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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. It was looking pretty good yesterday for most of the day with U.S. stocks trading nicely in the green, and then the bottom fell out. The FOMC finished its regularly scheduled two day meeting yesterday and released its post-meeting communique at around 2 PM Eastern and the market didn’t […]
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 Breaking a four day winning streak the Dow and S&P 500 closed lower on Friday with the former losing 141 points (0.8%) ending at 17,673 and the latter off 11 points (0.6%). The Nasdaq bucked the trend closing 7 points higher (0.2%) at 4,757. The day might not have been good […]
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. 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 […]
