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D&D Note (7.14.2022) ~ Bank Earnings Disappoint but Markets Claw Back From the Lows ~ Banks reported earnings this morning and while not horrible they did disappoint investors and the markets were considerably down to start the day. Then FED Governor Waller calmed traders a bit by saying the market is “getting ahead of itself” … Continue reading
D&D Note (6.21.2022) ~ Markets Rally Off Oversold Conditions & Bitcoin Stabilization ~ With markets closed yesterday in the US for Juneteenth it was Bitcoin that stole the show and directed market futures on wild swings with nearly a correlation of 1 (meaning all assets moved together). Bitcoin dropped as low as $17,663 on Saturday … 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 (5.26.2022) ~ Markets Rally On Strong Retail Earnings ~ Investors sighed a bit of relief after a spout of recent Retail Earnings beating on earnings. Many were worried about the American consumer after the disappointing Target and Walmart earnings. Last night Williams Sonoma reported and smashed same store sales boosting the stock 15% … Continue reading
D&D Note (5.8.2020) ~ Markets Continue to Rally Despite 20.5 Million Jobs Lost in April ~ Markets are clearly not phased by historic jobless numbers. 20.5 million jobs lost in April with the unemployment rate jumping to 14.7%. Right now the market is pricing in transitory joblessness. But the jury is still out on how … Continue reading
D&D Note (4.29.2020) ~ Remdesivir Lifts Markets… Again ~ The market today trades on a glimmer of good hope. Case in point we have already seen a lift from the Gilead (GILD) drug Remdesivir before on positive news. Then fell due to negative news on the drug. Today we once again got a lift from … Continue reading
D&D Note (4.22.2020) ~ Stocks Rally On Congressional Stimulus and Oil Rebound ~ Congress replenishes the PPP SBA program with an additional $320 Billion. The Congressional Stimulus coupled with an Oil rebound helped stocks rally with Mega Cap and Energy stocks gaining on the day. However the market gains were capped throughout the day struggling … Continue reading
D&D Note (2.9.2018) ~ Late Day Rally Off 200 Day Moving Average ~ Markets started the day in the green before what appeared to margin call pressure in the afternoon when the traders caught in the short VIX trade get liquidated and the markets all fell. We dropped down to the 200 day moving average … Continue reading
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