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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

3/4/20

UnitedHealth Group (UNH) and the rest of the healthcare sector lead the rally following the Super Tuesday results. UNH is up 10% back near the highs of the year after Joe Biden nearly swept the Super Tuesday Democratic primaries over self-declared socialist Bernie Sanders. The surprise Fed rate cut yesterday helped the markets overseas markets last night easing concerns here this morning.

Common theme among the dogs. Airlines, Casino stocks, cruise ships, hotels and other travel stocks have been hit hard. The World Travel and Tourism Council is estimating a $22 billion impact to the travel industry just with China. And 90% of the financial impact will come form consumers taking precautions to avoid exposure to the coronavirus. Marriott (MAR), Carnival (CCL) and MGM (MGM) are all down over 2% today at new 52-week lows.

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.