SFM - Sprouts - a component of the Russel 2000. Inflation.

Sprouts dates back to 2002.

https://about.sprouts.com/about/ 

Note the steep price rise from 2023 to present. Represents True Inflation.

Trump Bump Slows. Bitcoin shows record strength.

 Bitcoin hit the $92,000 and impressive strength relative to the S&P this Monday, Nov. 18th. Does this mean that Crypto is here to stay? There is certainly a Trump-Bump, but unlike the S&P, Bitcoin has remained as historical max figures even as news stories ebb and flow.

(Courtesy Fidelity Online)

The Red Rollercoaster is Bitcoin - Grey is FXAIX - Christmas Colours are Brazil Ferrous Miner "Vale"

What could Elon cut? VA is at top of list for size.

Approaching half a million employees, Veteran Affairs may be at the top of the chopping block for government cuts. However, VA median compensation is third from the bottom in the chart prepared by the WSJ.

Source: WSJ 

Canyon Ultimate 2022 Headset Bearings from Acros

Gouge of lower bearing outer race seat

Rough texture of lower bearing seat - legacy of carbon fibre?

 

Lower is the taller of the 2 at 6mm (vs 5.5mm for the upper bearing)

Original left, replacements right, direct from Acros ~62 Euro

China Stealth Fighter - J35A. F35 Similarities.

• The J35A has wing chamfers on trailing edge corners
• Angled Intakes like F35
• 2 WS-19 Engines -- F35 has one engine from Pratt and Whitney

CNSPhoto/Reuters

F35

Yang Li Standup

https://www.youtube.com/watch?v=QRpCIBwSM8U&ab_channel=%E4%B8%80%E8%B5%B7%E7%9C%8B%E7%BB%BC%E8%89%BA

Yang Li - Stand Up Comedian

Vale to invest in Oman

 In late October, Ferrous Miner Vale announced this partnership with Jinnan Steel to invest in Oman.

• https://www.vale.com/w/vale-and-jinnan-steel-and-iron-group-annouce-investment-in-iron-ore-concentration-plant-in-oman/-/categories/1968809
• Jinnan Steel will operate the plant and is slated to invest USD $400M

SOHAR site in Oman

Oman and the Gulf of Oman

In other news, VBM - Vale Base Metals CEO Shaun Usmar was present on the Vale 3Q Earnings Call to speak about diversification in Vale's "Mineral Endowment", which he repeated stated was surprisingly good.

• https://vale.com/w/vale-base-metals-appoints-shaun-usmar-as-new-chief-executive-officer-1
• https://www.bloomberg.com/news/articles/2024-07-03/vale-picks-mining-veteran-usmar-to-lead-base-metals-turnaround

Hobie 20 Trapeze Adjusters - Image

 

Retrieval Bungie to top "Dog-Bone Ring"

Cam Cleat Underside showing Springs

日本郵船 NYK 9101 NPNYY

• Collaborators
• Via ONE (see Competitors) 38/31/31 (NYK largest holder)
• https://jp.one-line.com/ja
• Competitors 競争相手
• 商船三井　橋本社長　面接
• 川崎汽船
• ポイント
• US Election and "Soft Landing"
• Chinese Economy - drives Containers and Dry Bulk
• Red Sea Avoidance due to wars in Yemen, Gaza
• Peak rates in July of each year vs. Spot Rate Reduction
• Good YouTuber https://www.youtube.com/watch?v=d8D3bqJ3WKU&ab_channel=%E3%83%93%E3%82%B8%E3%83%81%E3%83%A3%E3%83%B3%E7%B5%8C%E6%B8%88%E3%82%84%E6%A0%AA

Avoid Red Sea, takes more time

Transition from Corona Container Rates

１円の円安

https://www.youtube.com/watch?v=f5KJOeVY9LE&ab_channel=%E6%97%A5%E6%9C%AC%E9%83%B5%E8%88%B9%E5%BA%83%E5%A0%B1%E3%82%B0%E3%83%AB%E3%83%BC%E3%83%97_NYKLineOfficial

Cash Flow (1億は10の8乗円）

https://finance.yahoo.co.jp/quote/9101.T?term=1w

 社長　

Doesn't bode well for VALE (Iron Ore Projected Shipments Down)

https://www.drewry.co.uk/supply-chain-advisors/supply-chain-expertise/world-container-index-assessed-by-drewry

https://www.nyk.com/english/news/2023/20230710_02.html

https://www.nyk.com/english/news/2024/20241031_02.html

Trump re-elected in '24, S&P jumps 2%. Implications.

