Remember when the Fed claimed last year's inflation was "transitory" and was "only temporary"? How J. Powell must feel now that every other news article is about how it has only gotten worse... But I hope you aren't bored of the topic yet. This...
To continue reading click here.
Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM), Asia’s most valuable firm and globally the largest contract chipmaker, has made an absurd announcement in its fourth-quarter report.
The company said it expects to increase capital spending to between $40 billion and $44 billion this year. That’s up 33.3% to 46.66% from the $30 billion it spent last year.
That’s a lot of money… But TSM wouldn’t spend unless it saw huge demand for its chips now and in the future.
Lithium, lithium, lithium…
It’s all about lithium right now as demand for electric vehicles soars – and as battery prices climb alongside. Existing supply chains can’t keep up, causing prices to increase five-fold. Last January a ship cost $8,000 a tonne. Now it’s $41,000.
Bad for the car companies. Bad for EV customers.
Years ago, being a hedge fund manager was something worth bragging about – I would know.
Starting in 1983 on the floor of the Chicago Board of Exchange, I ran multiple successful hedge funds, helping clients (and myself) make beaucoup bucks in the stock market. At times, I was outright braggadocios about my successes, like many other hedge fund managers. Some even beat out the yearly gains of the stock market year after year…
But that was ages ago, and hedge funds aren’t bragging anymore.
It’s retail – small traders and investors – that ought to be celebrating success, and I’ve got a new play so you can be celebrating the very same profits.
Click here to read what retail outperforming hedge funds means for you.