Diamonds and Dogs


The insurance stocks are bouncing back. Travelers (TRV) is leading the Dow higher on 9/11 up nearly 3% as Hurricane Irma, while very severe and destructive, was less damaging than feared. Hurricane Irma has now been downgraded to a tropical storm. However, Irma could still be in the top 5 for most costly U.S. hurricanes.

Profit-taking in Home Depot (HD) and Lowes (LOW). Home Depot and Lowes will be very busy in Texas and Florida for the next six months or more. Lowe's has shipped more than 1,100 truckloads of critically needed supplies to the Houston area. Lowe's also shipped emergency supplies into Florida in advance of Hurricane Irma. Lowe's shipped more than 1,600 truckloads of hurricane supplies to Florida in the last two weeks. Not sure if there is enough plywood to go around.

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.