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D&D Note

D&D Note (3.6.2018) ~ Choppy Trading Session & Concerns Cohn Will Resign ~

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D&D Note (3.6.2018) ~ Choppy Trading Session & Concerns Cohn Will Resign ~

Markets started the day with good news coming out of North Korea on the idea the regime could end their nuclear ambitions. That news gave equities a nice bounce as the tape began. However, that quickly faded and the DOW saw a choppy trading session dipping low to gaining to swinging back and forth from positive to negative finally closing up 0.03%.

While no specific news came out after North Korea the markets seem to still be digesting the ramifications and possibilities of the potential tariff’s and possible retaliation tariff’s.

Fears that the rift in White House continues and Gary Cohn might resign over the proposed tariff’s. His departure would be heavily felt in the markets where some say the “Cohn Put” is worth 1,000 points on the DOW.

D&D’s new darling IMLFF was up big for the 3rd straight day closing up 28.32%.

Crypto saw a decline with Bitcoin falling below $11,000 and LiteCoin falling below $200.

Gold saw a nice gain today 1.14% and silver also gaining up 2.15%.

The VIX continues to fall now at 18.22.

The 10YR remained largely unchanged with yields at 2.883%.

 

D&D movers:

– IMLFF up 28.32%

– BABA up 3.18%

– NVDA up 2.76%

– TWMJF up 2.74%

– CNTTF down -2.49%

– BA down -1.09%

– UNH down -0.96%

– C down -0.48%

Indexes

– DOW up 0.03%

– NASDAQ up 0.56%

– S&P up 0.26%

Sector Movers:

– Materials up 1.09%

– Consumer Discretionary up 0.72%

– Industrials up 0.48%

– Utilities down -1.36%

– Health down -0.12%

Notes

– US 2-YR 2.25% (up 0.008)

– US 10-YR 2.883% (up 0.004)

– US 30-YR 3.148% (down -0.003)

Volatility

– VIX 18.22 (down -2.72%)

Crypto (1:00 PST)

– BTC $10,633.03

– ETH $808.96

– BCH $1,180.39

– LTC $195.47

Metals

– Gold $1,334.90 up 1.14%

– Silver $16.765 up 2.15%

– Copper $3.157 up 0.93%

Energy

– Oil $62.48 down -0.14%

– Brent $65.67 up 0.20%

– Nat Gas $2.755 up 1.89%

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