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 (7.20.2022) ~ Tech Stocks Rally as Investors See Early Earnings Multiples Holding Up ~ Earnings are ‘OK’ so far as we head further into earnings season helping stocks to continue their rally. Roughly 12% of the S&P 500 companies have reported earnings and so far 68% have beaten analyst expectations. We just have … Continue reading
D&D Note (7.18.2022) ~ Apple News of Slowing Hiring & Spending Fizzles Todays Rally ~ Stocks started todays session with a continuation of last weeks rally on the back of bank earnings. The 2 Year Note continues to be a main directional driver of the overall stock market. Today we saw a slightly weaker dollar … Continue reading
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
D&D Note (7.8.2022) ~ Stocks Whipsaw Throughout Session with NASDAQ Notching 5-Day Win Streak ~ Markets struggled for direction today whipsawing between gains and losses. Declining Volume on the NYSE was 1,733,751,882 outpacing Advancing Volume of 1,337,514,584. The DOW and S&P 500 finished slightly down with the NASDAQ closing in the green slightly, overall markets … Continue reading
D&D Note (7.6.2022) ~ FED Minutes Spark Late Day Rally ~ Treasury Rates where volatile today swinging the overall markets. Post the FED minutes release bond yields reversed to 2.93% on the 10 Year Note and stocks rallied in the last hour of trading. Markets gave back some of the gains but finished in the … Continue reading
D&D Note (7.5.2022) ~ The 2-10 Year Spread Inverts Again and Oil Falls Below $100 ~ Stocks gapped down big to open the day after the holiday weekend but rallied back during the day led by tech stocks. The NASDAQ turned positive midday and ended firmly in the green while the DOW finished well off … Continue reading
D&D Note (6.29.2022) ~ Stocks Struggle for Direction Swinging From Gains to Losses Throughout the Day ~ Stocks struggled for direction today with the S&P 500 hovering around the flatline drifting slightly up and down every hour throughout the day. This as the S&P 500 is near key support. The overall market is set to … Continue reading
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 (6.10.2022) ~ 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