D&D Note (4.10.2018) ~ Markets Rally On Eased Trade War Concerns ~
A broad based rally was seen in the markets today after the President of China Xi Jinping gave positive open market comments last night to help ease concerns of a Trade War. While Xi did give a few jabs seemingly at Trump and the US neither were specifically named. Futures last night rose over 1% during the speech and followed through into cash trading today.
The DOW closed up 1.79% (428.90 points)
The S&P 500 closed up 1.67% (43.71 points)
The NASDAQ closed up 2.07% (143.96 points)
One of the main focuses today was the Capital Hill hearing involving the Facebook CEO Mark Zuckerberg. Dressed in a suit and Facebook blue tie Mark was grilled by almost half of the US Senate. Perhaps the toughest questions were on whether the company is a monopoly and how the overall internet based advertising system works including cookies and retargeting. The FB stock rallied the most in years finishing up 4.50% at $165.04 a share.
The Energy sector was the leader of the day coinciding with the large gain in Oil of 3.58% at $65.69.
The 10YR yield rose to just under 2.80% while the 30YR yield remained UNCH at 3.017% further flattening the yield curve.
The interest rate sensitive sectors were the losers on the day with both Utilities and Real Estate sectors finishing lower on the session.
In a further sign of the continued global expansion Copper got a strong bid rising to $3.1375 up 1.97%.
D&D movers:
– TWMJF up 7.66%
– NVDA up 5.80%
– MU up 5.25%
– TSLA up 5.19%
– WNS down -0.50%
Indexes
– DOW up 1.79%
– NASDAQ up 2.07%
– S&P up 1.67%
Sector Movers:
– Energy up 3.32%
– Technology up 2.48%
– Telecom up 2.31%
– Utilities down -0.72%
– Real Estate down -0.71%
Notes
– US 2-YR 2.307% (up 0.021)
– US 10-YR 2.799% (up 0.013)
– US 30-YR 3.017% (UNCH)
Volatility
– VIX 21.48 (down -5.93%)
Crypto (1:00 PST)
– BTC $6,846.24
– ETH $412.13
– BCH $652.97
– LTC $114.55
Metals
– Gold $1,343.90 up 0.28%
– Silver $16.565 up 0.22%
– Copper $3.1375 up 1.97%
Energy
– Oil $65.69 up 3.58%
– Brent $71.12 up 3.60%
– Nat Gas $2.655 down -1.41%
D&D Investments 
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