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Not the first money either. Half a bil last summer into Nubank.
$1 bil in Nubank, digital bank based in Brazil.
That's a good thing. Congrats, played it well. Kudos.
Here's hope that our society straightens up soon, and focus on real problems at hand. I'm afraid though, that we will go further into the gutter before we can have any chance of recovery, a recovery that's going to be somewhat very challenging.
How's your NVDA puts doing, should be doing pretty good. Probably better than all my work yesterday did, although I'm not complaining, I'm ok with my profits taken.
There's plenty of satellite feeds, it's pretty massive. I'm positive that there is plenty that's in secret also.
www.militarytimes.com
www.google.com/search?q=satellite+feeds+of+russian+troops
Call it war mongering, gun boat diplomacy (Russians this time, US has been doing it for how many decades, how many wars). No matter what you call it or what local team your on, this shit can get out of hand and be a detriment and cost to us all. It already has been and the cost is accruing even if actual war never happens. It's still a power play no matter if it's with world leaders war mongering or local leaders with civil war mongering. It's all just a struggle for control of power (and money) for the few at top at the cost of everyone else.
I have a grandson in the Marines (getting ready for some major shit, information on lockdown), sisters both retired recently, one a teacher with tenure, one an RN that was in charge of division in major medical group (working in a literal war zone, seen dozens of her piers and health workers just in her sub group die a miserable death around her, not to mention the thousands of patients deaths that were recorded in the past couple of yrs under her watch), a offspring that's a higher up for major financial institution, a wife that has worked for another major financial institution for over 25yrs, a brother law that's been a trucker for most of his life (not part of the shit show mongering group and just trying to make a living that's being made harder by all of this bs.) I've had thousands of tenants over the years, regular people from all sides, larger part of the masses income levels, some just living month to month struggling to get their piece of pie out of it all, a finite pie that has already been 90% eaten by a few. So my views are pretty realistically given.
The enemies are not each other, but the ones who create and fester the wars using snowflake differences for their own gain (divide and conquer) instead of solutions for the whole.
Anyway, already made two decent trades, on my third on the U. Might see an active day.
These things never end well. Most everybody loses, and lose for a long time. Except for the ones at the top who support, use, and instigate these people for their own power purposes (at the cost of everyone else's expense). So many resources and energy are just getting wasted for political and power control, when they are so needed for a more positive direction. I think as a whole we're probably the most self destructive species of life on this planet, maybe universe.
Canadian truck drivers distance themselves from ‘Freedom Convoy’ protests
https://www.washingtonpost.com/world/2022/02/16/canada-trucker-distancing-protests/
By Claire Parker
Today at 7:51 a.m. EST
In just a matter of weeks, Canadian truck drivers protesting coronavirus vaccine mandates became the unexpected darlings of the global right wing.
Republican politicians showered the truckers, who descended on the Canadian capital, with praise. Copycat convoys gathered from New Zealand to France.
The protests against U.S. and Canadian regulations barring unvaccinated truck drivers from crossing the border began Jan. 28 — and soon attracted a range of anti-government activists, far-right figures and opponents of pandemic restrictions more broadly
But even as the vocal group of truckers, known as the “Freedom Convoy,” grabbed the world’s attention, many of Canada’s truck drivers were scrambling to distance themselves from the movement, which they view as radical and fringe.
In their view, the protesters’ actions — including shutting down cross-border trade and laying siege to the capital — have hurt rather than helped drivers in the industry, and failed to advance the labor issues most truckers care about. They point out that only a small percentage of Canadian truckers have joined the demonstrations, and the vast majority of drivers are already vaccinated, according to trucking associations and Canadian authorities.
“There is a vocal minority, which is trying to steal the headlines, but a silent majority has actually been working day and night,” said Manan Gupta, publisher of Road Today, a Canadian magazine for South Asian truckers. About a third of Canada’s roughly 180,000 tractor-trailer drivers are immigrants, according to the most recent survey, in 2016.
The protests have caused long delays at the border and forced drivers to take lengthy detours. Such disruptions are “not received well” by truckers who are not participating in the convoy, Gupta said, adding that “they are the ones keeping our supply chain intact and running.”
What is the Emergencies Act, which Canada invoked in response to Canada’s trucker protests?
“These illegal blockades have had a detrimental impact on our members and customers’ businesses. These have also had a very significant negative impact upon our professional driving community,” the president of the Canadian Trucking Alliance, Stephen Laskowski, said in a statement Monday.
The roadblocks hampered trade with the United States and forced American auto companies to scale back production, prompting the White House to call last week for the swift reopening of transportation routes.
Canadian police cleared the blockade of the Ambassador Bridge, a vital border crossing linking Detroit to Windsor, Ontario, on Sunday night. And on Monday, Canadian Prime Minister Justin Trudeau invoked the country’s Emergencies Act, which grants the government sweeping powers to respond to national emergencies. The Canadian Trucking Alliance came out in support of the move.
Some of the convoy’s most visible leaders aren’t even truckers. And at the demonstrations, Confederate flags and pro-Trump signs have mingled alongside the Canadian maple leaf emblem. Money has also poured in from donors in the United States.
James Bauder is one prominent figure and leader of the fringe group Canada Unity, which is well known for peddling conspiracy theories. Action4Canada, which sent vehicles and members to join the convoy, also promotes on its website the unfounded claim that Bill Gates wants to use the vaccine to implant microchips in humans.
“They are using our name in the wrong place and the wrong time,” said Ajay Singh Toor, spokesman for Canada’s West Coast Trucking Association. “It’s not a trucker convoy anymore.”
As a result, the convoy’s demands run the gamut from the removal of all public health measures to Trudeau’s ouster. Teamsters Canada, a union that represents 15,000 long-haul truck drivers, called the convoy a “despicable display of hate lead by the political Right and shamefully encouraged by elected conservative politicians.”
The movement “does not reflect the values of Teamsters Canada, nor the vast majority of our members, and in fact has served to delegitimize the real concerns of most truck drivers today,” the union said in a statement last week.
Issues such as wage theft, bad roads and a lack of restrooms are far more pressing issues for most truckers than vaccine mandates, trucking associations say. But convoy protesters haven’t raised them.
Manbir Bharj drives a crane truck in Ontario and says that the vaccine mandates imposed by the U.S. and Canadian governments on truckers were “fair” because they helped mitigate the spread of the virus.
“This is why the virus is spreading and mutating into different variants — because people don’t know how to follow” rules, Bharj said.
Some worry that the damage to the industry may be hard to reverse. The convoy threatens to exacerbate a labor shortage that already plagued Canadian trucking before the coronavirus hit, Gupta said. About 23,000 truck driver jobs need to be filled, according to a January report by Trucking HR Canada.
“These protests, these blockages, they’re not creating a positive workplace for anybody who wants to embrace trucking,” Gupta said.
Matthew Marchand is a tanker-trailer driver from Ottawa who transports liquid bulk chemicals between Canada and the United States. He is vaccinated but wasn’t fully supportive of the mandate, which he said didn’t really give truckers a “true choice.”
“But how [the protesters] are going about it, to me, is not acceptable,” he said. “The negative reputation that they’ve created for us isn’t going to do us any favors with the public’s perception of our industry. We already have a hard enough time as it is.”
Driver Ted McNeill told CityNews Toronto last week that he had to take a five-hour detour to deliver a truckload of food into Canada.
He had a similar message for the protesting truckers: “Stop it. You’re making us look bad.”
Miriam Berger and Amanda Coletta in Ottawa contributed to this report.
He had a similar message for the protesting truckers: “Stop it. You’re making us look bad.”
Miriam Berger and Amanda Coletta
went out at 268 limit, prob go to 300 now, going kind of wild ah. Doubled down on the reenters so came out pretty good.
went back in NVDA, less a buck, looks like good earnings coming.
