Diamonds and Dogs

10/28/24

Bank of Hawaii (BOH) is up 9% following strong earnings. Credit losses declined in the quarter. The financials continue to perform well even as interest rates continue to back up. The 10 year Treasury is back to a three month high even after the Fed lowered rates by a half a percent last month.

The price of oil is down 5% near the October lows, its worst day in nearly two years, as the airstrikes by Israel against Iran did not target oil or nuclear facilities and seemed to do minimal damage in the country. The energy sector is the worst sector today down 0.77%.

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