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Europe: +44 (0) 207 198 1634 Equities and the economy Lockhart and Williams scared the crap out of investors yesterday. Dennis Lockhart and John Williams are the presidents of the Atlanta and San Francisco Fed’s, respectively, and in separate statements said there could be 2 or 3 interest rate hikes this year with June being a meeting where action could be […]
Equities and the economy Just as I write that volatility has been low and we haven’t had a move greater than 1% in a month stocks go bonkers yesterday with all three major U.S. equity indexes closing up over 1%. It was a very, very good day for your 401K. The Dow popped a hefty […]
Equities and the economy Boy does it feel like “sell in May and go away.” U.S. equities closed lower yesterday with the Dow off 100 points, 0.6%, to 17,651, the S&P 500 lost 12 points, also 0.6%, to 2,051 and the Nasdaq dropped 38 points, 0.8%, to 4,726. Once again though, and this is a […]
Equities and the economy It was a sedate day on Wall Street yesterday with some profit taking after the recent rally which took the market to 2016 highs. The Dow closed down 56 points, 0.31%, at 17,737, the S&P 500 fell 7, 0.32%, to 2,066 and the Nasdaq was off 23, 0.45%, finishing at 4,892. […]
Equities and the economy As I expected, with the European markets closed it was a quiet day on Wall Street yesterday. The Dow closed up 20 at 17,535, the S&P 500 rose a single digit to 2,037 while the Nasdaq fell 7 finishing at 4,767. Yesterday about 5.1 billion shared changed hands on U.S. exchanges, […]
Equities and the economy U.S. stocks snapped a five week winning streak Thursday closing little changed. The good news was that the major indexes traded materially lower all day but recovered to end flat to Wednesday. The Dow rose 13 points to 17,516, the S&P 500 fell a point to 2,036 and the Nasdaq finished […]
Equities and the economy We had a second consecutive day of lackluster trading in equities with the Dow closing up 22 at 17,252 while the S&P 500 and Nasdaq both closed lower. The former 4 to 2,016 and the latter by 22 to 4,729. With the bevy of central bank meetings investors are on hold, […]
Equities and the Economy I’ve been telling you the 1,950 level basis the S&P 500 was resistance, and we got through that yesterday and when we did it was as if a wound up tightly spring was released and we rocketed up with U.S. equities having a great day! So how good was it? Just […]
Equities and the Economy It was a sedate day Friday with U.S. stocks beginning the day on a positive note trading higher but ending mixed held back by marginally lower oil prices but more so a stronger dollar. When the closing bell rang the Dow was off 57 to 16,640, the S&P 500 settled 4 […]
Equities and the Economy Another good day! Like’n it! The Dow continued its climb closing up 212 points, 1.29%, at 16,697, the S&P 500 ended up 22, 1.15%, at 1,952 and the Nasdaq added 39, 0.87%, to 4,582. The second consecutive day of gains for stocks was helped by a 3% jump in oil prices […]
