D&D Note (7.13.2022) ~ CPI Report is Hotter than Expected with Inflation Rising 9.1% in June ~ The CPI Report on Inflation came out this morning higher-than-expected at 9.1% compared to estimates of 8.8%. This was the fastest pace for inflation since November 1981. After the spike in gasoline and rents last month it is … 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 (6.30.2022) ~ Markets Finish the Worst First Half to Year Since 1970 ~ Large selling of US stocks came from Europe causing the markets to gap down to open with the S&P 500 down nearly 3% to start the session. As European markets closed the US indices began a claw back from the … Continue reading
D&D Note (6.10.2022) ~ Markets Tank on Hot Inflation the Highest Since 1981 ~ The Consumer Price Index CPI report showed inflation rose 8.6% in May, the highest reading since 1981. Here are the May Year-over-year changes: Fuel Oil up 106.7% Airline Fares up 37.8% Used Cars & Trucks up 16.1% Food at Home up … 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 (6.8.2022) ~ Markets Fall 1% on Fears of Economic Slowdown ~ The stock market dropped today with investors factoring possibilities of an economic slowdown in the midst of rising interest rates. The Atlanta FED GDPNow trackers shows a growth rate of 0.9% for the second quarter in the US down from 1.3% last … Continue reading
D&D Note (6.6.2022) ~ Morning Rally Fades as 10 Year Note Yield Rises Above 3% ~ Stocks opened the day substantially higher (around 1%) with news Beijing rolled back some COVID related restrictions. Then the rally faded throughout the day as bond traders sold the 10 Year Note sending the yield above 3%. We could … Continue reading
D&D Note (6.3.2022) ~ Bear Market Bounce Fades as Markets Give Back Yesterdays Gains ~ It would appear that the recent Bear Market Bounce has ended today with markets giving back the gains from yesterdays rally and the gains for the week. The Jobs Report today came in above estimates at 390,000 added compared to … Continue reading
D&D Note (2.14.2018) ~ Bond Proxy Equities Selloff as Inflation Creeps Up ~ On a day when the 10YR note hit 2.9% we saw the bond proxy stocks selloff. Specifically the sectors of Utilities, Telecom, and Real Estate which all have high dividend yields and have been used as a proxy to bonds during this … Continue reading