Earnings preview: Strong data-center results from Intel, AMD suggest we are about to see some good numbers from Nvidia, analyst says
Nvidia Corp.'s acquisition of Arm Ltd. has been scuttled, but that isn't expected to stop the chip maker's charge into the data center.
Nvidia (NVDA) is scheduled to report fourth-quarter results after the closing bell on Wednesday, giving executives their first chance to directly address Wall Street since its $40 billion deal with SoftBank Group Corp. officially fell apart on Feb. 8 The deal was meant to help Nvidia push farther into the data center, including developing its own central processing units, or CPUs, a field that is currently owned by Intel Corp. (INTC) and Advanced Micro Devices Inc. (AMD)
Nvidia, AMD and Intel are battling to supply hyperscale data centers, massive buildings full of servers that serve as the backbone for the cloud and the internet. Nvidia has built a big business supplying "hyperscalers" with its signature graphics processing units, or GPUs, and analysts believe that the end of the Arm deal will not preclude the company from moving into CPUs with its "Grace" chip.
Read: Wall Street's reaction to death of Nvidia-Arm deal: No duh
Without the Arm deal to point to, Nvidia's data-center growth will be even more important to Wall Street in the report. Analysts surveyed by FactSet expect Nvidia's data-center sales to come in at $3.18 billion , a 67% gain from the year-ago quarter, which would be in between the growth rates and total dollars Intel and AMD put up in their recent reports.
Intel's data-center revenue for the fourth quarter grew 20% to $7.3 billion , while sales from AMD's enterprise, embedded and semi-custom chips unit -- which includes data-center and gaming-console revenue -- surged 75% to $2.24 billion from a year ago, with data-center sales accounting for about 25% of revenue for the quarter, or about $1.2 billion .
For more: Look back at earnings results from Intel as well as AMD
Susquehanna Financial analyst Christopher Rolland said he sees Intel's and AMD's data center results as a good sign for Nvidia, which will be "driven by continued GPU demand and a robust [data center] environment." He also doesn't expect Nvidia to suffer too much from the supply-chain difficulties that have hampered semiconductor production during the pandemic.
"Intel in particular noted strength in enterprise and government, the same markets where Nvidia has recently seen growing A100 traction," Rolland said, while predicting a beat-and-raise quarter from Nvidia. "Of note, AMD also doubled Epyc revenue YoY, signaling a robust hyperscale DC environment."
"As for supply, we continue to note Nvidia's dual-manufacturing strategy (TSMC and Samsung) serves as a distinct advantage in a time of industrywide supply constraints," Rolland, who has a positive rating and a $360 price target, said. "Interestingly, 2022 could be the year that datacenter top-line surpasses gaming's, though tight and we give the edge to gaming."
What to expect
Earnings: Of 34 analysts surveyed by FactSet, Nvidia on average is expected to post adjusted earnings of $1.23 a share, up from 78 cents a share reported a year ago and $1.09 a share expected at the beginning of the quarter. All figures are adjusted for last year's 4-for-1 stock split.
Revenue: Wall Street expects revenue of $7.42 billion from Nvidia, according to 34 analysts polled by FactSet. That's up from the $5 billion Nvidia reported in the year-ago quarter and $6.84 billion forecast at the beginning of the quarter. In its last earnings report, Nvidia forecast $7.25 billion to $7.55 billion On top of data-center sales, analysts also expect gaming sales of $3.36 billion .
Stock movement: Over Nvidia's fourth, or January-ending, quarter, shares declined 4%, while the PHLX Semiconductor Index fell 4.3% over that period. Meanwhile, the S&P 500 index shed 3.8%, while the Nasdaq Composite Index dropped 11.1%. On Nov. 29 , Nvidia's stock closed at an all-time high of $333.76 , and has since dropped more than 20% while still bumping past Facebook parent Meta Platforms Inc. (FB) for the seventh largest publicly traded U.S. company by market cap.
Nvidia has topped analyst estimates for earnings consistently over the past five years and has beaten Street revenue estimates for 11 consecutive quarters. While shares gained 8.2% the day after last quarter's report, the stock's movement has been mixed amid those beats.
What analysts are saying
Cowen analyst Matthew Ramsay , who has an outperform rating and a $350 price target, expects "multi-quarter momentum to sustain."
Ramsay said Nvidia is "well positioned to capitalize on multiple open-ended secular growth trends given its technological leadership across accelerated computing hardware (GPU, DPU, and now CPU), mature programming environment, and vertical-specific software."
In fact, Ramsay boosted his fiscal 2023 and fiscal 2024 estimates for Nvidia "almost exclusively in datacenter," expecting "a continuation of recent fundamentals to drive another beat/raise from Nvidia with demand still exceeding supply."
Read:Chips may be sold out for 2022 thanks to shortage, but investors are worried about the end of the party
B. of A. Securities analyst Vivek Arya , who counts Nvidia as a top pick in chips, said the chip maker is the "No. 1 GPU vendor benefiting from slowing of Moore's Law creating need for accelerators and their unique software/developer ecosystem."
"Nvidia's unique combination of highly leverageable graphics silicon, software, scale, and systems expertise position it at the forefront of some the largest and fastest growth markets in tech including cloud computing/AI, gaming, edge processing, metaverse, and autonomous & electric vehicles," Arya said.
Stacy Rasgon , who has an outperform rating and a $360 price target, said that the collapse of the Arm deal gives Nvidia a lot of dry powder to play with going forward.
"Without a deal, Nvidia has $19B+ in cash and is likely generating $10B+ annually going forward, leaving room for further actions such as buybacks, or further (hopefully less controversial?) M&A," Rasgon said. "The $1.25B breakup is paid. And the stock remains well above where it was at announcement ( $120 split adjusted). So they seemingly have options from here."
Read:Nvidia seeks to lead gold rush into the metaverse with new AI tools
Citi analyst Atif Malik sees upside for Nvidia and expects data-center sales to beat and gaming revenue to meet the consensus.
"We expect data center trends to remain solid in 2022 as AI/ML adoption remains in early innings at 10-15% of IT cloud spend, training models complexity continues to grow exponentially with GPT-3, and new data center (Hopper) 5nm products launch," Malik wrote, while maintaining a buy rating and $350 target price. "While some investors worry about a crypto- driven gaming pullback as Ethereum is supposed to go to proof of stake in 2022, we see low cannibalization risk.
Production issues could still limit Nvidia as it has other chip makers, warned Rosenblatt Securities Hans Mosesmann .
"We believe constraints in supply, broadly speaking, will be a factor that limits near-term upside," wrote Mosesmann, who has a buy rating and $400 price target. "Key points to look for during the earnings call include comments on the supply chain and the Omniverse, as well as the implications of the Arm breakup."
Of the 43 analysts who cover Nvidia, 34 have buy ratings, seven have hold ratings, and two have sell ratings, with an average price target of $345.87 , which is about 26% above the stock's current price, according to FactSet.
MarketWatch staff writer Jeremy C. Owens contributed to this article.
- Wallace Witkowski
(END) Dow Jones Newswires
02-16-22 1317ET
Copyright (c) 2022 Dow Jones & Company, Inc.
Exit NVDA 263.5. May get back in, see how it goes. Went in U 14.15, maybe a scalp, might be scalped, never know. LOL
In again NVDA 257 and change. Took another scalp of U.
out of NVDA at 262.5 for about 1.25% to the good. We'll see what happens if enter again.
Got stopped out of NVDA. Came back in 256 for bounce, maybe come out even. lol Two scalps in U so far.
Yea, I saw that Roblox action, that was too bad. I was thinking on getting some, but just didn't. Was busy with other stuff, and didn't want to take the time to divulge into it, no other reason.
