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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. For over 80% of the day things were looking pretty darn good with the Dow up an average of 80 points for that time frame. And then the bottom just fell out. There was no major news. Sellers just came in. So instead of a nice, descent up day […]
Equities and the Economy Good morning. The market had time to digest the lousy Labor Department’s Employment Situation Report from Friday and after selling futures all weekend and into the open investors came to realize the bad news is once again good news. As I mentioned in yesterday’s morning Report, the jobs report means the […]
Equities and the Economy Good morning. U.S. stocks finished the Easter shortened week on a marginally positive note breaking two sessions of material losses. The Dow closed up 65 points at 17,763 and both the S&P 500 and Nasdaq added 7 points with the former ending at 2,067 and the latter 4,887. Now you may […]
Equities and the Economy Good morning. U.S. stocks closed lower for the second consecutive day yesterday with the Dow falling 78 to 17,698, the S&P 500 losing 8 to 2,060 and the Nasdaq closing down 21 to 4,880. The impetus for the decline was clearly fundamental. Yesterday ADP released its private sector payrolls report which […]
Equities and the Economy Good morning. It’s been one day up and one day down for U.S. equities, until yesterday, and unfortunately it was two days down. All the major indexes close for the second consecutive day with the Dow falling 105 points (0.58%) to 18,011, the S&P 500 off 13 points (0.61%) to 2,092 […]
Equities and the Economy Good morning. The technical support level I identified in my Morning Energy Report on Tuesday (2,030 – 2,045 basis S&P) held on Tuesday and Wednesday and with sellers few and far between buyers stepped in with a vengeance yesterday and U.S. equities posted their biggest daily gain in 5 weeks. Whew. […]
Equities and the Economy Good morning. So more good economic news came out yesterday. The Labor Department said U.S employers advertised the most job gains in 14 years and more workers quit, both signs of a steadily strengthening job market. Job opens rose 2.5% to nearly 5 million, the most since January 2001. The number […]
Equities and the Economy Good morning and happy National Crabmeat Day. Friday was a horrible, horrible day for our 401K’s and portfolios with U.S. equities falling more than 1%. All the bellwether indexes got hit hard with the Dow down 279 points (1.54%) ending below 18,000 at for the first time since February 19th at […]
Equities and the Economy Good morning. Yet another quiet day for U.S. stocks ending in mixed results. The Dow lost 10 points to 18,214 and the S&P 500 closed down 3 at 2,111. The Nasdaq bucked the trend gaining 21 points to 4,988. Those of you with higher math skills will note the Nasdaq is […]
Equities and the Economy Boom! Did you hear the equity rocket take off yesterday setting off the sonic boom? A super, duper 305 point, 1.76% sonic boom! That’s what the Dow did yesterday closing at 17,666. Of course the two other major indexes also went into the stratosphere with the S&P 500 closing up a […]
