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Europe: +44 (0) 207 198 1634 Equities and the Economy In Friday’s Blog I stated that it looked like U.S. stocks on Thursday were gaining traction. Well on Friday they were like John Force at Lucas Oil Raceway screaming down the track at top speed and crossing the finishing line on their highs of the day. The Dow went ballistic closing […]
Equities and the Economy Just like the tires of your car for you in the northeast gaining traction with the ice melting, the U.S. equities market just might be gaining some traction. Yesterday the Dow rose a nice 126 points, 0.79%, to 16,070, the S&P 500 added 10, 0.53%, ending at 1,893 and the Nasdaq […]
Equities and the Economy The big news affecting the market yesterday was what the FOMC would say in its post meeting communique at 2:00 PM EST. As a matter of background, the message the Fed was sending in December 2015 was there would be multiple (4?) interest rate increases in 2016. Then oil prices and […]
Equities and the Economy Just as generals ordered their men in the Civil War to “hold the line” so did the S&P 500 1,862 to 1,869 “line” of support hold with equities strongly bouncing off that level and putting in a great performance yesterday. The Dow rose a big 282 points, 1.77%, finishing at 16,167, […]
Equities and the Economy U.S. equities weren’t trading too badly for most of the day being marginally negative, until the last two hours and then it got ugly with selling coming in hard. At the bell the scorecard read Dow down 208 points, 1.3%, at 15,885, the S&P 500 off 30, 1.6%, to 1,877 and […]
Equities and the Economy Thursday we stopped falling and Friday we had a nice big up day for U.S. stocks with the Dow posting a very healthy 211 point, 1.33%, gain closing at 16,094, the S&P 500 adding 38 points, 2.03%, ending at 1,907 and the Nasdaq posting at big 119 point rise, 2.66%, to […]
Equities and the Economy After days of grief U.S. equities finally had a descent day with the Dow closing up 116 points, 0.74%, at 15,883, the S&P 500 up 10, 0.52%, to 1,869 while the Nasdaq closed flat to Wednesday at 4,472. Remember though that the Nasdaq performed relatively well during Wednesday’s Chernobyl so its […]
Equities and the Economy Waving the white flag. Throwing in the towel. Capitulation. All were done at 11:47AM Central time yesterday. That’s when the Dow was down a portfolio destroying 565 points from Tuesday’s close. Very fortunately we didn’t end there, although it was still a very, very ugly day. The Dow closed down a […]
Equities and the Economy Yesterday we went from euphoria to chagrin to whew. At this time yesterday Dow futures were up 227 points (euphoria) only to trade lower as the day went on and then going negative a little after 1 PM CST (chagrin) and then recovering in the last 45 minutes of the session […]
Equities and the Economy Yesterday the markets were closed so let’s review the last trading day, which was Friday. I’ll make this like ripping off the Band-Aid, quick and painful. The Dow fell 391 points, 2.39%, ending under 16,000 at 15,988 (we were over 18,000 last July), the S&P 500 lost 42 points, 2.18%, ending […]