Sometimes it just the landing on red, when you bet on black. What can you say. I only put a small bet on NVDA at this point, we'll see how the sentiment goes today for any more (or less as the case may be). Market looks pretty flat today, everybody recovering from all that exuberance and robo trading yesterday I guess. lol
What do you think we'll see there. NVDA has been beating the est regularly and has seen at least some pos action around earnings, sometimes quite a bit. Just went in for few just for the heck of it. It's been beat down from the high, but lot's of things have, so who knows.
I see it. Sometimes I feel that we're getting run into a gauntlet, manipulation to take a big cut as the numbers get distributed from one pocket to the other pocket.
I feel there's a lot of bear traps forming around this morning. Lot of gap ups, to many, I'll be using a lot of caution, myself. Manipulation at it's finest. Why I don't hold the U overnight (or many things lately), no matter how good it looks (which it didn't yesterday for the U anyway). Just too chaotic right now.
Problem I'm having is figuring out good long term holds, value that will even match the inflation rates. Maybe I'll just go back to hard money lending again, but will have to wait till the RE crashes a bit, might be next yr, but I can't see the cost that people are paying for being in a home not overcoming the income for massif number of the population. Credit criteria is going to tighten like a noose. An issue now that's being somewhat ignored.
One view on Drip
DRIP
Very red day for Direxion Dly S&P Oil&Gs Ex&Prd Br 3X ETF price after -7.27% fall in Friday trading session
(Updated on Feb 11, 2022)
Sell candidate since 2022-01-24 Loss -21.19% PDF
The Direxion Dly S&P Oil&Gs Ex&Prd Br 3X ETF price fell by -7.27% on the last day (Friday, 11th Feb 2022) from $3.85 to $3.57. and has now fallen 4 days in a row. During the day the ETF fluctuated 8.17% from a day low at $3.55 to a day high of $3.84. The price has fallen in 7 of the last 10 days and is down by -15% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -1 million shares and in total, 18 million shares were bought and sold for approximately $65.24 million.
The ETF lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.39 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -24.56% during the next 3 months and, with a 90% probability hold a price between $2.56 and $3.85 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The Direxion Dly S&P Oil&Gs Ex&Prd Br 3X ETF holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.82 and $4.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, January 21, 2022, and so far it has fallen -24.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $0.29 between high and low, or 8.17%. For the last week, the ETF has had a daily average volatility of 7.32%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Direxion Dly S&P Oil&Gs Ex&Prd Br 3X ETF ETF A Buy?
Direxion Dly S&P Oil&Gs Ex&Prd Br 3X holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.347
Predicted Opening Price for Direxion Dly S&P Oil&Gs Ex&Prd Br 3X ETF of Monday, February 14, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
Fair opening price February 14, 2022 Current price
$3.65 $3.57 (Undervalued)
Remember To Visit Our YouTube Channel
Volatility
7.32 %
Daily Average Volatility
Overall Risk
Very High
High
Medium
Low
Very Low
Support & Resistance
Resistance: $3.82
Price: $3.57
No Support Found
Today DRIP ranks #18578 as sell CANDIDATE
Trading levels for DRIP
Fibonacci Support & Resistance Levels
Level Price Change
Resistance 3.94 10.46 %
3.83 7.35 %
3.76 5.44 %
Current price: 3.57
Support 3.54 -0.77 %
3.47 -2.69 %
3.36 -5.79 %
Accumulated Volume Support & Resistance Levels
Level Price Chg %
Resistance 4.04 13.17 %
3.85 7.84 %
3.82 7.00 %
Current price 3.57
Support 0 .
0 .
0 .
Closed Board Meeting on February 14, 2022
Government in the Sunshine Meeting Notice
Notice of a Meeting under Expedited Procedures
On Monday, February 14, 2022 at 11:30 a.m., a meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures, as set forth in section 261b.7 of the Board's Rules Regarding Public Observation of Meetings, via audio/video conference call, to consider the following matters of official Board business.
Meeting Date: Monday, February 14, 2022
Matter(s) Considered:
1.Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.9(A)(i)
Effective February 14, 2022, the meeting was closed to public observation by Order of the Board of Governors1 because the matters fall under exemption(s) 9(A)(i) of the Government in the Sunshine Act (5 U.S.C. Section 552b(c)), and it was determined that the public interest did not require opening the meeting.
For more information please contact: Michelle Smith, Director, Assistant to the Board, Division of Board Members at 202-452-2955.
Supplementary Information:
This meeting notice, which is available in the Board's Freedom of Information and Public Affairs Offices, is also available electronically at www.federalreserve.gov on the Board's Web site. (The Web site also includes procedural and other information about the closed meeting.)
Dated: 02/14/2022
1. Voting for this action: Chair Powell, and Governors Brainard, Bowman and Waller. Return to Text
Government in the Sunshine Meeting Notice
Advanced Notice of a Meeting under Expedited Procedures
It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, February 14, 2022, will be held under expedited procedures, as set forth in section 261b.7 of the Board's Rules Regarding Public Observation of Meetings, via audio/video conference call. The following items of official Board business are tentatively scheduled to be considered at that meeting.
Meeting Date: Monday, February 14, 2022
Matter(s) to be Considered:
1.Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.
A final announcement of matters considered under expedited procedures will be available in the Board's Freedom of Information and Public Affairs Offices and on the Board's Web site following the closed meeting.
For more information please contact: Michelle Smith, Director, Assistant to the Board, Division of Board Members at 202-452-2955.
Supplementary Information:
You may contact the Board's Web site at http://www.federalreserve.gov for an electronic announcement about applications and other expedited items, as well as procedural and other information about the meeting.
Dated: 02/10/2022
Last Update: February 14, 2022
Morning folks. Looks like it might be another rowdy day, going to have to be nimble. Pick your poisons.
That's great. Remember this one.
Pretty much you've been valid in your arguments with FCEL, but you're off on your example given.
% profits (or losses) are based on amount of investment (amount of cash out)
You have to compare the same amount of investment in $ not amount of shares.
100 shares of a $20 stock is $2000
The same $2000 gets 2000 shares of $1 stock.
A 25% change in the same money invested is more than %10 no matter how many shares you get for that $2000. The risks are likely much greater with the $1 vs $20 stock, but it is still calculated on amount invested in $.
Of course amount of $ change when you invest more or less money. Example: you won't get the same $ return if you put $200 in a savings vs $2000 in the same act, but it will be the same % return.
Now you can talk about the volatility, fundamentals, risks, value vs growth vs speculative, etc between different price ranges of different stocks, but basic numbers and calculations for returns or losses don't change.
About 90% hit and lot of chart setups abundant for more of the same Mon, Tues. Might have a bit of bouncing, but might just continue trend down.
Over 150mil sell-side imbalance which means either way a lot of money flowing around to create more volatility.
Heat map of the major Indices.
The Russel (right bottom corner) clump of greenish in the left corner of the Russel is the Energy sector.
Well that was a real nice round. Wonder if we can get more like that today?
SPY 400 next week?
Just a FYI for anyone who is having issues with no T&S feeding in ToS platform (Ameritrade) for UVXY that still continues this morning. I brought it to the attention of TDA, and they confirmed that the issue was on their side also and not my pc or on my side, and they are working on the issue. Not sure if other platforms are having the same prob, but that's where it's at on ThinkOrSwim (T&S still not feeding as of now just for the U).
2/11/22 6:08:00 MW Oil is the hottest sector, and Wall Street analysts see upside of up to 48% for favored stocks.
Analysts favor Canadian oil companies but also some large U.S. players, such as ConocoPhillips, Schlumberger and Valero
Energy is the best-performing stock-market sector this year. Given today's strong economic growth and high inflation, many believe oil prices could remain at current high levels for years or maybe even more higher.
