Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

11/30/16

The banks and the oil stocks look great, but Fannie Mae (FNMA) and Freddie Mac (FMCC) are stealing the show. Both Fannie and Freddie are jumping over 40% on rumors the new Treasury secretary, Steven Mnuchin in the Trump administration will look to return the government conservatorship companies to private ownership in a timely fashion. Good news for hedge funds and private equity firms that bought up the stocks over the last number of years.

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.