D&D Note (12.7.2020) ~ All Eyes Back On Stimulus After Last Weeks Jobs Report ~ Stocks traded mixed today on light volume. After last weeks bad jobs report investors are now expecting to see some sort of stimulus being passed this week. There is a $908 billion Covid relief package on the table potentially being … Continue reading
D&D Note (11.16.2020) ~ Moderna Positive 94.5% Effectiveness Vaccine Data Boosts Market Rally To Record Close on DOW and S&P 500 ~ Moderna gave the markets a shot in the arm today with very positive preliminary data showing 94.5% effectiveness for their vaccine. Share of the company rose over 9% in todays trading. This Moderna … 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 (7.24.2020) ~ Rising Tensions Between China & U.S. Sends Markets Lower And Gold to $1900 ~ The continued rising tensions between China and the U.S. put downward pressure on the markets today after China retaliates and closes the U.S. consulate in Chengdu. Equity markets gapped down on the open and remained in the … Continue reading
D&D Note (7.23.2020) ~ Markets Drop Led By Tech As Jobless Claims Rise ~ Markets snapped a 4-day win streak today with all major indices falling on the day and VIX rising back above 26. Jobless claims rise showing we are not out of the woods yet due to the ongoing pandemic. This was the … Continue reading
D&D Note (7.17.2020) ~ U.S. Reports Record One-Day 77,200 New Covid-19 Cases And Both Deaths & Hospitalizations Rise Across The Country ~ Markets trade relatively flat on the day and the VIX drops below 26 while Gold rallies back above $1800 an ounce. Volume was low in trading today. In the afternoon cash trading session … Continue reading
D&D Note (7.13.2020) ~ S&P 500 Briefly Goes Positive On Year Then Dramatically Reverses Down on South China Sea And California Re-Shutdown ~ Stocks gapped up to start the day and rallied into the session but then news hit the wires. The S&P 500 had briefly gone positive for the year at intraday high of … Continue reading
D&D Note (7.9.2020) ~ Trump Tax Returns + Record Deaths & Hospitalizations Sends Markets Lower ~ Today the Supreme Court grants the NYC Prosecutor access via Grand Jury to the Trump Tax returns but pushes the House subpoena request back down to lower courts. As soon as that news broke the markets all took a … Continue reading
D&D Note (6.24.2020) ~ Covid-19 Cases Surge Sending Stocks Down And Volatility Up ~ Today markets woke up to the reality that Covid-19 is not going away and is rather surging to record highs in America. The 7-day average of cases has now gone back up to 30,000 a day which we had not seen … Continue reading
D&D Note (6.23.2020) ~ Futures Market Shocked By Peter Navarro “It’s Over” While Cash Trading Rallies On PMI Data ~ Last night during futures trading we got a massive shock when coming across the newswire that Peter Navarro in a Fox News report said the China trade deal “Is Over.” Immediately global markets took an … Continue reading