Diamonds and Dogs

4/12/24

Oil prices and energy stocks are higher as Israel prepares for a possible direct attack by Iran. Oil is higher by 2.5% to a six-month high. Exxon (XOM) is up a percent while Occidental (OXY) is up 2.5%.

JPMorgan Chase (JPM) is taking a hit down 5% on earnings. The earnings were better than expected, but net interest income, a key measure of what it makes through lending activities, could be a little short of what Wall Street analysts are expecting in 2024. CEO Jamie Dimon also warned about persistent inflationary pressures weighing on the economy.

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.