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Europe: +44 (0) 207 198 1634 Equities and the Economy: U.S. stocks rise on positive economic reports. Q3 GDP revised higher. On a couple of economic reports yesterday U.S. stocks posted gains with the Dow closing up 15 points to 21,880, the S&P 500 gained 10 points finishing at 2,457 and the Nasdaq popped a nice 64 points, 1.02%, ending at […]
Equities and the Economy: Dow posts best intraday comeback in 9 months. Overall equities little changed. Early yesterday morning it was looking really grim. On the heels of North Korea launching a missile over mainland Japan, a not unprecedented but definitely provocative move, investors came in selling hard taking the Dow down about 135 points […]
Being Houston remains in dire straits and I am the only one in the office again, this will be a condensed Morning Energy Blog. And it’s still raining. Equities and the Economy: Another quiet day. Market looking for direction. It was another day of low volume and lack of conviction amongst investors. The Dow closed […]
Good morning. I managed to make it into the office today. The only one who could make it. I happen to be fortunate to live in an area with clear ingress and egress, for now. I’m extremely fortunate. Houston is a mess. A really, really big mess. Flooding is everywhere. Giving you some perspective, Houston […]
Historically, Gulf of Mexico hurricanes have caused huge natural gas price spikes when oil rigs in the Gulf were shut down. Now, with most natural gas production coming from mainland drilling, hurricanes barely impact the price of gas. Interesting article. Gulf of Mexico now accounts for less than 5% of total U.S. output Do you […]
Source: U.S. Energy Information Administration, Energy Disruptions Hurricane Joaquin, which strengthened to a Category 4 storm on Thursday, is on track to move north along the East Coast this weekend, potentially bringing torrential rainfall and flooding to the region. To help analysts assess potential storm effects, EIA maintains an energy disruptions map that displays energy infrastructure and […]
HOUSTON — September is about halfway through this year’s hurricane season, and so far the seas have been calm. Every so often, the Atlantic produces a storm strong enough to shutter offshore oil and natural gas production and, if large enough, impact refining and transportation along the Gulf Coast. That hasn’t happened this year, and […]
Good morning. Death by a thousand cuts. That’s what’s happening to U.S. stocks. Well folks, the correction is in full swing with the Dow closing down another 223 points lower, 1.35%, at 16,321, the S&P 500 losing another 31 points, 1.65%, to 1,875 and the Nasdaq down another 63, 1.46%, to 4,214. I don’t know […]
Good morning. A second straight lousy day for our 401K’s. The Dow lost 98 points, its biggest one day drop in a month, to 17,014, the S&P 500 fell 13 and back below 2,000 to 1,988 and the Nasdaq really got whacked closing down 40 points, 0.9%, to 4,552. Investors had little economic news to […]
