D&D Note (7.27.2022) ~ FED Raises Interest Rates by 75 Basis Points and Markets Take Off in Rally Mode ~ Stocks begun the day in rally mode following the strong gains in Alphabet and Microsoft in last nights after-hours trading. Both companies reported earnings after the bell yesterday and both actually missed earnings expectations, however … Continue reading
D&D Note (6.30.2022) ~ Markets Finish the Worst First Half to Year Since 1970 ~ Large selling of US stocks came from Europe causing the markets to gap down to open with the S&P 500 down nearly 3% to start the session. As European markets closed the US indices began a claw back from the … 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 (12.14.2020) ~ Renewed Lockdowns Across Globe And New Virus Variant Identified In UK Stall The Reopen Trade Even As Vaccine Rollout Begins ~ Both the DOW and S&P 500 saw a flagging top chart pattern today with an early rally from the start on vaccine rollout that stalled out throughout the day as … Continue reading
D&D Note (11.9.2020) ~ Joe Biden Election Win And Pfizer Vaccine Results Sends Markets Higher ~ Markets immediately went up day over day post last Tuesdays election with President-elect Joe Biden’s win and the Senate looking to remain in GOP control. This creates political gridlock which causes more certainty in the markets thus the rally. … Continue reading
D&D Note (8.24.2020) ~ Markets Rally To New All Time Highs With Reopen Trade + Stay At Home Trade Both Gaining ~ Markets gapped up to open on the Covid-19 convalescent plasma treatment fueling hope to push to new all time highs. However, scientists are doubting it as an effective treatment for patients with Coronavirus. … Continue reading
D&D Note (7.1.2020) ~ New Quarter Begins With Another Vaccine Related Hope Rally ~ The 3rd quarter began today seeing markets rally on Hope with vaccine news over shadowing surging Covid-19 concerns. Pfizer announced positive vaccine results on early stage human trials. PFE rose 3.18% on the day. This while the US has second-highest day … Continue reading
D&D Note (8-7-2012) The stock market rally continued today after stronger jobs number on Friday and hopes that the ECB will buy Spanish and Italian government debt. Boston FED President Eric Rosengren called for “more substantive action than we’ve taken to date.” Meaning a more open-ended monetary policy of bond purchasing – or commonly known … Continue reading