Gold continues its correction from extremely overbought conditions / this as real rates ticked slightly up to now have “less real negative rates” Now at $1894.30 a Troy Ounce in futures contract trading at 7:15pm PST
D&D Note (8.11.2020) ~ Stocks Sell-Off Late Day With Stimulus Impasse And Gold Falls Most in 7 Years ~ Markets continued to see mixed trading as the rotation into cyclical stocks out of tech stocks continued for a second day. The NASDAQ sees its 3rd straight day of losses which hasn’t happened since March. The … Continue reading
D&D Note (8.10.2020) ~ Rotation In Stocks The Relief Bill Talks Stalls And Questions Surround Executive Orders ~ Today we saw a rotation in markets out of Tech stocks and into Industrials and Retail stocks. There is still no bill yet in Congress for Stimulus Relief, but Munchin says deal could be reach this week. … Continue reading
D&D Note (8.6.2020) ~ Stock Stage Afternoon Rally On Hopes Of New Stimulus Relief Bill ~ There is still not a new Stimulus Relief Bill however, Nancy Pelosi says there is progress on negotiations ahead of the self imposed Friday deadline. This was enough hope that a bill will get passed to lift markets in … Continue reading
D&D Note (8.4.2020) ~ Stocks Drift Sideways As Congress Negotiates Relief Bill And Gold Closes Above $2000 ~ Stocks traded roughly flat on the day as Congress continues to drag negotiations along on the next Relief Bill. Mitch McConnell has taken the back seat and has said he is “prepared to support” whatever agreement is … Continue reading
D&D Note (8.3.2020) ~ Tech Leads Risk On Rally With S&P 500 Rising Above 3300 Intraday ~ Tech stocks rallied today led by Apple & Microsoft both at record highs while tech laggards on the day were Amazon & Google. Top sectors on the day included Tech, Health, and Energy. The worse performing sectors being … Continue reading
D&D Note (7.31.2020) ~ No Stimulus Deal But Tech Lifts Markets ~ There is still no stimulus deal out of Congress which dragged down the DOW and S&P 500 to open while strong tech earnings boosted the NASDAQ. When news broke that Congress will be meeting tomorrow to further work on the deal it lifted … Continue reading
D&D Note (7.30.2020) ~ Stocks Mixed On GDP With Tech Standout Gainer Ahead Of Earnings ~ The major indices all gapped down to open todays session. The NASDAQ rebounded into the green in the afternoon ahead of Big Tech earnings from Apple, Amazon, Alphabet, and Facebook. Apple – Beat with record results and plans 4-for-1 … Continue reading
D&D Note (7.28.2020) ~ Late Day Sell-Off Drags Stocks Lower With Rotation Out Of Tech ~ Markets traded choppy to flat throughout the day then had a late afternoon sell-off which dragged the major indices lower on the day. Negotiations on the new relief bill are proving difficult between Republicans in the Senate and Democrats … Continue reading
D&D Note (7.27.2020) ~ Stocks Rise And Gold Hits Intraday All Time High ~ Stocks rose today being led by tech stocks. Apple gained 2.68% and Taiwan Semiconductor continued its climb up 14.48% today. With the move today in TSM our position has now moved ahead of Amazon as our 2nd largest holding. The big … Continue reading
