Jamie Dinan

June 14, 2017

The major stock market averages opened higher despite a weak retail sales report. The Dow and SPX are currently up 9 pts & .2%, respectively. The Nasdaq is up .3%. The defensive sectors are catching a bid for a change (real estate, utilities, consumer staples). Financials is the only sector in the red after some less than stellar earnings reports. WTI crude is trading up around $46.45/barrel. Bonds are sharply higher in price, lower in yield after a soft inflation report. The 5- and 10-year Treasury note yields dipped to 1.86% & 2.32%, respectively. 


*The foregoing content reflects the author's personal opinions which may not coincide with the opinions of the firm, and are subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that these statements, opinions, or forecasts provided herein will prove to be correct. Past performance is not a guarantee of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. All investing involves risk. Asset allocation and diversification does not ensure a profit or protect against a loss. Finally, please understand that–as with other social media–if you leave a comment, it will be made public.

October 19, 2016

Stocks opened higher as the market continues to digest quarterly earnings announcements. The Dow and SPX are currently up 67 pts & .26%, respectively. The energy sector is up over 1.7% in early trading. Gold miners and banks are up as well. WTI crude oil climbed back over $51/barrel this morning. In fact, oil briefly touched a 15-month high of $51.72/barrel. Bonds are slightly higher as well, with the 5-year Treasury yield down to 1.22% and the 10-year trading at 1.74%. 


*The foregoing content reflects the author's personal opinions which may not coincide with the opinions of the firm, and are subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that these statements, opinions, or forecasts provided herein will prove to be correct. Past performance is not a guarantee of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. All investing involves risk. Asset allocation and diversification does not ensure a profit or protect against a loss. Finally, please understand that–as with other social media–if you leave a comment, it will be made public.