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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

4/16/19

Blackrock (BLK) melting up. The world's largest asset manager, Blackrock is up 3% to a six month high following better than expected earnings. The CEO, Larry Fink said there is a better chance of a "melt up" in stocks than a meltdown, because there is a record amount of cash on the sidelines and investors are underinvested in the stock market at a time when central banks are "more dovish than ever."

A bad reversal for UnitedHealth Group (UNH). The nation's largest health insurer is down 5% after opening up 3% following better than expected earnings. Besides beating earnings estimates, United also raised guidance, but that didn't help the stock from falling to a new 52 week low. The 2020 presidential contender Bernie Sanders called out UnitedHealth recently saying to CEO Steve Nelson that when he is in the White House UnitedHealth's greed will end.

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.