Market Headlines – December 22, 2023

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Market Headlines – December 22, 2023

Boeing (BA)

Boeing delivered its first 787 Dreamliner to China in about 4 years. China is a hugely important growth market for Boeing and Airbus. They don’t have the ability to make their own planes. They buy from the duopoly.

Enphase (ENPH)

Enphase will fire 10% of its workforce. The solar sector has been hard hit by the historically brisk pace of the now-ending tightening cycle.

Fed Bubble

Pour one out for two of the largest Fed-bubble grifters in public markets. Nikola’s Trevor Milton, who pushed a truck down a hill and called it a legitimate demo, will get 4 years in prison. Bird, a scooter sharing company, is now worth about $2 million dollars vs. north of $2 billion during the bubble. It raised a half billion in public markets. Bird? More like woof.

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