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Europe: +44 (0) 207 198 1634 Equities and the Economy Saying August 2015 was a lousy month would be an understatement for it was the worst for Wall Street since 2012 erasing some $5 trillion in global equity value. Unfortunately, September picked up right where August ended. All the major indexes suffered heavy, triple digit losses with investors fleeing riskier assets […]
Equites and the Economy Good morning. U.S. stocks ended August on a sour note with the Dow losing 115 points, 0.69%, closing at 16,528, the S&P 500 fell 17, 0.85%, to 1,972 and the Nasdaq was the big loser of the day falling 1.06%, 51 points, to 4,777. The month of August can be a […]
Equities and the Economy Good morning. U.S. stocks closed with a whimper on Friday. And I’ll take it. After two big up days and retracing back into my resistance area I was worried about sellers coming in especially with the weekend was coming up. The huge and rapid drop in the major indexes did very […]
Equities and the Economy Good morning. Yesterday we had a second consecutive great day on Wall Street with all the three major indexes closing materially higher. The Dow rose 369 points, 2.27%, ending at 16,654, the S&P 500 added 47 points, 2.4%, to 1,988 and the Nasdaq closed up 115, 2.5%, at 4,812. Global equity […]
Equities and the Economy Good morning. After six sessions of negative news, for that is how long this losing streak has lasted, I finally get to relay (and I bet you already know what I’m going to say!) U.S. equities had a good day. No, they had a great day! In fact, on a percentage […]
Equities and the Economy Good morning. Horrible, horrible, horrible price action yesterday. When I came in yesterday Dow futures were up 523 points. When I finished writing this Report the Dow had eased off to being up 283 points. When closing bell rang all the gains evaporated with the Dow finishing down 205 points,1.29%, at […]
Equities and the Economy This is not the déjà vu I wanted to see all over again. At least you have your health (hopefully!) because our 401K’s or portfolios continue to get pounded. Ugly is not a proper description for yesterday. Grotesque is a better word. Forget economic reports. Forget PMI’s. Forget housing starts. Forget […]
Equites and the Economy Good morning. Well it was a heck of a run! Folks you may not have realized it didn’t realize it but the way long overdue correction just happened, and I bet you didn’t even see it for it happened so fast! On Friday we just ended the third longest running bull […]
Equities and the Economy Good morning. I return from my vacation with the dubious distinction of having to report that panic struck the equity markets yesterday with U.S. stocks suffering their worst selloff in 2015. It was a broad-based rout with the S&P 500 losing 44 points (2.11%) to 2,036 and posting its biggest one […]
Note: Tomorrow will be the last Morning Energy Blog until Friday August 21st. The author is taking a long overdue vacation with his daughters. Equities and the Economy U.S. stocks had a great day yesterday (finally) closing near their highs for the day. The Dow shot up 242 points, 1.39%, at 17,615, the S&P 500 […]
