Market 2018-04-11 (FED & Banks, Syria War, and more)

The market is lower after the president threatened Russia and Syria in tweets this morning. Bulls failed to take indices higher, especially after FOMC minutes.

FOMC minutes from March 20-21 lean hawkish, making investors worry about faster interest rate hikes. Dollar recovers from early loss (UUP -0.08%), Gold gives up half of its early gains (GLD +0.77%). Gold miners continues to rally, NUGT +6.6% (DUST -6.3%). USO +1.5%, as Mideast is in the shadow of war.

Worst in Dow 30: BA -2.2% (was best yesterday). BA has become a measuring tool for the market recently. Best in Dow: XOM +0.5% and CVX +0.3%, MCD +0.4% (the only three in green).

Winners

FB +0.8% keeps bouncing back. The House Energy and Commerce Committee has taken a recess after 3.5 hours of testimony from Mark Zuckerberg, after 5 hours from Senetes yesterday.

Energy sector is benefited from higher crude price, XLE +1%. Airlines are affected inversely (Jet Fuel price worries) JETS -1.6%.

Consumer price data released today showed a healthy gain for hotel and motel rates in March. Hilton Worldwide Holdings (HLT) +6%, CHH +2%, WYN +2% H +2.1%...

Applied Optoelectronics (AAOI +14.8%) higher after bullish Rosenblatt commentary.
Rivals: LITE +4.4%, FNSR +1.3%...

 MAT +6.5% as Jefferies sees fair value on Mattel, keeping $13 PT. HAS +1.5%.

Losers

A new "stress capital buffer" might raise capital requirements for certain lenders (XLF -1.2%). The Fed last night announced proposed changes to its annual stress test procedures. Nomura's Steven Chubak estimates Goldman Sachs (GS -1.4%) and Morgan Stanley (MS -2.5%) might each have to retain additional capital. More commercially-focused banks like Citigroup (C -0.8%), Bank of America (BAC -1.8%), WFC -1.3%, and JPMorgan (JPM -1.7%) should be less affected.

Airlines get bashed due to "higher fuel price", AAL -4.3%, UAL -4%, DAL -1.7%, LUV -1.2%...

My Trades Today

Sold 1/4 RUBI @ $2.24

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