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Europe: +44 (0) 207 198 1634 Equities and the Economy: There were two material events yesterday and both were by central banks. The first, which I discussed in yesterday’s Morning Blog, was the Bank of Japan’s move to continue its 80 trillion yen bond buying program (QE) focusing on the back end of the yield curve (10 year note) as opposed […]
Equities and the Economy: U.S. equities retreated yesterday with the Dow falling 46 points to 18,480, the S&P 500 off 5 to 2,181 and the Nasdaq snapped a four day winning streak which took it to new highs closed down 24 at 5,259. But let’s keep this all in perspective, stocks remain near their record […]
Equities and the Economy: Yesterday was a completely lackluster day. The Dow fell, the S&P 500 closed flat to Tuesday and the Nasdaq rose with the latter setting a new record high. The numbers are: Dow down 12 to 18,526, the S&P at 2,186 and the Nasdaq up 8 to 5,284 getting a boost from […]
Equities and the Economy: It was “bad news is good news” on Friday with the closely watched Labor Department’s Employment Situation Report for July released. The bad news was that per the department 151,000 jobs were added in the month with economists forecasting an increase of 180,000. The good news was that investors interpreted the […]
Equities and the Economy: It got a little scary yesterday after The Institute of Supply Management released its manufacturing index for August noting a fall from July’s 52.6 to 49.2 and most importantly, below 50 which is the demarcation between expansion and contraction. This was the first time in 6 months the index fell with […]
Equities and the Economy: The Dow closed down 53 points yesterday closing at 18,401 and in the process snapped a six month winning streak posting a 0.2% loss for the month August. The S&P 500’s five month rally came to an end falling 0.1% for August after losing 5 points yesterday to finish at 2,171. […]
Equities and the Economy: The day began in a lackluster fashion but didn’t stay that way for long. About an hour after the opening investors came in buying and continued to do so throughout the session with the financial sector leading the way. The Dow closed up 108 points, 0.58%, at 18.503. The S&P 500 […]
Equities and the Economy: Friday was the event investors had been waiting for all week which was our Fed Chairperson, Janet Yellen, speaking from Jackson Hole, WY (beautiful place!). Yellen told a gathering of central bankers from around the world the U.S. economy was nearing the central bank’s goals of maximum employment and price stability […]
Equities and the Economy: ANOTHER amazingly lackluster day yesterday. The Dow fell 33 to 18,488, the S&P 500 lost 3 to 2,172 and the Nasdaq finished down 5 to 5,212. Volume continues to be anemic. It’s as if the market is in a state of suspended animation. Everyone’s waiting on Janet Yellen who will be […]
The US electricity supply mix is changing, and renewable energy electricity generation in 2016 has already surpassed renewable generation from 2015. Source: U.S. Energy Information Administration, Electric Power Monthly Renewable electricity generation has surpassed levels from previous years in every month so far this year, based on data through June. Both hydroelectric and nonhydroelectric renewables […]
