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 (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 (9.10.2020) ~ Yesterdays Dead Cat Bounce Turns Back Into Selloff Today As Stimulus Bill Fails ~ Usually a selloff lasts 3 days (hence the 3 day rule) then you get a dead cat bounce (which we got yesterday) followed by a resumed selloff (which we got today). That is exactly why D&D took … Continue reading
D&D Note (4.24.2020) ~ Tech and Oil Push Markets to Rally Into Close ~ Markets begun the day a bit tepid and briefly fell into the red before staging a solid rally in the afternoon session. The Tech sector and Mega Cap Tech stocks helped lead the rally along with the continued rebound in Oil. … Continue reading
D&D Note (5-3-2012) What will be the hottest IPO since Google (GOOG) is the upcoming IPO of Facebook. The social networking site set the IPO price range at $28 – $35. If valued at the high end of $35 that would value the company at 75 billion which is less than the expected $100 billion. … Continue reading