Diamonds and Dogs

6/25/20

The big banks look strong. JP Morgan Chase (JPM) is up 3% as FDIC aims to ease restrictions from the Volcker Rule to give banks more flexibility. The banks should have the results of their annual stress test soon. They are going through a real life stress test the last several months.

Boeing (BA) lower on a downgrade. Boeing is down a percent on downgrade to a sell and a $150 price target as near-term pressures has created elevated risks for Boeing's flagship aircraft 737 max. Longer term the analyst believes the buyers will come back.

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.