D&D Note (3.13.2018) ~ Markets Remain Under Pressure ~

D&D Note (3.13.2018) ~ Markets Remain Under Pressure ~

The major indices all declined today showing that the market is still under pressure and looks more likely to head down than up in the near term. There were few places to hide today with Healthcare being one of them.

As we approach the end of the quarter the big gainers will continue to get sold off as portfolios rebalance for the next quarter.

There is also the FED meeting next week. A 25 basis point rate hike has been priced in however how the new dot plots shake out is what investors will be looking at. Will we remain at 3 or will we move to 4 hikes this year.

The 10YR yield is still under 2.9% but the VIX has been moving back up showing the price to buy options protection is increasing.

Oil and Bitcoin both remain under pressure with Oil below $61 and Bitcoin near $9,000.

Today D&D took some profits in both AMZN and TSM. Cash is now our 2nd largest holding by weight.

D&D movers:
– CNTTF up 3.46%
– UNH up 1.87%
– MO up 0.55%
– ITW up 0.43%

– EMHTF down -4.34%
– TWMJF down -2.91%
– IMLFF down -2.52%
– GOOG down -2.26%

Indexes
– DOW down -0.68%
– NASDAQ down -1.02%
– S&P down -0.64%

Sector Movers:
– Real Estate up 0.26%
– Utilities up 0.21%
– Health up 0.15%

– Technology down -1.21%
– Financials down -1.09%
– Energy down -0.72%

Notes
– US 2-YR 2.262% (down -0.004)
– US 10-YR 2.844% (down -0.026)
– US 30-YR 3.10% (down -0.029)

Volatility
– VIX 16.69 (up 5.77%)

Crypto (1:00 PST)
– BTC $9,080.01
– ETH $681.30
– BCH $1,058.20
– LTC $174.60

Metals
– Gold $1,326.30 up 0.42%
– Silver $16.57 up 0.21%
– Copper $3.134 up 0.32%

Energy
– Oil $60.68 down -1.11%
– Brent $64.53 down -0.65%
– Nat Gas $2.79 up 0.43%