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.
