%% WELL sounds like a Very good name, cant really comment on cave cheese; see if WMT has it next time I' m there? All those out of work Teamsters from Yellow Freight may solve Kroger labor shortage
Cave-aged cheese might be less hazardous to produce too. https://www.cleveland.com/news/2023...crushed-by-thousands-of-wheels-of-cheese.html
That's a gouda one, but this is no Laughing Cow matter. The wheel of life rolled over him, but at least he's in a cheddar place now.
Sounds like the whole place bleu up. I guess the good lord had grater plans. They say his wife went into a melt-down... albeit his suffering was brie(f).
Nothing to do with Kroger... just some out-loud thoughts on the general market direction for the next 6 weeks. ----------------------------------------- Right now all the TV people are bearish on tech, and as I wrote last week in our GBA thread (drowned out by the usual bs of course), short term gains in the naz will also be short lived without a volume confirmation on a decent move up. Yesterday/today for example. Now for the last few weeks, folks were buying calls on all the popular stocks as they were going up on their quarterly reports. Those expire Friday, so that's why I wrote I felt tech would remain flat to down most of this week as theta does its thing so the whales can make bank on all the retail players that bought the hype, and hence the bloated calls. With all that said, as I also wrote, it is very important to note that the July/August (2022) housing prices will fall off of the economic data released in September. July/August of last year was pretty much when new and existing home prices had really spiked and I suspect Powell is gonna like what he see's in the new CPI data. The FOMC announcement is on 9/20. I'm pretty sure Powell will once again remain pat. And that's not earth-shattering news, I think the markets have that priced in already. As always it will be his "tone" that the guru's dissect, so that is why I think 9/13 is the date to watch. That's when we get the CPI data. If my assumptions are correct, and the housing data comes in below consensus, that will certainly have an impact on his tone the following week. He will of course maintain his usual stoic demeanor about things, but what's important here is I think the the whales will start front running 9/13 as early as next week or the week following. With everyone once again saying "tech has to go down!", I suspect the Naz is getting ready to run once again and any dips should be bought. All in all, tech earnings have come in pretty strong. And I don't mean just the usual FAANG type stuff, several former super-high flyers that have been beaten down to (somewhat) reasonable levels have turned the corner on profitability. TEAM and TWLO are two good examples that I like, but there are several more. I think the next leg up will be fostered by a fresh group of some of these former high flyer's. Not that the Faangs will lose their novelty, it's just time for some fresh stocks that have the potential to move big if Powell leads us to believe he is done for now, with cuts looking more possible in '24. I think TWLO and TEAM will be part of the group. But we'll see. As always, jmho. Trade what you see, but also plan accordingly if you have a longer time-frame.
But wait, there's more. Has anyone else here noticed the price of eggs has fallen off a cliff in the last two weeks? Yeah. Like $1.09 dozen. Not a sale. Now I realize when they were north of $4/dozen a very short while ago, that was largely in part due to the bird flu or whatever it was that made them kill off millions of chickens... but what is important is that it just happened to coincide with when food prices were at their worst and inflationary pressures were on fire. So this could also be a pretty big deal along with the housing data I mentioned above. Not just the price of eggs as a stand-alone product we all buy... but eggs are an ingredient in tons of other foods we buy and a 50-75% drop has got to matter to the major producers of the stuff that lines the aisles of our grocery stores. Competition as always will drive prices down. If General Mills wants market share from Kellogg's, they can now lower their prices a little. Kellogg's will have to match, and so goes the dance. How long it takes for this input cost of a key raw ingredient to be reflected at the the retail level is anybody's guess, but Powell and company look at data from Dept of Agriculture, and they'll certainly know this about the eggs for the Sept FOMC meeting. So imo, this will be more good news for him on the inflation front, at least regarding food. How much it matters, who knows, but I think every little bit counts at this point, and that really is a substantial drop in the price of a very large, key consumer food-stuff.