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D&D Note (7.23.2020) ~ Markets Drop Led By Tech As Jobless Claims Rise ~ Markets snapped a 4-day win streak today with all major indices falling on the day and VIX rising back above 26. Jobless claims rise showing we are not out of the woods yet due to the ongoing pandemic. This was the … Continue reading
D&D Note (7.2.2020) ~ Surprise Unemployment Drop Boosts Stocks Before Long Holiday Weekend ~ Markets gapped up on the open on the surprise unemployment drop to 11.1%. But this is a lagging number and does not factor in the recent re-closing of states so current number is likely higher. Many economists foresee double digit unemployment … Continue reading
D&D Note (6.18.2020) ~ Markets Struggle For Direction End Day Flat ~ Economic data is trending better but will it continue or deteriorate? Unemployment remains high but will congress extend unemployment benefits? Covid-19 cases are increasing in many states but will we see lockdowns again? There are so many questions right now that could go … Continue reading
D&D Note (5.21.2020) ~ Markets Trade Down On Unemployment Data Along With US/China Tensions ~ Stocks in the U.S. began the day in the green then fell into the red on unemployment data showing another 2.4 million Americans filed for unemployment. In the past nine weeks there have been 38 million Americans filing jobless claims. … 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 (4.23.2020) ~ Gilead Deflates the Rally and 26 Million Jobless Claims ~ Markets opened with a rally then an accidental published news from the WHO on Gilead drug Remdesivir brought markets straight down. The news was the possible Covid-19 treatment did not improve patients’ condition. Gilead pushed back saying the study was terminated … Continue reading
D&D Note (4.3.2020) ~ Jobs Report is… Horrible ~ Markets started the day in positive territory but after the first 45 minutes stocks began to drop and continued to fall throughout the day after a horrible jobs report. Traders also don’t like going long into a weekend when clouded with uncertainty. Lows of the day … Continue reading
D&D Note (3-29-2012) Best Buy announced they are closing 50 American “Big Box” stores and opening new stores in China. This looks early similar to the death spiral that was Circuit City. The likes of Amazon is destroying large square foot stores like Best Buy, and Wall-Mart for that matter. Best Buy stock fell 6.95%. … Continue reading
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