Deja Vu, but no surprise to betting markets, Trump gives his '24 Election victory speech today with Harris not holding the votes that Democrats won in 2020. 

2024 Marks the Return of Trump, 78

At 78, Trump is older, and more militant, and will benefit from a Republican Senate and possibly also the House. It is a startling rebuke for Democrats, who, like in 2016, seemed close to a victory, but somehow without margins of safety that would have allowed a victory. This time around, in contrast to 2016, the Economist correctly predicted the election along the lines of betting markets - a Trump victory.

Celebrity endorsements and control of the news cycled assured that Trump voters were treated to a spectacle in the run-up to Nov. 5th. The world's richest man, Billionaire Elon Musk, rallied supporters around Trump, a lesser billionaire.

Implications:

Geopolitics:

• Will the President follow through on assurances to wind down the Russia-Ukrainian conflict?
• North Korea has sent fighters to support Russia following Putin-Kim meetings.
• China, fearing perceived or actual new US tariffs, may elect to boost its domestic tariffs, which could bode well for their economy. 
• Which sectors of China's economy will receive this boost?
• Israeli rioters took to the streets in Tel Aviv calling for an end to war with Hizbu'llah and Hamas and a return of remaining hostages. 
• This follows Israel's first direct & open strike in the region since targeting an Iraqi reactor in 1981. At the time Israel backed Iran against Iraq in that conflict.
• Since that time, Israel has countered Hizbu'llah and Hamas in the region without directly attacking Iran.

US Economy and Stock Markets

• S&P Stock rallied over 2% Wednesday.
• TSLA up 13%+
• Ford up ~3%
• NVIDIA overtakes AAPL as most valuable company by market Cap as AI investors focus on it, while SuperMicro flounders due to governance concerns.
• TMTG flounders due to its loss-making status as a proxy for Trump's comeback and it appears to not even be a legitimate business, merely another marker in Trump's bid to remain in the headlines -- in that sense, perhaps unsurprisingly and following Trump's pattern, it continues to fail as a business but succeed as a promotional tool.
• BABA down 3%

Image - Bloomberg '24

New York Times Elector Map

California District 16, former Mayor Sam Liccardo leads Evan Low in current polling.

Liccardo leads Low 60/40 in District 16

Low upbeat, applauds voters for turnout

SF Mayoral Race - Laurie leads

References: 

https://www.ktvu.com/election/sam-liccardo-evan-low-house-district-16-results

Canyon CF SL 8 Headset Bearings from Acros (is44)

I came across what I believe to be the bearing set provider for Canyon Ultimate (and other road models)

https://acros-components.com/en/headsets/is44/is44-bearingset-for-canyon

 

is44 bearing set

CF SL 8 - Deutsche Version

部品三個の図面

$1M Musk Giveaway apparently "Not Random" according to Defense Team

 At the intersection of considering political donations as "free speech", election interference and shameless promotion lies the story of Musk's $1M a day giveaway. In essence, the candidates have become the product and this particular ploy the promotion to gain influence over financially desperate voters. It certainly drew my attention as much as the promise of watching Zuck face off with Musk in the ring. 

Very similar to bread and circuses of the Roman times but updated to bring the rabble under order and to vote against their interests. When a candidate must pay people to vote for him, something is amiss.

Article: https://www.scmp.com/news/world/united-states-canada/article/3285172/elon-musks-us1-million-voter-giveaway-winners-are-not-picked-random-lawyer-says