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At 11:00pm Pacific Coast Time (PST): Markets are trading higher in the futures market and the Dollar is trading lower. -> Futures of 11:00 pm PST DOW up 0.62% (26962.00) S&P 500 up 0.49% (3316.75) NASDAQ up 0.26% (11092.00) FTSE up 0.71% CAC up 0.89%’ DAX up 0.82%
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 (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
D&D Note (9.22.2020) ~ Dollar Continues To Rise And Tech Lifts Markets Into The Green ~ The Dollar continued to rally today after being in a downward trend since the pandemic started. This has put pressure on commodities such as Gold which is priced in dollars. The equity market has been sensitive to dollar shifts … Continue reading
D&D Note (8.31.2020) ~ DOW And S&P 500 Close Out Best August Since 1984 & 1986 Despite Mixed Finish Today ~ Markets record the best August since 1984 for the DOW and since 1986 for the S&P 500. Historically a strong August is followed by a weak September. One of the main reasons being light … Continue reading
D&D Note (8.18.2020) ~ S&P 500 Closes At New All Time High Of 3389.78 Recouping Pandemic Losses ~ Markets gapped up on the open but the fell into the red early in trading on comments that Treasury Secretary Steven Munchin made saying Democrats unwilling to strike ‘reasonable’ relief deal. This left the DOW trading in … 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 (6.3.2020) ~ Don’t Fight The FED, Greatest 50-day Rally In History of S&P 500 ~ The stock market is forward looking and is a discounting mechanism. While as a human this is absolutely a horrible time for humanity, computers that drive the markets don’t have feelings. The old adage holds true Don’t Fight … Continue reading
D&D Note (5.23.2018) ~ Dovish FED Minutes Boost Stocks ~ #StockMarket #FED Rarely does the release of the FED minutes move markets, this was not the case today. Stocks got a boost to rally into the close following the FED minutes from the last FOMC meeting. The catalyst for the move was the statement of … Continue reading
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