D&D Note (8.1.2022) ~ Stocks Slip Into the Red to Start the Month ~ Markets start August slipping into the red after posting the best month since 2020 and finishing the worst first half of the year in 50 years. Treasury yields continue to fall with the 10 Year Yield now at 2.59% on signs … Continue reading
D&D Note (7.28.2022) ~ Earnings Have Been Better-Than-Feared Leading to Stocks Rallying ~ The GDP print for Q2 came out this morning showing a second consecutive quarter of negative growth falling 0.9%. Following the GDP print bond yields fell below 2.90%. Stocks started the day down but then looked past the GDP print and rallied … Continue reading
D&D Note (7.27.2022) ~ FED Raises Interest Rates by 75 Basis Points and Markets Take Off in Rally Mode ~ Stocks begun the day in rally mode following the strong gains in Alphabet and Microsoft in last nights after-hours trading. Both companies reported earnings after the bell yesterday and both actually missed earnings expectations, however … Continue reading
D&D Note (7.21.2022) ~ Tech Stocks Continue Rally as Dollar Declines ~ The European Central Bank ECB gives markets a surprise with its first rate hike in 11 years coming in larger-than-expected with a 50 basis point hike. The Dollar declined following the surprise action by the ECB and the 10 Year yield moved 12 … 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 (7.6.2022) ~ 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 (6.27.2022) ~ Stocks Slip Slightly to Start the Week ~ All major US Indexes finished the day in the red slightly down. Pending home sales had a surprise increase of 0.7% in May due to a brief mortgage rate pullback. The good news in home sales is what sent stocks down today. Investors … Continue reading
D&D Note (6.13.2022) ~ Markets Hit New Low of 3749 on S&P 500 as Investors Look Ahead to Wednesdays FED Meeting ~ We saw a broad based selloff today with all sectors finishing in the red. The S&P 500 put in a new low of 3749.63 putting us officially into a technical Bear Market (which … Continue reading
D&D Note (6.9.2022) ~ Markets Sell Off Over 2% Ahead of Tomorrows Inflation Report ~ The ECB European Central Bank announced they plan to raise interest rates in the EU by 25 basis points at its July Meeting. The ECB took down its forecast for growth and raised its projection for inflation. The European news … Continue reading
D&D Note (6.7.2022) ~ Target Spooks Markets Revising Guidance Down Again ~ Retailer Target again guides down sending markets lower to start the day. Stocks pushed back to rally into the close as the 10 Year Note yield fell back below 3%. Target CEO Brian Cornell said they are clearing room for merchandise consumers are … Continue reading