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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning and happy National Blueberry Cheesecake Day. On Friday U.S. stocks traded like they had all week, choppy, with the Dow closing down 54 points at 18,232, the S&P 500 off 5 to 2,126 and the Nasdaq closing down 2 at 5,089. The results for the week reflected the week’s […]
Equities and the Economy Good morning. Before I get into discussing equities and the economy I want to discuss the Fed. I have been writing about the Fed, its actions and the implications of its actions since the inception of my Morning Energy Report seven years ago. I was doing research over the weekend and […]
Equities and the Economy Happy National Ravioli Day. The U.S. equity markets just can’t seem to get any momentum. One day up. The next day down. After the biggest rally in a month on Monday yesterday stocks got whacked. In fact, U.S. stocks have not risen two consecutive days in March. The Dow and S&P […]
Equities and the Economy Top of the morning to ya! Yesterday was a great day with all the major U.S. indexes (and the European as well!) shot skyward closing more than 1% higher as the U.S. dollar marginally retreated. The Dow jumped 228 points (1.28%) closing at 17,977, the S&P 500 popped 28 (1.20%) to […]
Equities and the Economy. Good morning. [expletive!] Right after I’m feeling we dodged a bullet with Thursday’s rally which followed a bludgeoning from earlier in the week U.S equities get absolutely destroyed on Friday. The Dow lost 146 points (0.82%) to 17,749, the S&P 500 fell 13 (0.61%) to 2,053 and the Nasdaq lost “only” […]
Equities and the Economy Good morning. U.S. stocks rose yesterday primarily as a result of our Fed Chair Janet Yellen’s testimony and comments before the Senate Banking Committee. She speaks in the House today. The Dow and S&P 500 made new record highs with the former rising 92 points (0.51%) to 18,209 and the latter […]
Equities and the Economy Good morning. Yesterday was what I call “chatter” with the Dow falling 23 to 18,117, the S&P 500 literally closing flat to Friday at 2,110 and the Nasdaq adding 5 points to 4,691. Hurting the Dow index were oil stocks which fell in sync with lower oil prices. The Nasdaq rose […]
Good morning. WOW! What a good day! How good was it? It was so good the stock market went MAD! MAD is when the Dow logs a major accumulation day which is defined as a session when the up volume on the NYSE is at least 9 times more than the down volume. Yesterday was […]
Good morning. At this time yesterday morning things were looking pretty bleak with all the Asian, European and U.S. markets all down materially. It was even worse during the regular session with the S&P 500 down as much as 1.3%, 218 points!, lower on the day. But bargain hunters came in on the pulverized energy […]
Good morning. During the last hour of trading yesterday I felt like I was hanging onto the edge of a 50 ft. ledge just hoping selling wouldn’t come pouring in at the close. And it didn’t. Whew! Although the Dow did close down 24, at 16,117, it could have been a lot worse for about […]
