Diamonds and Dogs


First Republic Bank (FRC) on a wild ride. After opening down 20%, First Republic is higher as reports are coming in that several banks have committed to provide deposits to Republic in the amount of roughly $27.5 billion or more to provide liquidity, but no equity rights. 

Ooh Snap (SNAP). The owner of Snapchat is up 7% on reports the Biden administration has told its Chinese owners to sell their stakes in the popular video-sharing app or face a ban in the U.S. The prospects of a ban would not happen anytime soon, but the beneficiaries or social-media stocks in the US like Snap, Meta Platforms and Pinterest are higher.

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.