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Federal Reserve Regional Presidents stock trading – Dallas Kaplan the big swinger

  
  Analysis

The Wall Street Journal have published a piece on the 2020 stockmarket trading of Fed officials.

  • 11 of the 12 regional Fed banks have provided disclosures of their leaders’ 2020 financial profiles
Dallas Fed President Mr. Kaplan had a total of 27 individual stock, fund or alternative asset holdings each valued at over $1m
  • Kaplan made some combination of sales or purchases of over $1 million in 22 individual company shares or investment funds, including Apple, Alibaba Group Holding Ltd. , Amazon, General Electric Co. and Chevron Corp.
  • Kaplan used to work for Goldman Sachs for more than two decades
The WSJ article adds:
  •  other regional Fed leaders who reported more modest financial holdings and smaller transactions.
There are rules and regs regarding personal trades in place for Fed officials.
fed dallas kaplan

NASDAQ record close. S&P and Dow down.

  
Analysis, US Market

Mixed results for the major indices

The NASDAQ index closed at another record high. The S&P and Dow industrial average did not fare as well.  Each closed lower with the Dow industrial average the worst performer of the 3 major indices.
The final numbers are showing:
  • Dow industrial average fell -269.11 points or -0.76% at 35100
  • S&P index fell -15.4 points or -0.34% at 4520.02
  • NASDAQ index rose 10.82 points or 0.07% at 15374.33
  • The Russell 2000 index fell -16.44 points or -0.72% at 2275.61

Looking at the various sectors, the gainers today included:

  • Communication services, +0.45%
  • Discretionary, +0.37%
  • Technology, +0.03%
The biggest losers included:
  • Industrials, -1.77%
  • Utilities, -1.36%.
  • Real estate, -1.13%.
  • Consumer staples -1.08%
The drags on the Dow today included:
  • 3m, -4.53%
  • Honeywell, -2.39%
  • Amgen, -2.17%
  • Coca-Cola, -1.87%
  • Boeing, -1.8%
Gainers in the Dow 30 included:
  • Disney, +1.86%
  • Apple, +1.56%
  • Visa, +0.52%
  • Intel, +0.26%
  • American express +0.24%
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