Diamonds and Dogs

4/2/24

Commodities are rising again. Oil rose a percent as Exxon Mobil (XOM) rose 2%. Oil cracks $85 a barrel back to the October highs as Brent Crude is up to $88 a barrel. Brent crude has been in a narrow range between $75 and $85 per barrel since the start of the year.

Health insurers are taking it on the chin. UnitedHealth Group (UNH) , Humana (HUM) and CVS (CVS) all fell over 6% after the Centers for Medicare & Medicaid Services finalized the 2025 rate announcement for Medicare Advantage and prescription drug coverage which could cause higher payments to seniors later in the year.

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.