huiman, compared with a JPMorgan estimate of less than 25% in the United States - that their lack of interest shows up in market data.
- CSI 300 down about 16% from October high
Turkey
- The Turkish lira slumped to yet another all-time low Tuesday, extending its slide after the re-election of incumbent President Recep Tayyip Erdogan.
- Erdogan believes that lower interest rates help to curb inflation
- LIRA down 7% YTD - MULTI DECADE LOWS
LIRA - USD
Debt Ceiling Talks
- Agreement in Principle
- McCarthy says it will be transformational for Americans
- WAIT - wasn't this just supposed to be about raising the limit so bills that were already outstanding could be paid???
--- How much fat have they put into this?
- Example: Manchin added a feature to approve all of the remaining permits to complete the Mountain Valley Pipeline that has been stalled for a long time. (pork/earmarks)
- Watch for many 3PM - 3:30PM "surprise" announcements
Disney Chess Match
- Walt Disney Co is scrapping plans to relocate 2,000 jobs to Florida in part because of "changing business conditions" in the state, according to an e-mail to employees seen by Reuters.
- Disney parks chief Josh D'Amaro said "leadership changes" and "chang...
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