Greece

The DJIA fell 543 points while Nasdaq was down 238, the S&P 500 fell 74 points and the 10-year treasury yield was down .05 to 3.93%. There were a lot of reasons for the equity markets to go down today but the selling really accelerated after President Biden unveiled his budget. While the budget may have triggered selling, the concerns about banks should […]

The DJIA was up 36 points, Nasdaq was down 116, the S&P 500 fell 24 points and the 10 year treasury yield is knocking on the door of 4%, up .05 to 3.94%. Lodging stocks were modestly lower. SOND was the only big mover, down -7%. Truist Securities reported on investor meetings they held with Playa Hotels & Resorts management. Demand trends were among the most […]

The DJIA surged 515 points, Nasdaq was up 361, the S&P 500 was up 88 and suddenly the 10 year treasury yield is calm and the indexes are nuts again, down .01 to 2.79%. Lodging stocks were higher. The biggest mover was SOND, up 15%. STR said US Lodging RevPAR was up 12.2% year over year for the week ended 8/6.  RevPAR was up 9.3% […]