Diamonds and Dogs
What correction? Peloton (PTON) rose 7% as rising cased of COVID-19 sent investors back into the stay-at-home plays. Not sure this will work long term, but it worked today.
Vacation on hold again? The Delta Covid variant has become the dominant strain in the United States, and some regions in the United States are reinstating some of the earlier lifted restrictions. Los Angeles, for instance, has reinstated the indoor mask mandate while the Southern Nevada Health District is asking people to also wear masks indoors as the cases increase across the state. Travel and leisure took a hit on this news with Boeing (BA) down 5% to a five-month low. The airlines and cruise ship stocks took a hit as well. Here we go again.
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.