14 November 2018

1) For the twelfth straight trading day oil prices have dropped, the steepest in 3 years.  US oil inventories are at record high.

2) Tesla’s Gigafactory produces more battery packs for electric vehicles than all the rest of the world combined.  Presently, Tesla is producing battery packs for $116 per kilowatt-hour while the average cost from other manufactures is $146 per kilowatt-hour.  Tesla expects cost to continue dropping.

3) While unemployment dropped to 3.7%, the cost of living has risen 14% over the last 3 years.  The median home price is up 21% over the same period.

4) 13 NOV 18    Stock market closings:  Volatile market fails to rebound.

Dow                                25,286.49                down        100.69
Nasdaq                             7,200.88                      up            0.01
S&P 500                            2,722.18                 down           4.04

10 Year Yield:       down   at    3.14%

Oil:         down   at      $55.61

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