Diamonds and Dogs
Consumer staples holding in there. P&G (PG), General Mills (GIS) and Hormel (HRL) are modestly higher today. The S&P 500 is in bear market territory with concerns of a recession growing has pushed money into consumer staples like canned foods, toiletries, and other indispensable products that everyone buys no matter the economic environment.
KB Homes (KBH) taking a hit. The home builder is down 10% as all-time high home prices, mortgage rates at a 20-year high and an economy that moves closer toward a recession is not a good recipe or environment for home builders or new home buyers.
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.