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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

4/29/19

Sector rotation into the banks. The financial sector is up 1.4% leading the broad market rally. Citigroup (C ) is leading the charge up 3%. JP Morgan, Goldman Sachs, Charles Schwab and Bank of America are all up over 2%. No news on the sector. CNA Financial (CNA) is higher after reporting better than expected earnings.

Truckers under pressure. C.H. Robinson Worldwide (CHRW) is down 7% along with the rest of the trucking sector after Amazon announced it is entering the truck brokerage business—which matches shippers with truck drivers. FedEx and UPS would also suffer from this move, but both stocks are higher. Uber Technologies (UBER) is also creating software platform to connect shippers and truck drivers. Looks like more competition.

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.