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Europe: +44 (0) 207 198 1634 Good morning. On Wednesday we saw a light at the end of the tunnel and believed it was the Fed holding it. It turned out not be the Fed but a train. Wham! We got run over. Serious damage. Carnage. Triage applied. No survivors with the Dow losing the most points it has in a […]
Good morning. Thank you Fed. Thank you, thank you, THANK YOU! Yesterday right when the major indexes were posting multi-month lows the minutes of the Fed’s September 16-17 meeting in which was stated that 1) that raising interest rates was data dependent and 2) the Fed was concerned about the strength of the U.S. dollar. […]
Good morning. U.S. equities fell for the 3rd straight day with the Dow losing 117 points, 0.68%, to 17,056, the S&P 500 dropping 12, 0.58%, to 1,983 and the Nasdaq off 19, 0.42%, at 4,509. Nearly half of the losses came in the last 20 minutes of trading which is not a good omen. It […]
Good morning. Equities started the day nicely higher after Mario Draghi of the ECB announced the central bank was cutting its benchmark interest rate to a record low, from 0.15% to 0.05% (seriously? A 0.1% drop ain’t going to help or hurt my portfolio) and planned to purchase asset-backed securities (now THAT will have an […]
Good morning. Stocks ended mostly down yesterday with the Dow rising 11 points ending at 17,078, the S&P 500 falling 2 to 2,001 and the Nasdaq getting hit 26 points settling at 4,573. While the former two indexes waffled on either side of unchanged the Nasdaq got whacked 0.56% dragged down by Apple which fell […]