Below are two screens of stocks derived from the holdings of three exchange-traded funds that invest in oil and natural gas companies.
An oil price review
First, here's a chart showing the price movement of forward-month delivery contracts for West Texas Intermediate Crude Oil over the past 10 years:
That steep but brief plunge on the chart is April 2020 , when demand for oil tanked during the early days of the COVID- 19 pandemic, storage sites were full and those holding front-month futures contracts essentially had to pay people to take the oil off their hands.
Oil price expectations from here
So what lies ahead for oil prices?
In a report provided to clients on Feb. 10 , analysts at BCA Research said they believe prices will rise over the next decade in the face of increasing demand and declining supplies. Those threats to supplies include government action that curbs fossil-fuel production as well as "climate activism at the board level at major energy suppliers and in the courtroom."
In other words, the best intentions to reduce carbon emissions can push oil pries higher because alternate energy sources take a long time to be available in sufficient quantity to curb demand for fossil fuels.
The BCA analysts favor long-term exposure to oil through ETFs.
Three energy ETFs
If you agree with the above scenario you might want to consider a broad investment in the sector through one or more ETFs. Here's a quick look at three of them:
You might wonder why a foreign single-country ETF is included in the list, but Canada stands out with its expansion of fossil-fuel production. The iShares S&P/TSX Capped Energy Index ETF has outperformed the other two ETFs in recent years, while underperforming longer term.
Here's a comparison of total returns, with dividends reinvested, for the three ETFs and the SPDR S&P 500 ETF Trust (SPY) through Feb. 9 :
S&P 500 sector 2022 1 year 3 years 5 years 10 years 15 years 20 years Energy Select Sector SPDR Fund 24.1% 64% 31% 20% 33% 81% 355% iShares Global Energy ETF 21.7% 55% 22% 24% 18% 49% 262% iShares S&P/TSX Capped Energy Index ETF 19.0% 98% 49% 11% -10% -11% 177% SPDR S&P 500 ETF Trust -3.7% 19% 78% 117% 310% 328% 510% Source: FactSet
The iShares S&P/TSX Capped Energy Index ETF has shined over the past one and three years. You can also see how dramatically the oil price decline from mid 2014 through early 2016 hurt the energy sector's long-term performance.
A look ahead for the ETFs
Here are forward price-to-earnings ratios for the three energy ETFs and SPY, along with expected compound annual growth rates (CAGR) for revenue and earnings per share through 2023, based on consensus estimates among analysts polled by FactSet:
S&P 500 sector Ticker Forward P/E Two-year estimated sales CAGR Two-year estimated EPS CAGR Energy Select Sector SPDR Fund XLE 12.7 3.8% 14.1% iShares Global Energy ETF IXC 10.7 4.3% 9.4% iShares S&P/TSX Capped Energy Index ETF CA:XEG 8.6 4.1% 9.7% SPDR S&P 500 ETF Trust SPY 20.2 6.5% 9.1% Source: FactSet
From the forward P/E ratios, the energy ETFs might be considered cheap relative to SPY, however, they "earned" investors' mistrust during the long decline of stock prices from mid-2014 through early 2016, and, of course, early in the pandemic.
Analysts don't expect to see spectacular revenue growth for the energy portfolios over the next two years. However, they do expect better earnings growth than they do for the broad U.S. market -- especially for XLE.
Two energy stock screens
The three energy ETFs together hold 63 stocks. The two screens below show which ETF or ETFs hold each stock.
First screen: dividend yields
Given what appears to be a healthy environment for oil prices, a broad round of dividend cuts, such as those we saw early in the pandemic, appears unlikely. With that in mind, the first screen of the 63 stocks held by the three ETFs is simply by dividend yield.
Here are the 21 stocks held by the three ETFs with the highest dividend yield (over 4%), along with a summary of analysts' opinions of the stocks. Share prices and consensus price targets are in the currencies of the country where the stocks are listed. Company Ticker Country Dividend yield Share "buy" ratings Closing price -- Feb. 9 Cons. Price target Implied upside potential Held by Petroleo Brasileiro SA ADR Pfd PBR.A Brazil 16.05% 57% 12.26
14.79 21% IXC Petroleo Brasileiro SA ADR PBR Brazil 14.66% 50% 13.42 14.09 5% IXC Enbridge Inc. CA:ENB Canada 6.32% 57% 54.44 55.16 1% IXC Kinder Morgan Inc Class P KMI U.S. 6.22% 21% 17.37 19.15 10% XLE, IXC Peyto Exploration & Development Corp. CA:PAY Canada 6.09% 67% 9.85 13.83 40% XEG Pembina Pipeline Corp. CA:PPL Canada 6.07% 39% 41.49 43.97 6% IXC GALP Energia SGPS SA Class B PT:GALP Portugal 5.99% 52% 10.02 11.72 17% IXC ONEOK, Inc. OKE U.S. 5.88% 29% 63.64 66.00 4% XLE, IXC Williams Cos., Inc. WMB U.S. 5.58% 68% 30.47 32.09 5% XLE, IXC Freehold Royalties Ltd. CA:FRU Canada 5.41% 87% 13.30 16.60 25% XEG TC Energy Corp. TRP Canada 5.28% 35% 65.85 67.32 2% IXC Eni S.p.A. IT:ENI Italy 5.06% 67% 13.25 14.81 12% IXC TotalEnergies SE TTE France 5.04% 71% 52.40 55.55 6% IXC ENEOS Holdings, Inc. JP:5020 Japan 4.79% 78% 459.00 550.67 20% IXC Inpex Corp. JP:1605 Japan 4.71% 78% 1,147.00 1,371.11 20% IXC Suncor Energy Inc. CA:SU Canada 4.59% 64% 36.59 43.50 19% IXC, XEG Exxon Mobil Corp. XOM U.S. 4.46% 35% 79.00 80.75 2% XLE, IXC Valero Energy Corp. VLO U.S. 4.41% 81% 88.84 94.41 6% XLE, IXC Chevron Corp. CVX U.S. 4.12% 74% 137.79 144.41 5% XLE, IXC Phillips 66 PSX U.S. 4.11% 79% 89.45 99.31 11% XLE, IXC OMV AG AT:OMV Austria 4.07% 50% 56.46 62.51 11% IXC Source: FactSet
You can click on the tickers for more about each company.
Then read Tomi Kilgore's detailed guide to the wealth of information available for free on the MarketWatch quote page.
Don't assume dividends are distributed quarterly, as is common for U.S. stocks. Some companies only distribute annually.
Also note that the highest-yielding stocks on the list are American depositary receipts of Petroleo Brasileiro SA (known as "Petrobas") common shares (PETR4.BR) and preferred shares . Unlike traditional preferred stocks issued in the U.S. , this Petrobas preferred issue has no par value. (More information about the Petrobas ADRs is available in this filing from Dec. 21, 2021 with the Securities and Exchange Commission .)
Any stock with a dividend yield above 14% has a built-in warning. If investors expected the dividend to be safe, the share price would be higher and the dividend yield lower. So this is an investment that might best be left to professionals or other sophisticated investors.
