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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning and happy Cellophane Tape Day. After a week of choppiness with new highs for equities, albeit on below average volume and barely above old highs, conviction returned to the markets yesterday and unfortunately it was of the negative variety. In fact “negative” does not do justice to the destruction […]
Equities and the Economy Good morning and happy National Dance Like Chicken Day (and it’s not even Oktoberfest!). U.S. Equities closed virtually unchanged yesterday from Tuesday losing early gains with the Dow off 8 to 18,060, the S&P 500 down 1 to 2,098 and the Nasdaq actually closed up 6 to 4,982. All the indexes […]
Equities and the Economy Good morning and happy No Diet Day. It was a very lousy day on Wall Street with the S&P 500 suffering its biggest one day percentage decline in six weeks falling 25 points (1.2%) to 2,089. The Dow stunk it up too losing 142 points (0.8%) and once again below 18,000 […]
Equities and the Economy Good morning and happy National Bugs Bunny Day. Well the market was asking “What’s up doc?” yesterday or more appropriately, what’s up with these markets with the Dow falling 74 points ending at 18,036, the S&P 500 closing down 8 at 2,107 and the Nasdaq off 31 to 5,024. Although the […]
Equities and the Economy Wow! Wow. And more Wow! And Yahoo! Driven by a combination of not so subtle hints from the Bank of China of impending QE, some positive economic news in Europe, numerous pharmaceutical mergers were announced before the open and some positive housing data here in the states, U.S. stocks materially higher […]
Equities and the Economy Good morning. Purge. Heave. Hurl. I’m not talking about a body’s response after consuming too much alcohol but the analogy applies to equities yesterday. And don’t look at your 401K. You ain’t gonna like it. After yesterday we are all going to have to work a little longer. So how bad […]
Equities and the Economy Good morning. It was a great day for our portfolios and 401K’s yesterday with the Dow soaring 156 points (0.86%) to 18,289 and the S&P 500 up 13 (0.59%) to 2,117. It was the 4th time this year the Dow set a record close and the 5th time for the S&P. […]
Equities and the Economy Good morning. U.S. equities ended last week on a sour note with the Dow losing 82 points ending at 18,133, the S&P 500 lost 6 to 2,105 and the Nasdaq ended down 24 to 4,964. OK, now for the good news. For the month February was outstanding! The Dow jumped 5.64% […]
Equities and the Economy Good morning. Yesterday U.S. equities ended the way they started, sedate. The Dow closed up 16 points at 18,225 and both the S&P 500 and Nasdaq lost a point ending at 2,114 and 4,967, respectively. You can’t get much less price movement. I must add though that the Dow’s small gain […]
Good morning. It was looking like it was going to be a bad day yesterday driven by a report from the Commerce Department stating consumer spending fell in December 0.3% which was worse than the 0.2% economists were forecasting. Additionally, November’s number was revised downward from a 0.6% increase to 0.5%. That’s a big swing […]
