Diamonds and Dogs
Microsoft (MSFT) and the S&P 500 are trading at new all-time highs. Microsoft is up 2% lifting the major averages after being awarded the $10 billion cloud-computing contract from the Defense Department. Microsoft beat out rivals Amazon and Oracle to modernize America's armed forces and maintain military's technological advantages.
No solution to the wildfires in California. Utility company, PG&E (PCG) is down 18% after falling 36% last week as the company will conduct its fourth massive blackout this month to keep its electricity lines from sparking any additional blazes. Almost 200,000 people were forced to evacuate the Sonoma County's famed wine country in the North while fast-spreading blazes in the South are prompting residents in the ritzy parts of Los Angeles to flee their homes including Lebron James.
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.