Second screen: analysts' picks
Going back to our combined list of 63 stocks, here are the 18 favored by at least 80% of analysts polled by FactSet, sorted by 12-month upside potential as implied by consensus price targets. You can see that analysts favor many of the Canadian oil and gas producers in lockstep: Company Ticker Country Share "buy" ratings Closing price -- Feb. 9 Cons. Price target Implied 12-month upside potential Dividend yield Held by Birchcliff Energy Ltd. CA:BIR Canada 88% 6.63 9.78 48% 0.60% XEG Tourmaline Oil Corp. CA:TOU Canada 100% 45.59 63.40 39% 1.58% XEG Parex Resources Inc. CA:PXT Canada 100% 26.85 36.73 37% 1.94% XEG ARC Resources Ltd. CA:ARX Canada 100% 14.49 19.42 34% 2.76% XEG Whitecap Resources Inc. CA:WCP Canada 93% 9.02 11.69 30% 2.99% XEG Enerplus Corporation ERF Canada 85% 14.77 19.07 29% 1.10% XEG Secure Energy Services Inc. SES Canada 100% 6.12 7.81 28% 0.49% XEG Tamarack Valley Energy Ltd. CA:TVE Canada 85% 4.90 6.25 28% 2.03% XEG Freehold Royalties Ltd. CA:FRU Canada 87% 13.30 16.60 25% 5.41% XEG Cenovus Energy Inc. CVE Canada 100% 19.09 23.29 22% 0.73% IXC, XEG Santos Limited AU:STO Australia 88% 7.50 8.90 19% 1.95% IXC Shell PLC UK:SHEL United Kingdom 80% 20.28 23.87 18% 3.25% IXC Diamondback Energy, Inc. FANG United States 85% 128.88 144.36 12% 1.55% XLE, IXC ConocoPhillips COP United States 86% 92.95 102.25 10% 1.98% XLE, IXC Pioneer Natural Resources Company PXD United States 82% 221.82 241.53 9% 3.08% XLE, IXC Schlumberger NV SLB United States 90% 39.40 42.66 8% 1.27% XLE, IXC Valero Energy Corp. VLO United States 81% 88.84 94.41 6% 4.41% XLE, IXC EOG Resources, Inc. EOG United States 82% 113.31 118.03 4% 2.65% XLE, IXC
Source: FactSet
As always, do your own research and form your own opinions about which investments, whether through ETFs or other funds or a combination of those and/or individual stocks, match your investment objectives.
Don't miss:These 15 stocks rose 100% or more during the pandemic, but they've since been crushed. Is it now time to buy?
Plus:5 reasons to buy the dips when inflation fears trigger panic in the stock market
And:Netflix vs. Facebook: Which is the better stock after those shocking earnings?
- Philip van Doorn
I'm guessing they are going to wait to Mon for emergency hike maybe.
https://www.federalreserve.gov/aboutthefed/boardmeetings/20220214closed.htm
Closed Board Meeting on February 14, 2022
Government in the Sunshine Meeting Notice
Advanced Notice of a Meeting under Expedited Procedures
It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, February 14, 2022, will be held under expedited procedures, as set forth in section 261b.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th Street and C Streets, N.W., Washington, D.C.. The following items of official Board business are tentatively scheduled to be considered at that meeting.
Meeting Date: Monday, February 14, 2022
1.Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.
A final announcement of matters considered under expedited procedures will be available in the Board's Freedom of Information and Public Affairs Offices and on the Board's Web site following the closed meeting.
Fed Refuses To Release 60 Pages Of Correspondence On Pandemic Trades Scandal
Tyler Durden's Photo
BY TYLER DURDEN
WEDNESDAY, FEB 09, 2022 - 10:30 PM
https://www.zerohedge.com/markets/fed-refuses-release-60-pages-correspondence-pandemic-trades-scandal
Having cost the jobs of three top Fed officials, including the Dallas and Boston Fed presidents as well as that of Vice Chair Clarida, one would think that matters relating to (potentially extremely lucrative) insider trading by members of the Federal Reserve should be fully in the public domain. One would be wrong.
In response to a Reuters Freedom of Information Act, the Fed said that there are about 60 pages of correspondence between its ethics officials and policymakers regarding financial transactions conducted during the pandemic year 2020 which have become an extremely sore spot for the Fed, with members of Congress demanding full transparency as to who knew and did what, when. The only problem: nobody is allowed to see them, as the Fed "denied in full” to release the documents, citing exemptions under the information act that it said applied in this case. Exemptions traditionally involve matters of national security, so how exactly alleged insider trading by a bunch of millionaires threatens "US Democracy" is something we would love to understand.
The disclosure of trading by two regional reserve bank presidents during the pandemic led them to resign last fall, and prompted Fed chair Jerome Powell to overhaul Fed ethics rules and request the central bank's inspector general to investigate.
The FOIA responses to Reuters for the first time quantify how much back and forth may have occurred over policymakers’ personal trading in a year when markets first cratered, then rebounded on the basis of both massive federal fiscal stimulus and an aggressive rescue effort by the Fed.
Reuters reports that it had requested release under the information act of any 2020 communication "regarding the propriety of individual financial transactions" exchanged between the Fed's general counsel or ethics staff and members of the Board of Governors, then Dallas Fed president Robert Kaplan, or then Boston Fed president Eric Rosengren.
Fed FOIA officer and deputy board secretary Margaret McCloskey Shanks responded to Reuters that staff had identified "approximately 47 pages of information" involving Fed board members and around 13 pages involving either Kaplan or Rosengren. However release of the documents was denied.
"The responsive documents contain predecisional and deliberative information, as well as information that is subject to attorney-client privilege," she wrote. There was, she said, nothing in the documents that was "reasonably segregable" and not exempt from release under FOIA.
Gunita Singh, a staff attorney at the Reporters Committee for Freedom of the Press, said the FOIA exemption cited by the Fed is meant to "protect agency candor" so U.S. government staff and officials can discuss issues freely as decisions are being made.
The response from Shanks did not detail what current discussions or deliberations warranted withholding the information.
Demands for more disclosure from the Fed about the ethics scandal has been widespread, with public interest groups and elected officials including Elizabeth Warren calling on the central bank to release more details about policymakers' stock trading and the guidance or opinions provided to them by ethics officials.
The inspectors general’s investigation of Fed trading during the pandemic is still underway. The Fed is also still finalizing the procedures and rules for the new ethics regulations adopted because of the controversy.
The Fed has released the substance of one email sent from its ethics office to policymakers at the height of the crisis. In late October, after a New York Times report, the Fed released a March 23, 2020, email from its ethics officer which noted that Fed rules were meant to avoid even the appearance that officials used their access to market moving information for personal profit.
Policymakers were advised to "consider observing a trading blackout and avoid making unnecessary securities transactions for at least the next several months," or until Fed meetings and decisions moved back to normal from the emergency footing of that spring.
The advice was ignored by at least three Fed officials.
The ethics scandal blindsided the Fed last fall after reports in the Wall Street Journal and Bloomberg about Kaplan's active trading in stocks during the pandemic and Rosengren's investment in real estate securities.
That activity was noted in the annual financial disclosure reports that Fed policymakers are required to file. Both officials initially responded that their trades complied with Fed ethics rules, but said they planned to divest nevertheless. They eventually resigned.
Deputy Virginia AG resigns amid scrutiny over Facebook posts praising Jan. 6 rioters
BY CAROLINE VAKIL - 02/10/22 02:07 PM EST
https://thehill.com/homenews/state-watch/593738-deputy-virginia-ag-resigns-amid-scrutiny-over-facebook-posts-praising
A deputy attorney general overseeing election issues in Virginia has resigned amid questions over posts she shared on Facebook praising the rioters who stormed the U.S. Capitol on Jan. 6, 2021, and claiming falsely that former President Trump won the 2020 election.
Monique Miles stepped down from her position serving under the state's new Republican attorney general, Jason Miyares, after The Washington Post contacted her office about the social media posts on Thursday. The Post was the first to report news of her resignation.
“This information was unknown to the Office of the Attorney General prior to this morning,” Victoria LaCivita, a spokesperson for Virginia Attorney General Jason Miyares' (R) office, said in a statement. “Ms. Miles has resigned from her position at the Office of the Attorney General.”
"The Attorney General has been very clear - Joe Biden won the election and he has condemned the January 6th attack," she added.
