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D&D Note (6.16.2022) ~ Markets Fall to New Lows as Investors Worry the FED will Induce a Recession ~ It was a sea of red today in the markets with selling starting in the Futures market causing the Indices to gap down at the open. The S&P 500 finished off the lows of the day … Continue reading
D&D Note (6.15.2022) ~ FED Pulls a Triple Hike and Markets Rally ~ The FED raised interest rates today by 75 basis points, a triple hike of three quarters of a percent. This is the largest rate hike since 1994. With todays hike that puts the current FED fund rate around 1.6%. The new Dot … 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 (6.7.2022) ~ 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 (6.3.2022) ~ 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
D&D Note (6.2.2022) ~ Markets Rally Despite Microsoft & FED Fears ~ Markets began the day down on news from Microsoft cutting Q4 guidance on unfavorable FOREX rates. The company cut its Q4 sales about 1% to $51.94B to $52.74B. Earnings range also cut by 4c or about 1.7%. And expects additional $460 impact from … Continue reading
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