Diamonds and Dogs
12/31/24
Oil finished the year on a high note, but negative for the year and negative for a second straight year. Oil rose 1.1% to $71.78 a barrel today. Exxon (XOM), Chevron (CVX) and the rest of the large cap oil stocks rose over 1% to end the year.
Bitcoin fell a percent to end the year but rose over 100% along with a number of big cap tech stocks on the year. MicroStrategy (MSTR), a US software company with the largest holding of bitcoin rose over 400% making its founder a billionaire.
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.