D&D Note (8.25.2020) ~ Markets Mixed With Apple Dragging Down DOW While S&P 500 And NASDAQ Rally To New All Time Highs ~ Before we get to market news, once again we have seen extreme injustice to another unarmed black person with Jacob Blake being shot 7 times in the back in front of his … 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 (8.20.2020) ~ Tech Lifts Markets But Lack Of Breadth In Todays Rally Keeps S&P 500 Below Record High ~ Yesterday we saw markets fall post the FED minutes release which the FOMC walking back providing guidance in their upcoming September meeting. US Jobless claims tick higher with 1.1 million new claims. The uptick … Continue reading
D&D Note (8.18.2020) ~ S&P 500 Closes At New All Time High Of 3389.78 Recouping Pandemic Losses ~ Markets gapped up on the open but the fell into the red early in trading on comments that Treasury Secretary Steven Munchin made saying Democrats unwilling to strike ‘reasonable’ relief deal. This left the DOW trading in … Continue reading
D&D Note (8.17.2020) ~ S&P 500 Flirts With Record High But Closes Just Shy ~ The S&P 500 flirted with all time highs throughout the day trading above the record high multiple times intraday. Volume was low as usual during August. The Index failed to close above the all time high. Tech powered the rally … Continue reading
D&D Note (8.13.2020) ~ Still No Relief Deal The Rotation Back Into Tech Pushes Markets Near All High Time Highs Before Pairing Gains ~ Markets traded briefly above the all time high (3386.15 on the S&P 500) during intraday trading but pulled back in the afternoon session giving up gains. Despite which side of the … Continue reading
D&D Note (8.11.2020) ~ Stocks Sell-Off Late Day With Stimulus Impasse And Gold Falls Most in 7 Years ~ Markets continued to see mixed trading as the rotation into cyclical stocks out of tech stocks continued for a second day. The NASDAQ sees its 3rd straight day of losses which hasn’t happened since March. The … Continue reading
D&D Note (8.10.2020) ~ Rotation In Stocks The Relief Bill Talks Stalls And Questions Surround Executive Orders ~ Today we saw a rotation in markets out of Tech stocks and into Industrials and Retail stocks. There is still no bill yet in Congress for Stimulus Relief, but Munchin says deal could be reach this week. … Continue reading
D&D Note (8.6.2020) ~ Stock Stage Afternoon Rally On Hopes Of New Stimulus Relief Bill ~ There is still not a new Stimulus Relief Bill however, Nancy Pelosi says there is progress on negotiations ahead of the self imposed Friday deadline. This was enough hope that a bill will get passed to lift markets in … Continue reading
D&D Note (8.4.2020) ~ Stocks Drift Sideways As Congress Negotiates Relief Bill And Gold Closes Above $2000 ~ Stocks traded roughly flat on the day as Congress continues to drag negotiations along on the next Relief Bill. Mitch McConnell has taken the back seat and has said he is “prepared to support” whatever agreement is … Continue reading