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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Trump threatens to shut down government if Congress doesn’t fund Mexico border wall. • Stocks retreat. Investors turned cautious yesterday after President Trump stated at a rally in Phoenix Tuesday evening that he would be willing to not raise the debt ceiling, i.e., shut down the government, if Congress didn’t […]
Equities and the Economy: • Dow posts largest one day gain in 4 months. • Three major indexes post biggest percentage gains in a week. After a couple weeks of declines and a lackluster Monday U.S. equities came out with a force yesterday logging significant gains. The Dow closed up a hefty 196 points, 0.9%, […]
Equities and the Economy: • Stocks end little changed. • Volume remains below average. After logging its largest two-week decline since last September the Dow managed to post a meager gain yesterday closing up 29 points at 21,704. Similarly, the S&P 500 and Nasdaq ended little changed from Friday’s close with the former finishing up […]
Equities and the Economy: • Stocks close lower on Friday. • Major indexes post second week of losses. U.S. equities suffered another day of losses on Friday. After having been down as much as 110 points intraday, buying came in mitigating some of the damage and the Dow closed down 76 points at 21,675. The […]
Equities and the Economy: • Dow loses 1% for first time in 64 sessions. • Confluence of factors bring in selling. Yesterday was a rough day for your portfolio or 401K with all the major indexes suffering material losses. The Dow fell 274 points, 1.2%, finishing at 21,750. This is the first time the Dow […]
Equities and the Economy: • Stocks push marginally higher. • FOMC minutes suggest Fed wrestling with low inflation. The major news yesterday was the release of the FOMC’s July meeting minutes. As I’ve stated many times, investors look to the minutes for insight into the Fed’s thinking on monetary policy. There were two significant take-aways. […]
Equities and the Economy: • Stocks end little changed. • July Retail sales strong. U.S. stocks ended little changed yesterday with the Dow closing up 5 points at 21,999, the S&P 500 falling a single digit to 2,465 and the Nasdaq dropping 7 to 6,333. Pure chatter evidenced by the fact the trading volume yesterday […]
Equities and the Economy: • Buy dip mode prevails. • S&P moves 1% for first time in 3 months. As has been the mode for about 9 years now, investors continue to buy price dips. After posting a lousy week investors jumped back into the market yesterday with the Dow rising a very nice 135 […]
Equities and the Economy: • Equities rebound on Friday. • Post weekly loss. After a rough week U.S. stocks rebounded on Friday with the Dow closing up 14 points at 21,858, the S&P 500 rose 3 to 2,441 and the Nasdaq added 40 points ending at 6,257. Friday’s gains were not enough to offset the […]
Equities and the Economy: • S&P 500 has biggest one-day drop in almost 3 months. • Dow falls for 3rd consecutive day. Just as I talk about a lack of volatility, wham! The stock market gets whacked! Yesterday the Dow fell for the 3rd consecutive day losing 205 points, 0.93%, closing at 21,844. The S&P […]
