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Leigh Baldwin & Co.

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

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Diamonds and Dogs

1/3/17

Ford (F) is jumping on the Trump bandwagon. After President elect Trump went after GM this weekend, Ford made an announcement this morning saying they will no longer build a $1.6 billion plant in Mexico and instead invest $700 million in a plant in Michigan. The Ford CEO said it was due to slowing demand for their small car production, but the stock is up 4%.

Nvidia (NVDA) wants to go back to 2016. Nvidia finished out 2016 as one of the best or the best S&P 500 component. However 2017 has only brought sellers with the stock down 4.5%. A combination of a new year for taking profits and a downgrade last week from a prominent short seller has cooled investor enthusiasm for the graphic chip maker.

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.