The Post noted the Facebook posts originally came from one of three personal accounts that Miles has on the social media platform, and the outlet verified the posts' authenticity with four people who have engaged with Miles on Facebook.
In one post on Jann. 6, 2021, Miles wrote: "News flash: Patriots have stormed the Capitol. No surprise The deep state has awoken the sleeping giant. Patriots are not taking this lying down. We are awake, ready and will fight for our rights by any means necessary."
In another post on Nov. 16, 2020, she said Trump was going to get a second term, according to a screenshot of the post provided by the newspaper.
"These left wing violent loonies better realize that DJT is getting a second term," she reportedly said at the time, referring to "Donald J. Trump."
She also claimed in other posts that there was proof voter fraud had taken place in three battleground states, according to the Post.
The newspaper reported Miles' role included working on election-related issues. Her responsibilities included providing the Virginia Department of Elections with legal advice and representing Virginia in lawsuits related to elections.
In an email to the Post, Miles said the posts had been taken out of context and suggested the newspaper was unfairly going after Black conservative women.
“The posts were made at a time when the news was still developing re: the facts around the election, the court cases, the Rally on the Ellipse and what happened at the capitol,” Miles wrote to the newspaper. “That was before all the audits occurred. These posts have been taken out of context.”
McCarthy says Jan. 6 rioters did not engage in 'legitimate discourse'
Cheney: Jan. 6 investigation is about 'fidelity' to the Constitution
She told the Post that she believed Joe Biden is the president since he was certified and wrote that "What we know now about the election today is very different from what we knew on Election Day 2020 or even what we knew on the day that President Biden was inaugurated in January 2021."
The Hill has reached out to Miles for comment.
Updated at 3:03 p.m.
Sold my bank stocks today WFC, BAC, also a bit of energy (they were in the long account so tax not too bad). All up near 52 wk highs, but I just don't feel good about the near future here.
I think the best we can do near term is maybe go in a channel sideways. I just can't see the exuberance in the past to get going again for awhile. There's still so much overvalued in my view, so that's the play I'm making. If I'm wrong, nothing lost, nothing gained, but I'm still there no matter to live another day.
Nice busy day trading though, doing real well there. Too much flippin to list. LOL I think tomorrow going to be another rowdy day. Even being older and more seasoned than days gone by, I still get enjoyable adrenalin rushes with days like today.
By the way, anyone loose their time sales on U? Using ToS platform and it stop feeding and went blank. Still have the L2 and every other stock is working fine, just the T&S on U. Just me and my prog or has anybody else experiencing it?
Table of Historical Inflation Rates in Percent
(1914-2022)
YEAR JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVE
1914 2.0 1.0 1.0 0.0 2.1 1.0 1.0 3.0 2.0 1.0 1.0 1.0 1.0
1915 1.0 1.0 0.0 2.0 2.0 2.0 1.0 -1.0 -1.0 1.0 1.0 2.0 1.0
1916 3.0 4.0 6.1 6.0 5.9 6.9 6.9 7.9 9.9 10.8 11.7 12.6 7.9
1917 12.5 15.4 14.3 18.9 19.6 20.4 18.5 19.3 19.8 19.5 17.4 18.1 17.4
1918 19.7 17.5 16.7 12.7 13.3 13.1 18.0 18.5 18.0 18.5 20.7 20.4 18.0
1919 17.9 14.9 17.1 17.6 16.6 15.0 15.2 14.9 13.4 13.1 13.5 14.5 14.6
1920 17.0 20.4 20.1 21.6 21.9 23.7 19.5 14.7 12.4 9.9 7.0 2.6 15.6
1921 -1.6 -5.6 -7.1 -10.8 -14.1 -15.8 -14.9 -12.8 -12.5 -12.1 -12.1 -10.8 -10.5
1922 -11.1 -8.2 -8.7 -7.7 -5.6 -5.1 -5.1 -6.2 -5.1 -4.6 -3.4 -2.3 -6.1
1923 -0.6 -0.6 0.6 1.2 1.2 1.8 2.4 3.0 3.6 3.6 3.0 2.4 1.8
1924 3.0 2.4 1.8 0.6 0.6 0.0 -0.6 -0.6 -0.6 -0.6 -0.6 0.0 0.0
1925 0.0 0.0 1.2 1.2 1.8 2.9 3.5 4.1 3.5 2.9 4.7 3.5 2.3
1926 3.5 4.1 2.9 4.1 2.9 1.1 -1.1 -1.7 -1.1 -0.6 -1.7 -1.1 1.1
1927 -2.2 -2.8 -2.8 -3.4 -2.2 -0.6 -1.1 -1.1 -1.1 -1.1 -2.3 -2.3 -1.7
1928 -1.1 -1.7 -1.2 -1.2 -1.1 -2.8 -1.2 -0.6 0.0 -1.1 -0.6 -1.2 -1.7
1929 -1.2 0.0 -0.6 -1.2 -1.2 0.0 1.2 1.2 0.0 0.6 0.6 0.6 0.0
1930 0.0 -0.6 -0.6 0.6 -0.6 -1.8 -4.0 -4.6 -4.0 -4.6 -5.2 -6.4 -2.3
1931 -7.0 -7.6 -7.7 -8.8 -9.5 -10.1 -9.0 -8.5 -9.6 -9.7 -10.4 -9.3 -9.0
1932 -10.1 -10.2 -10.3 -10.3 -10.5 -9.9 -9.9 -10.6 -10.7 -10.7 -10.2 -10.3 -9.9
1933 -9.8 -9.9 -10.0 -9.4 -8.0 -6.6 -3.7 -2.2 -1.5 -0.8 0.0 0.8 -5.1
1934 2.3 4.7 5.6 5.6 5.6 5.5 2.3 1.5 3.0 2.3 2.3 1.5 3.1
1935 3.0 3.0 3.0 3.8 3.8 2.2 2.2 2.2 0.7 1.5 2.2 3.0 2.2
1936 1.5 0.7 0.0 -0.7 -0.7 0.7 1.5 2.2 2.2 2.2 1.4 1.4 1.5
1937 2.2 2.2 3.6 4.4 5.1 4.3 4.3 3.6 4.3 4.3 3.6 2.9 3.6
1938 0.7 0.0 -0.7 -0.7 -2.1 -2.1 -2.8 -2.8 -3.4 -4.1 -3.4 -2.8 -2.1
1939 -1.4 -1.4 -1.4 -2.8 -2.1 -2.1 -2.1 -2.1 0.0 0.0 0.0 0.0 -1.4
1940 -0.7 0.7 0.7 1.4 1.4 2.2 1.4 1.4 -0.7 0.0 0.0 0.7 0.7
1941 1.4 0.7 1.4 2.1 2.9 4.3 5.0 6.4 7.9 9.3 10.0 9.9 5.0
1942 11.3 12.1 12.7 12.6 13.2 10.9 11.6 10.7 9.3 9.2 9.1 9.0 10.9
1943 7.6 7.0 7.5 8.1 7.4 7.4 6.1 4.8 5.5 4.2 3.6 3.0 6.1
1944 3.0 3.0 1.2 0.6 0.0 0.6 1.7 2.3 1.7 1.7 1.7 2.3 1.7
1945 2.3 2.3 2.3 1.7 2.3 2.8 2.3 2.3 2.3 2.3 2.3 2.2 2.3
1946 2.2 1.7 2.8 3.4 3.4 3.3 9.4 11.6 12.7 14.9 17.7 18.1 8.3
1947 18.1 18.8 19.7 19.0 18.4 17.6 12.1 11.4 12.7 10.6 8.5 8.8 14.4
1948 10.2 9.3 6.8 8.7 9.1 9.5 9.9 8.9 6.5 6.1 4.8 3.0 8.1
1949 1.3 1.3 1.7 0.4 -0.4 -0.8 -2.9 -2.9 -2.4 -2.9 -1.7 -2.1 -1.2
1950 -2.1 -1.3 -0.8 -1.3 -0.4 -0.4 1.7 2.1 2.1 3.8 3.8 5.9 1.3
