Kissing Ass is good for the wallet
Fed is about to meet and make a rate decision
Time's Person of the Year!
Whistleblower found dead
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
DONATIONS ? Thank you for all who gave to the Thanksgiving Holiday Campaign...
Warm-Up
- Kissing Ass is good for the wallet
- Fed is about to meet and make a rate decision
- Person of the Year!
- Whistleblower found dead
- Markets
- Odd - DJIA down for 7 days, NASDAQ can't be stopped (TSLA pushing this time - once again a reason to look at market cap weightings)
- Fanning the flames - A new name into NASDAQ 100
- Earnings - A few interesting data points
- Social Security benefits increase
- Yes and No, Inflation and No Inflation
- Not since... 2018 or 1978?
Reminder - the CTP Contestants for 2024 CTP Cup
Michael Bowling
Kirk Saathoff
Eric Harvey
Chad Laajala
Tim Dewey
Paul Kinder
Anson Brady (2023 CTP Cup Winner)
---Emails have gone out...
Fed Meeting Dec 18th
- 89% probability of a 0.25% rate cut
- Fed has its back to the wall - markets are dictating
- No reason to believe that they need a cut, although the would not want to worry markets or surprise them in any way
- All reporting shows that they will do the cut, back off a little as to the amount of potential cuts coming in recognition of the fact that the economy is still running well
DJIA - Records?
- The DJIA has been down for 8 days in a row and that has not happened since 2018.
- If the DJIA declines today, that would take us back to the 1970's, 1978 to be exact when there was a 9 day decline.
- But, that is the DJIA, the NASDAQ an SP500 have been holding up.
- Moreover, the fall for the DJIA this month is less that 3%, so not much damage done to the index itself.
Another Sinkhole Warning
- SP500 equal weighted is down more than 3% for the MTD.
- SP500 up slightly MTD
- NASDAQ 100 up moer than 5%
- Small-caps down 3%
BUT - Wait....
- A measure of wholesale price rose more than expected in November, adding fuel to the belief that progress in bringing down inflation has slowed, the Bureau of Labor Statistics reported Thursday.
- On an annual basis, PPI rose 3%, the biggest advance since February 2023.
- This is after an inline CPI number.
- Rates are on the rise for bonds, as expected
--- Mark this date - inflation could make a comeback in 2025 and totally offside the fed (And they are fanning the flames )
AND Consumers are Spending
- November Retail Sales 0.7% vs. 0.5% consensus; prior revised to 0.5% from 0.4%
But - ISM Composite - Rolling Over
ISM Composite
CHIPS
- Shares of Broadcom popped more than 21% Friday morning, pushing the company’s market cap beyond $1 trillion for the first time. It will be Broadcom’s best trading day on record if the move holds until the closing bell.
The move comes after the company reported fourth-quarter results that beat Wall Street’s expectations for earnings and showed strong artificial intelligence revenue growth.
- Broadcom reported $14.05 billion in revenue for the fourth quarter, up 51% year over year but shy of the $14.09 billion expected by analysts according to LSEG. In Broadcom’s semiconductor solutions group, which includes its AI chips, revenue increased 12% to $8.23 billion from $8.03 billion a year ago.
More Chips
- US planning on restricting AI Chips around the world
- Planning on closing China's backdoor access
-Washington plans rules limiting semiconductor shipments to some countries accused of supplying Beijing
- NVDA, MSFT, GOOG, GOOGL, AMD, INTC, SMH
Nuclear - getting some traction
- SMRs - Small Nuclear Reactors
- Small modular reactors,
Fed is about to meet and make a rate decision
Time's Person of the Year!
Whistleblower found dead
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
DONATIONS ? Thank you for all who gave to the Thanksgiving Holiday Campaign...
Warm-Up
- Kissing Ass is good for the wallet
- Fed is about to meet and make a rate decision
- Person of the Year!
- Whistleblower found dead
- Markets
- Odd - DJIA down for 7 days, NASDAQ can't be stopped (TSLA pushing this time - once again a reason to look at market cap weightings)
- Fanning the flames - A new name into NASDAQ 100
- Earnings - A few interesting data points
- Social Security benefits increase
- Yes and No, Inflation and No Inflation
- Not since... 2018 or 1978?
Reminder - the CTP Contestants for 2024 CTP Cup
Michael Bowling
Kirk Saathoff
Eric Harvey
Chad Laajala
Tim Dewey
Paul Kinder
Anson Brady (2023 CTP Cup Winner)
---Emails have gone out...
Fed Meeting Dec 18th
- 89% probability of a 0.25% rate cut
- Fed has its back to the wall - markets are dictating
- No reason to believe that they need a cut, although the would not want to worry markets or surprise them in any way
- All reporting shows that they will do the cut, back off a little as to the amount of potential cuts coming in recognition of the fact that the economy is still running well
DJIA - Records?
- The DJIA has been down for 8 days in a row and that has not happened since 2018.
- If the DJIA declines today, that would take us back to the 1970's, 1978 to be exact when there was a 9 day decline.
- But, that is the DJIA, the NASDAQ an SP500 have been holding up.
- Moreover, the fall for the DJIA this month is less that 3%, so not much damage done to the index itself.
Another Sinkhole Warning
- SP500 equal weighted is down more than 3% for the MTD.
- SP500 up slightly MTD
- NASDAQ 100 up moer than 5%
- Small-caps down 3%
BUT - Wait....
- A measure of wholesale price rose more than expected in November, adding fuel to the belief that progress in bringing down inflation has slowed, the Bureau of Labor Statistics reported Thursday.
- On an annual basis, PPI rose 3%, the biggest advance since February 2023.
- This is after an inline CPI number.
- Rates are on the rise for bonds, as expected
--- Mark this date - inflation could make a comeback in 2025 and totally offside the fed (And they are fanning the flames )
AND Consumers are Spending
- November Retail Sales 0.7% vs. 0.5% consensus; prior revised to 0.5% from 0.4%
But - ISM Composite - Rolling Over
ISM Composite
CHIPS
- Shares of Broadcom popped more than 21% Friday morning, pushing the company’s market cap beyond $1 trillion for the first time. It will be Broadcom’s best trading day on record if the move holds until the closing bell.
The move comes after the company reported fourth-quarter results that beat Wall Street’s expectations for earnings and showed strong artificial intelligence revenue growth.
- Broadcom reported $14.05 billion in revenue for the fourth quarter, up 51% year over year but shy of the $14.09 billion expected by analysts according to LSEG. In Broadcom’s semiconductor solutions group, which includes its AI chips, revenue increased 12% to $8.23 billion from $8.03 billion a year ago.
More Chips
- US planning on restricting AI Chips around the world
- Planning on closing China's backdoor access
-Washington plans rules limiting semiconductor shipments to some countries accused of supplying Beijing
- NVDA, MSFT, GOOG, GOOGL, AMD, INTC, SMH
Nuclear - getting some traction
- SMRs - Small Nuclear Reactors
- Small modular reactors,
Activity