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D&D Note (7.7.2022) ~ S&P 500 Notches First Four-Day Rally this Year ~ Stocks continued yesterdays rally throughout todays session and closed near the highs of the day. This was the first time this year the S&P 500 notched a four-day winning streak. Semiconductor stocks got a lift today following Samsung’s “better than feared” revenue … 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 (6.10.2022) ~ 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 (6.7.2022) ~ 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
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