D&D Note (9.1.2020) ~ Markets Rally On First Day Of The Month With Zoom up 40% ~ The Futures market fell overnight causing markets to gap down upon the open but then all major indices rallied throughout the day. The S&P 500 and NASDAQ hit new all time highs led by the stay at home … Continue reading
D&D Note (8.25.2020) ~ Markets Mixed With Apple Dragging Down DOW While S&P 500 And NASDAQ Rally To New All Time Highs ~ Before we get to market news, once again we have seen extreme injustice to another unarmed black person with Jacob Blake being shot 7 times in the back in front of his … Continue reading
D&D Note (8.24.2020) ~ Markets Rally To New All Time Highs With Reopen Trade + Stay At Home Trade Both Gaining ~ Markets gapped up to open on the Covid-19 convalescent plasma treatment fueling hope to push to new all time highs. However, scientists are doubting it as an effective treatment for patients with Coronavirus. … 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 (7.20.2020) ~ Vaccine Hopes Push Markets Positive On Year With Tech Leading ~ Renewed Vaccine Hope fuels todays rally, the NASDAQ gets its mojo back, the VIX drops below 25. The Oxford University / AstraZeneca potential vaccine show positive early results with production of antibodies and killer T-cells. Analysts say the vaccine fails … Continue reading
D&D Note (7.8.2020) ~ Mega Cap Tech Rally Lifts Markets While US Reports Record Single Day Coronavirus Spike ~ The China rally continued overnight and U.S. markets opened higher but drifted into the red. Then we had a rally in the final hours of trading to close near the highs made in the morning session. … Continue reading
D&D Note (7.7.2020) ~ Investors Take Profits After 5 Day Rally Sending Stocks Lower ~ The U.S. markets had enjoyed a 5 day rally but that streak came to an end today as investors decided to take profits. The selling intensified as we headed into the close of trading and indices closed on the lows … Continue reading
D&D Note (6.29.2020) ~ Stocks & Oil Gain On Better Than Expected Economic Data ~ Surprise positive economic data helped boost markets and oil today despite the weakening Coronavirus data. Pending Home Sales posted a record gain exceeding all forecasts. Although much of the improvement in economic data came from states beginning to reopen from … Continue reading
D&D Note (6.22.2020) ~ Markets Rise But Gains Capped By Increasing Covid-19 Cases And Hospitalization Rates ~ Yesterday Futures opened with negative sentiment down nearly 1% then rose over night. Mega Cap Tech stocks helped push the overall markets up in cash trading today. However, gains got capped on increasing Covid-19 cases and hospitalization rates. … Continue reading
D&D Note (6.11.2020) ~ Markets Fall Over 5% Pricing in 2nd Wave Of Covid-19 Virus ~ This market was top heavy and ripe for a pullback. The FED yesterday sounded a dovish but somber tone and essentially called out the jobs report saying in reality unemployment was 3% higher and that black & hispanic unemployment … Continue reading