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Archive for the ‘EIA’ Category

Morning Energy Blog – October 21, 2016

Equities and the Economy: U.S. stocks closed lower yesterday but looking at the forest rather than the trees it was another day of chatter. The Dow lost 40 points ending at 18,162, the S&P 500 fell 3 to 2,141 and the Nasdaq ended off 5 at 5,242. This market has been bouncing around, consolidating is […]

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Morning Energy Blog – October 20, 2016

Equities and the Economy: For a second consecutive session U.S. equities closed higher yesterday. The Dow closed up 41 at 18,203, the S&P 500 rose 5 to 2,144 and the Nasdaq added 3 to 5,246. A combination of rising oil prices and earnings releases supported the market. The former will be discussed below. With respect […]

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Morning Energy Blog – October 17, 2016

Equities and the Economy: U.S. stocks closed pretty much flat to Thursday on Friday. While the Dow rose 39 points to close at 18,138 the S&P 500 and Nasdaq didn’t or barely moved with the former closing flat to Thursday at 2,133 and the latter finishing up a single digit at 5,133. On the positive […]

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Morning Energy Blog – October 12, 2016

Equities and the Economy: Soooo choppy! Just when we’re getting all “bulled up” with U.S. equities having a really good day on Monday Chicken Little makes an appearance. Yesterday the Dow lost an even 200 points, 1.09%, to finish at 18,129, the S&P 500 lost 27 points, 1.24%, to end at 2,137 and the Nasdaq […]

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Morning Energy Blog – October 7, 2016

Equities and the Economy: Another pretty boring day on Wall Street yesterday. The Dow closed down 13 at 18,269, the S&P 500 added a single digit to 2,161 and the Nasdaq fell 10, 5,307. Look at the 3 month S&P 500 chart. It’s making a “pennant” formation with the high in early September and the […]

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Morning Energy Blog – October 5, 2016

Equities and the Economy: U.S. equities failed to hold on to their early morning gains ending the day in the red. After being down by as much as 138 points the Dow fought back finishing the day down 85 points, 0.47%, at 18,168. The S&P 500 fell 11, ½%, to 2,150 and the Nasdaq as […]

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Morning Energy Blog – September 30, 2016

Equities and the Economy: Gesundheit. We all know that is they word said after someone sneezes, possibly the result of having a cold. Well Deutsche Bank has a cold and it spread to U.S. equities. As I’ve mentioned previously this week, Deutsche Bank has been under scrutiny because of its leverage and investors have been […]

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Morning Energy Blog – September 29, 2016

Equities and the Economy: My apologies but this is going to be a brief Morning Energy Blog for I’ve been in meetings all morning. It was a good day for U.S. equities yesterday with the Dow closing up 85 to 18,312, the S&P 500 rising 7 to 2,167 and the Nasdaq advancing 3 points to […]

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Morning Energy Blog – September 27, 2016

Equities and the Economy: U.S. equities were on the defensive yesterday. One stupid headline I read blamed the unknown surrounding last night’s presidential debate. The real reason was something that didn’t even happen in America (which is why I follow global events). Deutsche Bank’s stock, Germany’s largest bank, got whacked yesterday, down 7.1% and hitting […]

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Morning Energy Blog – September 23, 2016

Equities and the Economy: Global equities were a sea of green yesterday with investors shaking off any jitters post the BoJ and, more importantly, FOMC meetings clicking the “buy” button. The Dow was up as much as 156 points and although it pulled back in the afternoon it still posted a good day ending up […]

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