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Europe: +44 (0) 207 198 1634 Equities and the economy Yesterday we saw a third day where U.S. equities open lower only to rally back to close flat to higher. Stocks continue to grind higher approaching May 2015 record highs. The S&P 500 closed up 6 at 2,105 breaking the 2,100 level which we’ve not seen since April 20th and ending […]
Equities and the economy After two spectacular days U.S. stocks bivouacked with the Dow closing down 23 points at 17,828, the S&P 500 closing flat to Tuesday at 2,090 and the Nasdaq ending at 4,090, up 7 points. All the definition of “chatter.” Considering the big move we had I call this a victory. Even […]
Equities and the economy Another not-so-good day for stocks yesterday with the Dow falling 91 points, 0.5%, finishing at 17,435, the S&P 500 closing down 7, 0.4%, at 2,040 an the Nasdaq was off 27, 0.6%, to 4,713. It could have been worse. At one point during the day the Dow was down 197 points! […]
Equities and the economy Lockhart and Williams scared the crap out of investors yesterday. Dennis Lockhart and John Williams are the presidents of the Atlanta and San Francisco Fed’s, respectively, and in separate statements said there could be 2 or 3 interest rate hikes this year with June being a meeting where action could be […]
Equities and the economy The bulls beat up on the bears on Tuesday and the bears beat up on the bulls on Wednesday and yesterday they both left the battlefield and went back to their corrals and their caves and licked their wounds. The Dow rose 9 points to 17,720, the S&P 500 closed flat […]
Equities and the economy Well the calm has ended. After a month or so of no volatility the last two sessions have been anything but with the major indexes moving in opposite and almost equal amounts the last two days. Refreshing your memory, on Tuesday the Dow closed up 222 points. Yesterday it closed down […]
Equities and the economy Just as I write that volatility has been low and we haven’t had a move greater than 1% in a month stocks go bonkers yesterday with all three major U.S. equity indexes closing up over 1%. It was a very, very good day for your 401K. The Dow popped a hefty […]
Equities and the economy U.S. stocks rebounded from early losses on Friday to close higher with the Dow ending up 80 points, 0.45%, at 17,741, the S&P 500 adding 7, 0.32%, to 2,057 and the Nasdaq closing at 4,736, up 19, 0.4%. The major event Friday was the Labor Department jobs report which showed the […]
Equities and the economy Although there was some intraday volatility U.S. equities did what I expected and mentioned in my Blog yesterday which was that stocks would close little changed from Wednesday as investors waited for today’s Labor Department employment report. The Dow closed up 9 at 17,661, the S&P 500 closed flat to Wednesday […]
Equities and the economy Boy does it feel like “sell in May and go away.” U.S. equities closed lower yesterday with the Dow off 100 points, 0.6%, to 17,651, the S&P 500 lost 12 points, also 0.6%, to 2,051 and the Nasdaq dropped 38 points, 0.8%, to 4,726. Once again though, and this is a […]
