The ecosystem is everything with Apple. Revenue has slowed down again. Might be nothing. But I've never heard people who ‘want’ to own an iPhone talk so much about hating their iPhone and how it broke after 2 years or is spying on them. It's not everyone, but I never really heard any iPhone user really talk like this before.
All Amazon's 3 main businesses beat expectations. But $134b versus $131 expected, is that good? Shouldn't it be at least the rate of inflation?
The yeild curve is the big story this week. 2022 and into 23 was ‘the short end of the yield curve’ and now it's the long end. The 30 year has taken off over the past month. Jap 10 year also has gone up this year. Jap stock market has performed best this year, followed by Europe, then US.
Money has very little value right now, say some. Supply and demand. There is someone who wants to pay that amount for that thing.
Now, unlike markets of the past 100 or 150 years, most of people's income goes automatically into Mutual Funds, which is invested automatically into the S&P. The money doesn't get to think, it's dumb, it's rule-based.
Money printing redistributed the same sized pie (of the economy), maybe hoping it would cause some kind of economic activity/growth, but maybe it didn't.
Empries trend toward centralized cronyism.
Enemployment rate down from 3.5 to 3.6%. Earnings up month over month, 4.4% YoY. About to move into a period where base effects will be working against us, harder to print good numbers.