D&D Note (7.18.2022) ~ Apple News of Slowing Hiring & Spending Fizzles Todays Rally ~ Stocks started todays session with a continuation of last weeks rally on the back of bank earnings. The 2 Year Note continues to be a main directional driver of the overall stock market. Today we saw a slightly weaker dollar … Continue reading
D&D Note (7.15.2022) ~ Stocks Get a Friday Relief Rally with Green Across the Screen ~ Stocks had a broad based relief rally today with all sectors finishing the day in the green along with the major US Indices. Another round of bank earnings came out this morning with Citigroup soaring 13% after they beat … Continue reading
D&D Note (7.14.2022) ~ Bank Earnings Disappoint but Markets Claw Back From the Lows ~ Banks reported earnings this morning and while not horrible they did disappoint investors and the markets were considerably down to start the day. Then FED Governor Waller calmed traders a bit by saying the market is “getting ahead of itself” … Continue reading
D&D Note (7.13.2022) ~ CPI Report is Hotter than Expected with Inflation Rising 9.1% in June ~ The CPI Report on Inflation came out this morning higher-than-expected at 9.1% compared to estimates of 8.8%. This was the fastest pace for inflation since November 1981. After the spike in gasoline and rents last month it is … Continue reading
D&D Note (7.12.2022) ~ Stocks Fall in Final Hour of Trading with Bonds Yields Falling Oil Falling and Dollar Rising ~ Markets had been in the green during todays session until a fake CPI report got circulated around the street in the final hour of trading which is most likely the causation of the big … Continue reading
D&D Note (7.11.2022) ~ Stocks Sink Ahead of Earnings Season and CPI Report ~ The major US indices all finished lower on the day as investors look ahead to Wednesday CPI report on inflation the start of earnings season this week. The US dollar could create major headwinds for S&P 500 and big tech company … Continue reading
D&D Note (7.8.2022) ~ Stocks Whipsaw Throughout Session with NASDAQ Notching 5-Day Win Streak ~ Markets struggled for direction today whipsawing between gains and losses. Declining Volume on the NYSE was 1,733,751,882 outpacing Advancing Volume of 1,337,514,584. The DOW and S&P 500 finished slightly down with the NASDAQ closing in the green slightly, overall markets … Continue reading
D&D Note (7.7.2022) ~ S&P 500 Notches First Four-Day Rally this Year ~ Stocks continued yesterdays rally throughout todays session and closed near the highs of the day. This was the first time this year the S&P 500 notched a four-day winning streak. Semiconductor stocks got a lift today following Samsung’s “better than feared” revenue … Continue reading
D&D Note (7.6.2022) ~ FED Minutes Spark Late Day Rally ~ Treasury Rates where volatile today swinging the overall markets. Post the FED minutes release bond yields reversed to 2.93% on the 10 Year Note and stocks rallied in the last hour of trading. Markets gave back some of the gains but finished in the … Continue reading
D&D Note (7.5.2022) ~ The 2-10 Year Spread Inverts Again and Oil Falls Below $100 ~ Stocks gapped down big to open the day after the holiday weekend but rallied back during the day led by tech stocks. The NASDAQ turned positive midday and ended firmly in the green while the DOW finished well off … Continue reading