Friday, January 04, 2019

Tag Team Rally!

  • Tag team Friday! The combination of a strong jobs number with statements from the Federal Reserve Chairman Powell sent the market up!
  • Dow and SP500 up over 3%, and the NASDAQ surging over 4%.
  • Jobs data was fantastic, beating the analysts’ expectations.  Wage growth numbers are good, too.  Labor participation is increasing.  Consumer spending is at least 2/3rds of the economy.
  • Remember when some thought manufacturing jobs would never come back?  *Casts quick glances at Obama and Krugman*
  • One amazing job stat is the one comparing growth in government jobs vs. growth in manufacturing jobs.  The latter surging under Trump, while government jobs surged under Obama.
  • Netflix up just over 9.7% when Bandersnatch-viewing analysts at Goldman Sachs were asked “Add $NFLX to conviction list?” chose “Fuck yeah!”
  • How are you surviving the partial government shutdown? Seems like the biggest impact is that national parks’ trash cans and bathrooms are overflowing.
  • At least the government is meeting and discussing how to resolve the budget and border security. Seems like Trump has the upper hand, though.
  • Disney planning on opening Star Wars in June at Disneyland, Anaheim.  Maybe June 21-23?  CROWDS!
  • I think the biggest Apple issue going forward is deflation on the price of “good enough” smart phones.  Why spend $1000 when you can get what you need for much less?  Or just replace the aging battery on your older iPhone, and keep on going. Is there a reason to upgrade as long as your current phone functions?
  • 5G will be the next upgrade catalyst…
  • Kudos to Netflix for Bird Box. People are going to the house in Monrovia to pose in photos! - LA Times 
  • I’m currently binging “I’m Sorry” on Netflix. Pretty funny in an adult kind of way.  Might be too much after a few episodes.  But... After Bird Box and Black Mirror Bandersnatch, I was ready for some laughs.  Might have to binge season 2 of “Friends from College” next.  Despite the critics, I liked season 1!

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