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Europe: +44 (0) 207 198 1634 Equities and the Economy: U.S. equities retreated marginally from record highs set on Friday (S&P and Nasdaq). The Dow closed off 14 at 18,529, the S&P 500 lost 2 points to 2,181 and the Nasdaq finished down 8 at 5,213. Total chatter. And actually pretty darn good being we’re at record highs and P/E ratios […]
Equities and the economy Last week and yesterday remind me of the memorable 1984 movie Karate Kid where Kesuke Miyagi teaches Daniel LaRusso karate with the training beginning with menial chores including waxing Miyagi’s car stating “Wax on. Wax off.” Well lately it’s been “Risk-off. Risk-on” in the global equity markets. Whereas last week it […]
Equities and the economy U.S. stocks closed out a difficult week on a modestly lower note Friday as investors continued to shed risk over concerns about the Brexit vote and whether or not Britain would leave the European Union. The Dow closed down 58 points, 0.3%, at 17,675, the S&P 500 fell 7 points, also […]
Equities and the economy The risk-off sentiment continued yesterday with commodity prices falling, bond and gold prices rising and equity prices falling. Yesterday the Dow fell 35 points, closing at 17,640, the S&P 500 lost 4 to 2,072 and the Nasdaq settled down 9 at 4,835. Similar to Tuesday, the losses yesterday were marginal but […]
Equities and the economy U.S. stocks closed lower for a 4th consecutive day yesterday marking the Dow and S&P 500’s longest losing streak since the market lows in February. That being said, the damage to your 401K was slight. The Dow lost 58 points, 0.33%, to finish at 17,675, the S&P fell 4 points ending […]
Equities and the economy Our Fed Chairperson, Janet Yellen, spoke yesterday painting a mostly upbeat picture of the economy conceding that the May payrolls data was disappointing but adding it is only one data point which does not make a trend. She stated interest rates are forthcoming but gave no clue as to when. All […]
Equities and the economy As mentioned in Friday’s Blog, the headline data was the horrible May jobs report noting only 38,000 jobs were added in May. Putting into perspective how bad this report was, when the report was released the CNBC reporter reading the data said, “We seem to have lost a digit somewhere.” The […]
Equities and the economy Yesterday was a repeat of Tuesday with stocks beginning the day lower and clawing back to close pretty much unchanged. The Dow closed up 2 points at 17,790, the S&P 500 added the same ending at 2,099 and the Nasdaq finished up 4 at 4,952. As I’ve stated too many times, […]
Equities and the economy Good morning and I hope you had a great holiday weekend. U.S. stocks finished the week on a positive note with the Dow closing up 45 at 17,873, the S&P 500 adding 9 points to 2,099 and the Nasdaq closing up 32 points at 4,934. The major bourses had their best […]
Equities and the economy Yesterday the major indexes posted small losses. The Dow fell 27 points closing back below 18,000 at 17,977, the S&P 500 fell 4 to 2,088 and the Nasdaq closed down 10 at 4,896. You should be happy about that performance for earlier in the day the Dow was down 148 points, […]
