D&D Note (5.13.2020) ~ Disconnected Market With Highest Valuations in 18 Years Yet Falling Profits ~ The market is clearly overpriced with current valuations the highest in 18 years even though we know corporate profits still face further decline. Billionaire investor David Tepper today called this market the second-most overvalued market in his lifetime since … Continue reading
D&D Note (4.23.2020) ~ Gilead Deflates the Rally and 26 Million Jobless Claims ~ Markets opened with a rally then an accidental published news from the WHO on Gilead drug Remdesivir brought markets straight down. The news was the possible Covid-19 treatment did not improve patients’ condition. Gilead pushed back saying the study was terminated … Continue reading
D&D Note (4.3.2018) ~ Markets Rally Off Technical Levels ~ Once again markets have bounced off the technical level of the 200 day moving average which was breached on the S&P 500 in Monday’s session. This could be a time correction where markets get stuck in a range between the 200 day and the 50% … Continue reading