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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. An interesting phenomenon is happening right now. I’ve seen this happen occasionally and it’s happening once again. That is that equity traders are taking their cues from the movements in the price of oil, specifically WTI. Early in the day WTI was getting pounded and equities were trading negative […]
Equities and the Economy Good morning. As I mentioned yesterday, its earnings season. The “fundamentals” in the equities market. And the fundamentals were not good yesterday. Microsoft, United Technologies, Proctor & Gamble and Caterpillar all came out with disappointing earnings and/or reduction in revenue forecasts, aka sales. If that wasn’t bad enough, Durable Goods Orders […]
Equities and the Economy Good morning. With potentially the biggest blizzard of all time (which I’m hearing is turning out to be a non-event) bearing down on the northeast coast distracting investors equities chopped around on either side of unchanged ending with small gains. The Dow closed up 6 at 17,679, the S&P 500 added […]
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 […]
Good morning. After hitting new highs on Tuesday U.S. equities slipped back yesterday but the damage was extremely minor. The Dow lost 2 to 17,686, the S&P 500 ended down 3 to 2,049 while the Nasdaq fared much worse shedding 27 points to 4,676. Not bad considering the S&P has hit 8 record highs and […]
IMPORTANT. As you know the Morning Energy Report (now named “Blog”) is being delivered to you via a link to our website where it and a plethora of other information and energy data are available. I’ve received feedback from a few readers they are having difficulty reading the Blog, specifically, not being able to scroll […]
Good morning. Friday ended a solid week of gains for U.S. equities with the Dow closing up a hefty 128 points at 16,805, the S&P 500 adding 14 to 1,965 and the Nasdaq closing at 4,484, up a big 31. For the week the Dow rose 2.6%, the S&P 4.1% and the Nasdaq 5.3%. It […]
Good morning. I sure hope it is for you because yesterday was another really, really lousy day for our 401K’s. The Dow lost 238 points, 1.4%, to 16,805, the S&P 500 dropped 26, 1.32%, to 1,946 and the Nasdaq ended down 71 points, 1.59%, to 4,422. All material losses. For well over a year I’ve […]
Good morning. Things sure have been choppy lately. After a horrible day last Thursday and a decent rebound Friday stocks once again turned for the worse yesterday with the Dow losing 42 points to 17,071, the S&P 500 fell 5 ending at 1,978 and the Nasdaq slipped 6 to 4,506. Be thankful. It was much […]
Good morning. Stocks ended mostly down yesterday with the Dow rising 11 points ending at 17,078, the S&P 500 falling 2 to 2,001 and the Nasdaq getting hit 26 points settling at 4,573. While the former two indexes waffled on either side of unchanged the Nasdaq got whacked 0.56% dragged down by Apple which fell […]
