Other than Tesla, none of the pure-play EV Auto OEMs are going to survive. Tesla is with us only through the courtesy of fiscal subsidies and monetary excess (ZIRP, QE, the Fed's Covid-related stimulus activities including its various credit facilities, ETF purchases and monetization of the CARES Act). Without that fiscal and monetary excess, the … Continue reading The Pure-Play EV Game Is Over
We have folded our CEORater-related content under our TEK2day brand. TEK2day will publish more content to YouTube in the coming weeks. Our YouTube content won't necessarily be published as a TEK2day podcast. We occasionally publish our content to LinkedIn, but not all of our content. The best way to find our content is here at … Continue reading TEK2day: All Things Technology & Capital Markets-Related
The price of oil has ranged from approximately $67 to $86 year-to-date with Friday as the high. What's to stop crude from breaking $100/barrel? A soft economy? Sure. A recession will break oil's back. However, what happens if the Russia vs. Ukraine/U.S. war continues for all of 2024 or escalates or both? How does the … Continue reading Is The Price of Oil About To Breakout?
We don't write frequently about U.S. Labor data because it is junk data. Most Government survey data is in fact garbage. I can't think of a Government data set that I believe is a quality data set. The Labor data that the BLS publishes lags. It is better to watch what companies are doing. From … Continue reading Unemployment Will Get Worse Before It Gets Better
If you have enjoyed our writings and research on CEO Personality Analytics, you may enjoy the Apple TV+ documentary about former Nissan Renault Chairman and CEO Carlos Ghosn. We link to the trailer below (view this article on our Website to view the trailer and the recent Forbes interview with Mr. Ghosn). We have also … Continue reading CEO Personality Analytics – The Case of Carlos Ghosn
As I think about Technology companies in the back half of 2023 and 2024, pricing power has to erode at some point. For companies such as Google, subscription price increases this calendar year have far outpaced revenue growth (higher prices, fewer unit sales). I imagine that many companies that exercised pricing power in 2021, 2022 … Continue reading Pricing Power in 2H 2023 and 2024
Wholesale used-vehicle prices decreased 1.6% in July as compared to June. The Manheim Used Vehicle Value Index declined to 211.7, down 11.6% year-over-year. I would not expect the used vehicle market to completely rollover back to 2019 price levels as prices for new vehicles (up 60% over the past 10 years), are at such elevated … Continue reading Used Vehicle Prices Declined in July
Microsoft (ticker: MSFT) added $116 billion to its market cap yesterday as it announced that MSFT 365 users would be required to pay an additional $30 per month to use the AI-enhanced version of its productivity apps - Copilot. We wrote about Copilot back in March (HERE). Yes, AI-enhanced productivity applications by Microsoft and Google … Continue reading AI and Equity Dilution During Bubble Times
If you plan to run the credit risk exercise that I mentioned at a high level last week (HERE), the exercise is not a simple one. For example, if Company ABC issued a 5-Year note in August 2020 when the 5-Year Treasury was at 0.19% and credit spreads where at "Y", it would be incorrect … Continue reading Credit Spreads Will Widen The Longer The Fed Maintains Elevated Rates
The equity market is too sanguine. Things feel too still. Could this be the calm before the storm, or, will another round of Fiscal stimulus and Fed easing abort the storm on the horizon, fiscal debt and inflation be damned? It is difficult to make a call on the fundamentals whether it be the price … Continue reading Nothing To See Here. Or Is There?