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D&D Note (7.15.2022) ~ Stocks Get a Friday Relief Rally with Green Across the Screen ~ Stocks had a broad based relief rally today with all sectors finishing the day in the green along with the major US Indices. Another round of bank earnings came out this morning with Citigroup soaring 13% after they beat … Continue reading
Today was Quadruple Witching (the simultaneous expiration of stock index futures, single-stock futures, stock options and stock index options) and was the highest level of contracts expiring since 2020. As the price of in the money contracts turned out of the money today that created a Gamma Squeeze making an artificial pop in the markets. … 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 (6.8.2022) ~ 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 (6.7.2022) ~ 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
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
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
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