1951 8.1 9.4 9.3 9.3 9.3 8.8 7.5 6.6 7.0 6.5 6.9 6.0 7.9
1952 4.3 2.3 1.9 2.3 1.9 2.3 3.1 3.1 2.3 1.9 1.1 0.8 1.9
1953 0.4 0.8 1.1 0.8 1.1 1.1 0.4 0.7 0.7 1.1 0.7 0.7 0.8
1954 1.1 1.5 1.1 0.8 0.7 0.4 0.4 0.0 -0.4 -0.7 -0.4 -0.7 0.7
1955 -0.7 -0.7 -0.7 -0.4 -0.7 -0.7 -0.4 -0.4 0.4 0.4 0.4 0.4 -0.4
1956 0.4 0.4 0.4 0.7 1.1 1.9 2.2 1.9 1.9 2.2 2.2 3.0 1.5
1957 3.0 3.4 3.7 3.7 3.7 3.3 3.3 3.7 3.3 2.9 3.3 2.9 3.3
1958 3.6 3.2 3.6 3.6 3.2 2.8 2.5 2.1 2.1 2.1 2.1 1.8 2.8
1959 1.4 1.0 0.3 0.3 0.3 0.7 0.7 1.0 1.4 1.7 1.4 1.7 0.7
1960 1.0 1.7 1.7 1.7 1.7 1.7 1.4 1.4 1.0 1.4 1.4 1.4 1.7
1961 1.7 1.4 1.4 1.0 1.0 0.7 1.4 1.0 1.4 0.7 0.7 0.7 1.0
1962 0.7 1.0 1.0 1.3 1.3 1.3 1.0 1.3 1.3 1.3 1.3 1.3 1.0
1963 1.3 1.0 1.3 1.0 1.0 1.3 1.3 1.3 1.0 1.3 1.3 1.6 1.3
1964 1.6 1.6 1.3 1.3 1.3 1.3 1.3 1.0 1.3 1.0 1.3 1.0 1.3
1965 1.0 1.0 1.3 1.6 1.6 1.9 1.6 1.9 1.6 1.9 1.6 1.9 1.6
1966 1.9 2.6 2.6 2.9 2.9 2.5 2.8 3.5 3.5 3.8 3.8 3.5 2.9
1967 3.5 2.8 2.8 2.5 2.8 2.8 2.8 2.4 2.8 2.4 2.7 3.0 3.1
1968 3.6 4.0 3.9 3.9 3.9 4.2 4.5 4.5 4.5 4.7 4.7 4.7 4.2
1969 4.4 4.7 5.2 5.5 5.5 5.5 5.4 5.7 5.7 5.7 5.9 6.2 5.5
1970 6.2 6.1 5.8 6.1 6.0 6.0 6.0 5.4 5.7 5.6 5.6 5.6 5.7
1971 5.3 5.0 4.7 4.2 4.4 4.6 4.4 4.6 4.1 3.8 3.3 3.3 4.4
1972 3.3 3.5 3.5 3.5 3.2 2.7 2.9 2.9 3.2 3.4 3.7 3.4 3.2
1973 3.6 3.9 4.6 5.1 5.5 6.0 5.7 7.4 7.4 7.8 8.3 8.7 6.2
1974 9.4 10.0 10.4 10.1 10.7 10.9 11.5 10.9 11.9 12.1 12.2 12.3 11.0
1975 11.8 11.2 10.3 10.2 9.5 9.4 9.7 8.6 7.9 7.4 7.4 6.9 9.1
1976 6.7 6.3 6.1 6.0 6.2 6.0 5.4 5.7 5.5 5.5 4.9 4.9 5.8
1977 5.2 5.9 6.4 7.0 6.7 6.9 6.8 6.6 6.6 6.4 6.7 6.7 6.5
1978 6.8 6.4 6.6 6.5 7.0 7.4 7.7 7.8 8.3 8.9 8.9 9.0 7.6
1979 9.3 9.9 10.1 10.5 10.9 10.9 11.3 11.8 12.2 12.1 12.6 13.3 11.3
1980 13.9 14.2 14.8 14.7 14.4 14.4 13.1 12.9 12.6 12.8 12.6 12.5 13.5
1981 11.8 11.4 10.5 10.0 9.8 9.6 10.8 10.8 11.0 10.1 9.6 8.9 10.3
1982 8.4 7.6 6.8 6.5 6.7 7.1 6.4 5.9 5.0 5.1 4.6 3.8 6.2
1983 3.7 3.5 3.6 3.9 3.5 2.6 2.5 2.6 2.9 2.9 3.3 3.8 3.2
1984 4.2 4.6 4.8 4.6 4.2 4.2 4.2 4.3 4.3 4.3 4.1 3.9 4.3
1985 3.5 3.5 3.7 3.7 3.8 3.8 3.6 3.3 3.1 3.2 3.5 3.8 3.6
1986 3.9 3.1 2.3 1.6 1.5 1.8 1.6 1.6 1.8 1.5 1.3 1.1 1.9
1987 1.5 2.1 3.0 3.8 3.9 3.7 3.9 4.3 4.4 4.5 4.5 4.4 3.6
1988 4.0 3.9 3.9 3.9 3.9 4.0 4.1 4.0 4.2 4.2 4.2 4.4 4.1
1989 4.7 4.8 5.0 5.1 5.4 5.2 5.0 4.7 4.3 4.5 4.7 4.6 4.8
1990 5.2 5.3 5.2 4.7 4.4 4.7 4.8 5.6 6.2 6.3 6.3 6.1 5.4
1991 5.7 5.3 4.9 4.9 5.0 4.7 4.4 3.8 3.4 2.9 3.0 3.1 4.2
1992 2.6 2.8 3.2 3.2 3.0 3.1 3.2 3.1 3.0 3.2 3.0 2.9 3.0
1993 3.3 3.2 3.1 3.2 3.2 3.0 2.8 2.8 2.7 2.8 2.7 2.7 3.0
1994 2.5 2.5 2.5 2.4 2.3 2.5 2.8 2.9 3.0 2.6 2.7 2.7 2.6
1995 2.8 2.9 2.9 3.1 3.2 3.0 2.8 2.6 2.5 2.8 2.6 2.5 2.8
1996 2.7 2.7 2.8 2.9 2.9 2.8 3.0 2.9 3.0 3.0 3.3 3.3 3.0
1997 3.0 3.0 2.8 2.5 2.2 2.3 2.2 2.2 2.2 2.1 1.8 1.7 2.3
1998 1.6 1.4 1.4 1.4 1.7 1.7 1.7 1.6 1.5 1.5 1.5 1.6 1.6
1999 1.7 1.6 1.7 2.3 2.1 2.0 2.1 2.3 2.6 2.6 2.6 2.7 2.2
2000 2.7 3.2 3.8 3.1 3.2 3.7 3.7 3.4 3.5 3.4 3.4 3.4 3.4
2001 3.7 3.5 2.9 3.3 3.6 3.2 2.7 2.7 2.6 2.1 1.9 1.6 2.8
2002 1.1 1.1 1.5 1.6 1.2 1.1 1.5 1.8 1.5 2.0 2.2 2.4 1.6
2003 2.6 3.0 3.0 2.2 2.1 2.1 2.1 2.2 2.3 2.0 1.8 1.9 2.3
2004 1.9 1.7 1.7 2.3 3.1 3.3 3.0 2.7 2.5 3.2 3.5 3.3 2.7
2005 3.0 3.0 3.1 3.5 2.8 2.5 3.2 3.6 4.7 4.3 3.5 3.4 3.4
2006 4.0 3.6 3.4 3.5 4.2 4.3 4.1 3.8 2.1 1.3 2.0 2.5 3.2
2007 2.1 2.4 2.8 2.6 2.7 2.7 2.4 2.0 2.8 3.5 4.3 4.1 2.8
2008 4.3 4.0 4.0 3.9 4.2 5.0 5.6 5.4 4.9 3.7 1.1 0.1 3.8
2009 0.0 0.2 -0.4 -0.7 -1.3 -1.4 -2.1 -1.5 -1.3 -0.2 1.8 2.7 -0.4
2010 2.6 2.1 2.3 2.2 2.0 1.1 1.2 1.1 1.1 1.2 1.1 1.5 1.6
2011 1.6 2.1 2.7 3.2 3.6 3.6 3.6 3.8 3.9 3.5 3.4 3.0 3.2
2012 2.9 2.9 2.7 2.3 1.7 1.7 1.4 1.7 2.0 2.2 1.8 1.7 2.1
2013 1.6 2.0 1.5 1.1 1.4 1.8 2.0 1.5 1.2 1.0 1.2 1.5 1.5
2014 1.6 1.1 1.5 2.0 2.1 2.1 2.0 1.7 1.7 1.7 1.3 0.8 1.6
2015 -0.1 0.0 -0.1 -0.2 0.0 0.1 0.2 0.2 0.0 0.2 0.5 0.7 0.1
2016 1.4 1.0 0.9 1.1 1.0 1.0 0.8 1.1 1.5 1.6 1.7 2.1 1.3
2017 2.5 2.7 2.4 2.2 1.9 1.6 1.7 1.9 2.2 2.0 2.2 2.1 2.1
2018 2.1 2.2 2.4 2.5 2.8 2.9 2.9 2.7 2.3 2.5 2.2 1.9 2.4
2019 1.6 1.5 1.9 2.0 1.8 1.6 1.8 1.7 1.7 1.8 2.1 2.3 1.8
2020 2.5 2.3 1.5 0.3 0.1 0.6 1.0 1.3 1.4 1.2 1.2 1.4 1.2
2021 1.4 1.7 2.6 4.2 5.0 5.4 5.4 5.3 5.4 6.2 6.8 7.0 4.7
2022 Available Feb. 10
Legal crime, unenforceable and rights given to people of power to commit harm and mayhem for their own gain, no matter what degree of criminal nature it is.
Jeremy Grantham a legendary professional asset manager is agreeing. Timing is the issue of course, many have been saying the same thing for over a yr now, but the fed façade seems to keep going somehow, but the more extreme things get, the harder a reversal can be. Is it not if but when? Who knows.
If one gets the time, this interview is well worth watching and covers many of the issues that you folks here talk about. According to Grantham, we're now in a super bubble and projects a crash compared to 29 crash. Buffet also has talked about a disastrous fan hitting recently. Will it be next month, next yr, or not at all? My crystal ball has totally gone in the crapper, so beats me.
But I believe that the Fed can't completely contain the mayhem of inflation, the money printing, the political cluster f#*!, etc with their old ways and can only minimally contain the crud that's been created over the years and decades, not to mention the virus, corporate welfare, and the world shipping system. Can only fake through so much until the house of cards fold, or at least a lot of pain to a lot of people.
Again, well worth the watch, this guy is pretty smart cookie. But even the smartest guys can be wrong.
Calling a Super Bubble: Front Row With Jeremy Grantham1/26/2022byBloomberg Markets and Finance
