From the Wall Street Journal’s “Stock Futures Slip Ahead of Fed Minutes” posted early Wednesday:
U.S. stock futures declined ahead of the release of minutes from the Federal Reserve’s most recent policy meeting, which will be combed for details on the path of coming interest-rate rises…
Stocks have had a volatile start to the week, buffeted by concerns about the Federal Reserve tightening monetary policy to combat the bout of high inflation and how sharp of a slowdown in growth it could cause. The S&P 500 is down nearly 18% from its last record high in January and briefly fell into a bear market last Friday before paring losses.
“It’s been really volatile, to say the least. This is linked to the question of recession, whether that’s coming or not. That’s effectively what the market has been pushing and pulling between,” said Fahad Kamal, chief investment officer at Kleinwort Hambros.
Max pain stays at $141 with a call mountain at $150, down from $165.
Went to check AAPL listing this morning and saw a CDP score of A-. Wondering what it was I clicked through to end up at a self-appointed Climate Change Monitoring group that rates companies. Why does this subjective rating belong in a collection of objective numbers such as Open, High, Low, Mkt Cap, Div yield, etc.?
Long term investors know that the future costs to the economy from climate change will far outweigh the admittedly astronomical expenses of mitigation. Like Apple, more and more investors are taking climate change into consideration for investing in their futures. I am happy to invest in Apple as a company that thinks long term, and tries to build a better world for my grandchildren.
How do you know the score is subjective? If it’s based on an objective study of elements that make up a company’s ecological footprint, that sounds pretty objective to me. Not really any different from a list of ingredients on a package of processed food. Just like that list of ingredients, plenty of folks are interested, and if you’re not interested, you’re free to ignore it.
The company is called Rio out of London. The score is based on a questionnaire that a company fills out. Sounds pretty objective. Except, who determines what questions are asked, and how to rate each question in terms of what’s important to ecology? That, by nature, is very subjective. Which of course does not make it necessarily bad, or wrong. But it is subjective and should be labeled as such. And, according to their website, as far as I can tell, Rio makes no effort to determine if the information given to them by a company is correct or not.
Ford and GM have CDP ratings of A while Apple has an A-. That sounds strange to me, but hey, if investing in Ford and GM is better for the environment than investing in Apple who am I to argue with these “objective” measures.
The article says Brent Crude is $111. That is not the all time high. Yet gasoline at the pump is much higher than its all time high.
Hopefully the current real world (not investor world) economics will normalize and then Apple, and similar great but beaten-up stocks, will normalize, i.e. go back up.
It’s O.T. but a good point. Where’s the actual location of “fuel inflation” if it isn’t the oil price? Demand? Refinery slowdowns? Fuel distributors? Gas station price gouging? All of the above?
Anybody know?
“New research highlights job growth…” It is about an Apple-commissioned study that found over a 100% increase in small App Store app developers income + 2.2 million new Jobs. Clearly part of a larger PR effort to gently steer the conversation to the $ billions earned by those who contribute to the success of Apple’s products & services. Touting salaries, taxes, capital gains and dividends paid doesn’t ring the same bells.
Upvoted! Of, course, like so much of Apple, this will continue to fly under the radar of many.
Every few years I peruse the topics and documents made available to WWDC participants. As a former instructor of C++, Visual Basic and Forté app development I can identify the various resources & tell you Apple invests heavily in making it easier to make inclusive apps for many audiences. Collaboration is a primary focus. Light years ahead of the toolboxes my students were given.
developerdotappledotcom/documentation/
Always inclusive, there are new features for every product, additional right to left language support, and audio graphs for the blind. I’m working my way through how to design an inclusive app, ground-breaking stuff. Free sample code, always popular and a great learning resource. Swift UI gets even better graphics features. “Swift has built-in support for writing asynchronous and parallel code in a structured way. Asynchronous code.” Also ground-breaking, the app can keep functioning during app updates.