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Europe: +44 (0) 207 198 1634 Equities and the economy Good morning. Over the past few years I’ve occasionally said “thank you” to the Fed for its QE action in supporting the economy which helped drive stocks higher. Now I’m saying “Thank you ECB. Thank you Mr. Draghi!” Six years after the Fed took a similar step, the ECB took its […]
Equities and the Economy Good morning. Yesterday was a choppy day for U.S. equities ending with marginal gains as traders and investors digesting reports that ECB will announce new economic stimulus at its meeting today. The Dow closed up 39 at 17,554, the S&P 500 added 9 to 2,032 and the Nasdaq closed up 12 […]
Equities and the Economy Good morning. After being closed for three days U.S. markets reopened yesterday and by judging the numbers at the close, Dow up 4 to 17,515, S&P 500 up 3 to 2,023 and Nasdaq up 20 to 4,655, one might think it was a yawner of a day. Au contraire. It was […]
Equities and the Economy Good morning. As I’m sure you are fully aware, the U.S. markets were closed yesterday for the holiday so let’s review happened Friday and last week. In summary it was a roller-coaster week. On Friday the Dow shot up 191 points to 17,512, the S&P 500 climbed 27 to 2,019 and […]
Equities and the Economy Good morning. It ain’t good folks. I just ain’t good. Yesterday was the 5th straight losing session for U.S. stocks with the Dow losing 16 points (0.61%) ending at 17,321, the S&P 500 down 19 (0.92%) to 1,993 and the Nasdaq dropping 69 (1.48%) to 4,571. The S&P is now down […]
Equities and the Economy Good morning. The horrible price action on Tuesday that I discussed in yesterday’s Morning Energy Report set the stage for a bad day on Wednesday and then when bad fundamental economic data was released yesterday investors and traders hit the “sell” button and hit it hard. Yesterday the Dow closed down […]
Equities and the Economy This one really, really hurt. After two losing sessions we were getting a great rebound yesterday morning with the Dow up as much as a huge 282 points in the first hour of trading. But as I’ve so often said, it’s the closes, not the opens, that count and as we’ve […]
Good morning. U.S. equities ended lower yesterday for a second straight session with the Dow losing 97 points to close at 17,641, the D&P 500 fell 17 to 2,028 and the Nasdaq was off 39 points to 4,665. The assault on stocks was once again driven by lower oil prices as investors continue to worry […]
Good morning. After two good days U.S. equities once again started their march south with the Dow losing a very material 171 points (0.95%). The S&P 500 fell 17 (0.84%) to 2,042 and the Nasdaq dropped 32 (0.68%) ending at 4,704. The Labor Department’s Employment report for December was the excuse. On the surface the […]
Good morning. Welcome back one and all. I truly hope you had a wonderful holiday and could spend time with your loves ones. The last Morning Energy Report was on Tuesday December 30th reflecting the price action of the day before so let’s see what’s happened in 4 calendar days and 3 trading days. Last […]
