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Europe: +44 (0) 207 198 1634 Equities and the Economy After what seems days of bloodletting U.S. stocks stabilized yesterday with the Dow gaining 53 points closing at 16,399, the S&P 500 added 2 to 1,924 but the Nasdaq went the other direction closing down 6 at 4,638. This actually was pretty good considering oil prices, which investors have been keying […]
Source: U.S. Energy Information Administration, based on SNL Energy Wholesale electricity prices at major trading hubs on a monthly average basis for on-peak hours were down 27%-37% across the nation in 2015 compared with 2014, driven largely by lower natural gas prices. Because natural gas-fired generation sets the marginal price in many markets, wholesale electricity […]
Equities and the Economy And the pain continued. U.S. stocks had their worst day in three months yesterday marking the worst start to a new year for the S&P 500 and Dow Jones ever. Yes in history! On the heels of the Chinese stock market being halted for trading for the second time this week […]
Equities and the Economy It began ugly and ended ugly. I’m talking about U.S. equities. At about this time yesterday Dow futures were down 274 points and although prices did recover a tad intraday the day still ended lousy. The Dow lost 252 points, 1.47%, closing at 16,907 and below 17,000 for the first time […]
Equities and the Economy No sense sugar coating it. 2016 began abysmally. It was the worst first trading day of the year in 15 year. The Dow lost 276 points, 1.58%, finishing at 17,149, the S&P 500 fell 31, 1.51%, to 2,103 and the Nasdaq closed 104 points lower, 2.09%, and once again under 5,000 […]
Source: Bloomberg L.P. The energy component of the widely followed S&P Goldman Sachs Commodity Index (GSCI) fell 41% from the start of 2015, a larger decline than the industrial metals, grains, and precious metals components, which declined 24%, 19%, and 11%, respectively, in 2015. Weakness in global economic growth contributed to the overall decline in […]
Equities and the Economy The rally is in full force however yesterday it wasn’t Santa Clause who brought the present, but it is someone with white hair: Janet Yellen. And the present was the strangest form, an interest rate hike. So how can this be?! Especially when the Fed said the hike was a tentative […]
Equities and the Economy U.S. stocks rallied sharply yesterday marking a second day of gains with the Dow jumping 157 points, 0.90%, to 17,525, the S&P 500 adding 21, 1.04%, to 2,043 and the Nasdaq climbing 43, 0.86%, to 4,995 (still under that 5,000 level). Some folks are stating because oil prices rose, and WTI […]
Source: U.S. Energy Information Administration, State Heating Oil and Propane Program The U.S. Energy Information Administration’s State Heating Oil and Propane Program (SHOPP) collects state-level residential heating oil and propane price data in 38 states during the winter heating season. SHOPP is a joint effort between EIA and state energy offices in regions (especially states […]
Equities and the Economy U.S. equities closed lower for the 3rd consecutive day yesterday. The Dow closed down 76, 0.43%, at 17,492, the S&P 500 lost 16, 0.76%, to 2,048 and the Nasdaq got pounded losing 1.48%, 75 points, to 5,023. As of yesterday the S&P joined the Dow in negative territory for the year. […]
