D&D Note (4.19.2018) ~ Taiwan Semi Report Sends Chips Crashing ~ #StockMarket #Semiconductors

D&D Note (4.19.2018) ~ Taiwan Semi Report Sends Chips Crashing ~

The Taiwan Semiconductor report sent chip stocks crashing today after TSM guided down sighting weak high end smartphone demand. Investors all saw that as pointing to week iPhone X sales. That sent Apple and the supply chain all down as well today. TSM fell 5.20% even though only 20% of their business comes from Apple and AAPL fell 2.87% on the session.

Interestingly the best way to play the blockchain outside of actual coins is Taiwan Semi which creates the cops used for the blockchain technology.

Yields all crept higher and we are back to what was the top of the trading range in the 10YR Note of 2.91%. The question now is do we go back down or break out of the trading range to 3% to 3.5%. The bond action boosted the Financial sector today with broad gains across the banks.

D&D is looking to add a new Pot Stock to our portfolio in MEDFF which focuses on the medical side of the industry. With CBD seemingly getting the green light today from the government this is a must own space for investors. 

D&D movers:

– CNTTF up 6.87%

– TSLA up 2.29%

– JPM up 2.20%

– BAC up 2.20%

– MO down -6.05%

– TSM down -5.70%

– MU down -4.80%

– NVDA down -3.10%

Indexes

– DOW down -0.34%

– NASDAQ down -0.78%

– S&P down -0.57%

Sector Movers:

– Financials up 1.53%

– Energy up 0.14%

– Consumer Staples down -3.14%

– Real Estate down -1.67%

– Technology down -1.13%

Notes

– US 2-YR 2.432% (up 0.005)

– US 10-YR 2.912% (up 0.045)

– US 30-YR 3.10% (up 0.054)

Volatility

– VIX 15.95 (up 2.24%)

Crypto (1:00 PST)

– BTC $8,250

– ETH $557.09

– BCH $963.25

– LTC $145.66

Metals

– Gold $1,347.70 down -0.43%

– Silver $17.25 up 0.01%

– Copper $3.127 down -1.00%

Energy

– Oil $68.20 down -0.39%

– Brent $73.72 up 0.33%

– Nat Gas $2.668 down -2.59%