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D&D Note (6.22.2022) ~ Stock Rally Fades to End Slightly Down ~ Markets gapped down to open then attempted to rally into the day to only fade at the close to end the session slightly in the red. FED Chair J. Powell testified in front of the Senate today and reiterated that the FED is … Continue reading
D&D Note (6.14.2022) ~ Markets Now Expecting 75 Basis Point Rate Hike Tomorrow ~ Overnight futures rose 1% but gave back the dead cat bounce in todays session after a choppy up and down day with both the DOW and S&P 500 falling further into the red. The 10 Year Note hits highest yield in … Continue reading
D&D Note (6.13.2022) ~ Markets Hit New Low of 3749 on S&P 500 as Investors Look Ahead to Wednesdays FED Meeting ~ We saw a broad based selloff today with all sectors finishing in the red. The S&P 500 put in a new low of 3749.63 putting us officially into a technical Bear Market (which … 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 (6.3.2022) ~ 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
Stocks started the day in the green and then lost steam to hit the lows of the day during the lunch hour and then modestly clawed back to finish off the lows but still in the red. The FED and the war in Ukraine are setting us up for an “Economic Hurricane” said JP Morgan … Continue reading
D&D Note (5.31.2022) ~ FED Chair Powell Meets with President Biden to Discuss Inflation ~ The markets gapped down to open today in the red after last Fridays rally. Throughout the session stocks attempted to stage a rally and got back in the green briefly before falling back down in the last hour of trading. … Continue reading
D&D Note (5.27.2022) ~ Stocks Continue to Rise with Inflation Showing Deceleration ~ The markets biggest worry right now is inflation, so when we got a positive read in todays report stocks took off to rally. But is this just an oversold bounce with month end rebalancing? The Core Personal Consumption Expenditures Price Index rose … Continue reading
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