Diamonds and Dogs

3/14/23

Relief rally in the banks. Regional banks like PacWest Bancorp (PACW) is up 30% today as the FDIC moves to bolster support and confidence in the banking industry. Pac West has seen notable insider buying over the last couple of days worth over $566,000.

Airlines paying up for their pilots and workers. United Airlines (UAL) is down 6% after lowering first quarter guidance due to the new collective bargaining agreement. The price of oil is down over 3% today to a nine week low. This should help the airlines some.

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.