Diamonds and Dogs


Financials reign supreme. The financial sector jumped 3% to a new 52 week high on rumors the Trump team will work to dismantle the Dodd-Frank Act. It's true Trump will be good for the financials, but maybe we're pricing in too much optimism. JPMorgan is up 8% in two days, Goldman Sachs is up 8% in two days, Wells Fargo is up 13% in two days, while local bank, NBT Bancorp is up 12% in two days. Amazing rally.

 Boring isn't beautiful. The Dow Jones made new all-time highs, but the slow grow Utilities, Consumer Staples, and Telecoms are taking it on the chin. The three best performing sectors for the first half of the year are not in favor anymore. The Utilities were down 2%, the Telecom stocks were down 2% and Consumer Staples like P&G was down 3%, Phillip Morris was down 4%, Altria was down 3%, and Coke fell 3%.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.