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D&D Note (7.7.2020) ~ Investors Take Profits After 5 Day Rally Sending Stocks Lower ~ The U.S. markets had enjoyed a 5 day rally but that streak came to an end today as investors decided to take profits. The selling intensified as we headed into the close of trading and indices closed on the lows … Continue reading
D&D Note (7.6.2020) ~ Global Rally Carries Over Into US Trading Pushing Up Markets & Tech Stocks ~ The MSCI gained 2.59% led by major buying in the Chinese markets, some would even say panic buying on China based ETFs with the biggest gain since 2009. The global market rally carried over into the US … 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 (7.1.2020) ~ New Quarter Begins With Another Vaccine Related Hope Rally ~ The 3rd quarter began today seeing markets rally on Hope with vaccine news over shadowing surging Covid-19 concerns. Pfizer announced positive vaccine results on early stage human trials. PFE rose 3.18% on the day. This while the US has second-highest day … Continue reading
D&D Note (6.30.2020) ~ Markets Rally With Risk On DOW Ends Best Quarter Since 1987 ~ The major indices all rallied today in a classic risk on feel with the DOW closing out the best quarter since 1987. The S&P 500 saw its best quarter since 1998 while the NASDAQ had its best quarter since … Continue reading
D&D Note (6.29.2020) ~ Stocks & Oil Gain On Better Than Expected Economic Data ~ Surprise positive economic data helped boost markets and oil today despite the weakening Coronavirus data. Pending Home Sales posted a record gain exceeding all forecasts. Although much of the improvement in economic data came from states beginning to reopen from … Continue reading
D&D Note (6.26.2020) ~ Markets Selloff Due To Increasing Covid-19 Cases ~ Markets immediately after opening gave back all gains from yesterdays late day rally (perhaps late day short covering causing yesterdays last minute heroics). Throughout the day stocks drifted lower and lower. The major indices all closed on the lows of the day. The … Continue reading
D&D Note (6.25.2020) ~ Mystery Rally In Last Hour Pushes Markets Higher ~ Markets opened the morning falling down then traded up to even. Throughout the day stocks traded relatively flat as investors digested the latest Covid-19 news. In the final hour of trading we suddenly took a leg up across the major indexes seemingly … Continue reading
D&D Note (6.24.2020) ~ Covid-19 Cases Surge Sending Stocks Down And Volatility Up ~ Today markets woke up to the reality that Covid-19 is not going away and is rather surging to record highs in America. The 7-day average of cases has now gone back up to 30,000 a day which we had not seen … Continue reading
D&D Note (6.23.2020) ~ Futures Market Shocked By Peter Navarro “It’s Over” While Cash Trading Rallies On PMI Data ~ Last night during futures trading we got a massive shock when coming across the newswire that Peter Navarro in a Fox News report said the China trade deal “Is Over.” Immediately global markets took an … Continue reading
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