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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

5/13/19

Ugly day for the broader market. The utility sector (XLU) is up nearly a percent as money shifts to defensive sectors.  Gold and other metal stocks are higher as well. Alamos Gold (AGI) is trading up 6%. Even Bitcoin is trading higher today. Everything else, pretty much lower.

Escalation of the trade tariffs hitting the major averages hard, now down 2-3%, worst day since the start of the year. The Semiconductor index (SOX) which relies on business in China is down 4%. The tech sector (XLK) and the Nasdaq are down 3%. But every sector is lower other than the Utilities.

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.