Maybe eventually, but not for awhile, maybe decades. Again, concentrations and the processing still has it's limits and of course, expense. GM is one that is going after lithium at the Salton Sea, and others are exploring that resource. Buffet has been involved there for years (discontinued at times, now getting revived a bit). Saudi Arabia is probably ahead of the game on desalination methods and discovering more efficient means to extract lithium out of the oceans, but I don't really care for their control over "black gold", let alone being ahead in "white gold". The US is a baby in that respect and we better hurry up and grow up in this industry. We've been placid way to long and not putting our efforts and money in our own tech and development, instead relying on basically our adversaries for cheap goods and high profit to big corp and top 1-10%. Now we're going to pay and if we don't put intensive effort(and big money) into our own structure (less profit for the top and maybe an expense for them short term), we're going to pay way too much and many won't be able to pay at all for things like the Tesla. Tesla and other auto makers need to be able to sell and make affordable to the bulk of the population, not just the very upper middle class and the top. This is the only way to increase the value of the company. Anything else will limit and put a cap on how far Tesla can go.
In reality it is about 30 most abundant depending on where your researching. But that's not the issue. Sure, you might be able to go in your back yard and find some lithium in some rocks, but the concentration is not enough for anything. Which makes processed battery grade Lithium product comparatively more rare and demand for it can get more than the supply. Mining, processing into battery material is a pretty intensive and time consuming process. As of now, about 3/4 of concentrated lithium mining is only in three countries, Australia, Chile (with the Lithium triangle), and China. But here's the real problem in my view is that China has control of over half of all that and they have 3/4 of all the big battery factories in the world. As I understand, the big auto makers including Tesla are trying to curb that and find or create different sources, but they are really late to the party and we are going to be dealing with the problems(expense) of that tardiness. Not just Tesla's problem though, but all EV manufacturing. Tesla might be ahead of the others in addressing this issue, but it's still a problem. Pricing in Lithium is going up, supply and demand issues are being an effect. Along with all of the geopolitical problems, how it's all going to play out is yet to be seen, but it is going to get more expensive.
I just watched that video (just catching up). I've been spending a lot of time with many of the issues that Grantham talked about. The more extreme things get (in about everything in life), the harder and more extreme things are in reverse or other side of the pendulum gets. Society in general, especially in the US has been getting pretty extreme and is really due for the elimination of those extremities towards the other direction. That includes the stock market which I feel that this little piddle of bearishness is nothing compared to what we have created and continuing to create for ourselves. And the more we ignore this process the harder it's going to be and in essence only delayed the inevitable breaking point.
So what's the answer to where do we put our money to at least somewhat protect and muddle through and even profit. As Grantham covered, having buckets of cash on the sidelines isn't really an answer. He also covered an issue that I'm well aware of. You and I are in the older generation and there isn't enough time in our lives to get through another long term recovery like the 29 crash or even more current history bubbles that I've succeeded in profiting and getting through, but it's it's taken many yrs or really decades and quite a bit of sacrificing that the current younger generation isn't in positions to do either physically or mentally. There is a lot of population that still hasn't recovered from just the housing bubble crash and never will. Other than the top 10% and an index number, most have taken many many years to get close to previous real worth. Same with the Covid Wars and all that has entailed from it. Many people will never recover back to before Covid.
Our gap between rich and poor has just gone extreme. Of course the answer to that is for the gap to shrink and become more equitable. But that answer, the only answer and solution, is being fought and will always be fought by big corp and the top 1% who are getting way to much power.
Knowing my time is limited, I can only try to prepare for my children (now adults) and grandchildren (oldest being in the marines now for two years).
But it's quite the conundrum and difficulty for direction and long term strategies no matter how much time I'm putting into it. Not to mention the cultural mayhem that's been created purposely for power control.
The more time I spend, the more I'm seeing everything (lot of what that interview was covering) and knowing what has got to be the results and consequences of everything going down (especially in the political spectrum).
No matter what the new world brings, there going to be a lot of hell to pay for a lot of people. If I succeed in helping my offspring get through it all, my success will be others demise. When there is only 10 apples in the basket and Johnny takes 9 of them, it's pretty tough on Dick, Jane, Terry, Peter, Paul, and Mary to live on the last one.