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Europe: +44 (0) 207 198 1634 Good Morning. Yesterday was the antithesis of Tuesday. A bad day. A very bad day. The S&P 500 traded up to the level I mentioned in my Report on Tuesday, 1,949 (technically I said 1,930 to 1,943 but most definitely close enough), and failed. We actually traded marginally higher in the morning, as high as […]
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 […]
Good morning. On the heels of a really positive Labor Department Employment Situation Report U.S. equities rallied big on Friday with the Dow climbing 209 points, 1.24% to 17,010, the S&P 500 added 22, 1.12%, closing at 1,968 and the Nasdaq ended up 46 points higher, 1.03%, at 4,476. Not to be Debbie Downer but […]
Good morning. I apologize for the delay in today’s report. I have been on conference calls since I walked in the office this morning. Consequently, today’s report will be briefer than normal (which may be to your delight!). Equities hung in there yesterday with the Dow closing down 4 to 16,802, the S&P 500 closed […]
Good morning. I sure hope it is for you because yesterday was another really, really lousy day for our 401K’s. The Dow lost 238 points, 1.4%, to 16,805, the S&P 500 dropped 26, 1.32%, to 1,946 and the Nasdaq ended down 71 points, 1.59%, to 4,422. All material losses. For well over a year I’ve […]
Good morning. What can one say other than it was an outstanding day for stocks and your 401K! The Dow closed up 109 points at 17,266 and the S&P 500 gained 10 to 2,011. The Nasdaq didn’t close at a new record high but was the biggest percentage gainer on the day closing up 31 […]
Good morning. The S&P 500 rose to 10 points to 2,007 on Friday to a new record as investors shrugged off a weak August jobs report. The Dow gained 68 to 17,137, just shy of its July 16th record, and the Nasdaq climbed 21 to 4,583. Refreshing your memory, Friday morning the Labor Department released […]
Good morning. Equities started the day nicely higher after Mario Draghi of the ECB announced the central bank was cutting its benchmark interest rate to a record low, from 0.15% to 0.05% (seriously? A 0.1% drop ain’t going to help or hurt my portfolio) and planned to purchase asset-backed securities (now THAT will have an […]
