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 (7.11.2022) ~ 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 (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 (10.27.2020) ~ Rising Average Daily Virus Cases & Hospitalizations Continues To Weigh Down Markets ~ The reality is Covid-19 has not gone away and in fact is right now at the worse point in the Pandemic in both Europe and the USA. In the U.S. we are seeing an alarming rate of new … Continue reading
D&D Note (10.26.2020) ~ Coronavirus Fears & SAP Warning Sends Markets Into A Selloff With the S&P 500 Breaking 200 Day Moving Average ~ Pandemic fears crept back into the markets today following a dire warning from SAP and rising Covid-19 virus cases in Europe and the USA. SAP reported earnings and cut its revenue … Continue reading
D&D Note (10.16.2020) ~ Retail Sales Spark Market Rally To End The Week ~ Markets got a shot in the arm today with surprise Retail sales gaining 1.9% in September topping estimates of 0.7%. Excluding autos, the increase was 1.5% topping 0.4% estimates. The biggest gainers were clothing and accessories while electronics was the lone … Continue reading
D&D Note (10.6.2020) ~ Markets Tank After President Calls Off Stimulus Talks Until Post Election Despite FED Chairman Calling For Congressional Stimulus ~ Stocks traded choppy in cash trading today from gains to losses throughout the session weighing all the current risks. The Presidents health is still in focus but the main driver is Congressional … Continue reading
D&D Note (10.2.2020) ~ President Trump & First Lady Test Positive For Coronavirus Sinking Markets Overnight ~ The big story today was supposed to be the jobs report, until late last night news broke that both the President and First Lady have tested positive for Coronavirus. Immediately equity futures last night around the world took … Continue reading
D&D Note (9.29.2020) ~ Stocks Pause Ahead Of Presidential Debate With Energy Reversing Yesterdays Gain And Global Covid-19 Deaths Top 1 Million ~ Stocks today took a bit of a pause ahead of the highly anticipated Presidential debate tonight. Investors will be keying in on what the candidates say about China and the pandemic. Wall … Continue reading
D&D Note (9.28.2020) ~ Equities Rally Led By Cyclical Stocks All Sectors In The Green Today ~ Friday’s rally carried over into todays cash trading with a broad based rally. Cyclicals led the rally today with Energy, Financials, and Industrials the biggest gainers. All sectors finished in the green on the day. The Dollar reversed … Continue reading