D&D Note (2.28.2018) ~ Markets Fall as Oil Declines ~

D&D Note (2.28.2018) ~ Markets Fall as Oil Declines ~

Today we saw Oil fall below $62 a barrel of WTI and with that decline coupled with end of the month, markets all reversed and finished in the red on the session. The Dollar continues to rise which is pushing Oil down. The DOW was holding up fairly well today until late afternoon and dramatically fell to close down -380.83 points snapping the longest monthly win streak since 1959.

Tomorrow we have take 2 of FED Chair testimony.

Pot Stocks led the day for D&D helping keep our portfolio in the green on a day with a tough tape. EMHTF and IMLFF both finished up 10%. APHQF fell into the close but finished up 7.21%. CNTTF was up 6.11% and TWMJF was up 3.31%. Our only other stock finishing up on the day was AMZN just finishing in the green by 0.03%.

Dick’s Sporting Goods made news today when they announced they would no longer sell assault-rifles.

Amazon furthered their way into the smart home with a purchase of Ring (the smart doorbell maker) for $1 Billion.

D&D movers:

– EMHTF up 10.60%

– IMLFF up 10.16%

– APHQF up 7.21%

– CNTTF up 6.11%

– UNH down -2.74%

– TCEHY down -2.24%

– HON down -1.83%

– FB down -1.73%

Indexes

– DOW down -1.50%

– NASDAQ down -0.78%

– S&P down -1.11%

Sector Movers:

– No sector finished higher on the day

– Energy down -2.29%

– Materials down -1.78%

– Health down -1.64%

Notes

– US 2-YR 2.258% (down -0.008)

– US 10-YR 2.866% (down -0.042)

– US 30-YR 3.128% (down -0.047)

Volatility

– VIX 20.01 (up 7.64%)

Crypto (1:00 PST)

– BTC $10,638.44

– ETH $870.64

– BCH $1,239.00

– LTC $209.24

Metals

– Gold $1,318.80 up 0.02%

– Silver $16.405 down -0.18%

– Copper $3.106 down -1.63%

Energy

– Oil $61.48 down -2.43%

– Brent $65.76 down -1.31%

– Nat Gas $2.672 down -0.41%