Diamonds and Dogs

6/24/24

The price of oil is up a percent today as tensions simmer in the Middle East. Oil and gas demand should rise heading into the fourth of July and the start of the summer driving season. Exxon (XOM) and Chevron (CVX) are both up over 2% today.

Sector rotation continues into the quarter end as Nvidia (NVDA) drops 5% today and down 11% from the highs set last week when the company and stock briefly moved ahead of Apple and Microsoft as the most valuable company in the US. Even with the pullback, Nvidia is still up 150%.

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