Hmmm … The US economy is going to the underworld in a hand basket, again. Unemployment is on the rise, import prices are rising, inflation is benign, and this all brings us to:
– Fed to delay rate hike until September on tame inflation outlook: Reuters poll.
This is good news for the market, yes? At least it has been since December, anyway. So, why then is the market not responding better to the one-off, “bad” unemployment report, news that bodes well for the smarty pants polled to be right?
– Apple and Tesla are attempting to reverse the downside momentum in both stocks since coming off their April highs.
Oops! Not quite getting that done now are we? Nevertheless, this pair is worth watching.
– Boeing: Nine new orders for week through May 10, 2016; including from Japan Transocean Air for one 737, and from unidentified customers for eight 737 planes.
Let me see … each plane costs up to $85 million, so a quick calculation brings the high-end number to $765 million. Not bad for a single week. Again, opportunity lies with the ancillary support these huge manufacturers need.
– Oculus (FB) is sharing some details about the smartphone-dependent Gear VR headset it developed with Samsung—including the statistic that over a million people used it in April.
I guess it helps when Samsung gives the headset away for free with certain purchases, but, nevertheless, the future is now – virtual reality as recreation is coming fast to a smartphone near you.
