Diamonds and Dogs


Upgrade for oil stocks. Devon Energy (DVN) rose 6% while Pioneer Natural Resources (PXD) rose 3% on upgrades. Bank of America is forecasting the possibility of $100 oil next year.

Cryptocurrency/bitcoin-exposed names are sharply lower on reports that Chinese authorities are furthering a crackdown on crypto mining by not allowing energy companies to provide energy to bitcoin mining while a number of Chinese banks were ordered to curb trading in bitcoin.  

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.