Diamonds and Dogs

7/6/21

Nice bump for the new CEO. Amazon (AMZN) is up 3% to a new recent high as Andy Jassy succeeds founder Jeff Bezos on the 27th anniversary of the founding of the company. Jassy, who has been with Amazon.com for 24 years, has been running the company's Amazon Web Services business. Bezos remains the company's executive chairman, largest shareholder, and astronaut-in-chief.

China does it again. The Chinese driving app (DIDI) is down 20% today after an IPO just last week. Another Chinese crackdown by regulators by the Beijing's Cyberspace Administration ordered app stores to remove the Chinese ride-hailing giant's services from its platforms on Sunday. Other Chinese US listed stocks are taking a hit as well.

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.