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Europe: +44 (0) 207 198 1634 Equities and the Economy After three sessions of lower prices, including spanning the new year’s holiday, U.S. equities leveled off with an uneventful day yesterday. The Dow closed up 10 points at 17,159, the S&P rose 4 to 2,017 and the Nasdaq was the laggard falling 12 to 4,891. With respect to economic data yesterday, […]
Equities and the Economy No sense sugar coating it. 2016 began abysmally. It was the worst first trading day of the year in 15 year. The Dow lost 276 points, 1.58%, finishing at 17,149, the S&P 500 fell 31, 1.51%, to 2,103 and the Nasdaq closed 104 points lower, 2.09%, and once again under 5,000 […]
Equities and the Economy It’s a new year and welcome back. Let’s take a quick look at where stocks ended last Thursday and for the year. Last Thursday, which was the last trading day of 2015 and which seems a year ago (pun intended), equities closed down with the Dow ending down 179 points, 1.02%, […]
Equities and the Economy Well it appears Santa finished delivering his presents on Tuesday for yesterday he was nowhere to be found. The Dow fell 117 points, 0.66%, ending at 17,604, the S&P 500 lost 15, 0.74%, to 2,063 and the Nasdaq closed down 42 points, 0.82%, at 5,066. In the holiday thin market investors […]
Equities and the Economy Santa continues to deliver gifts well past Christmas giving a wonderful present yesterday of materially higher stock prices. The Dow rose a big 193 points, 1.10%, ending at 17,721, the S&P 500 added 22 points, 1.05%, finishing at 2,078 and the Nasdaq was the winner on the day climbing 1.33%, 67 […]
Equities and the Economy Good morning. The last Blog was December 23rd reflecting the market action of December 22nd so let’s see what’s transpired since then. On December 22nd the Dow closed at 17,417, the S&P 500 at 2,039 and the Nasdaq at 5,001. Yesterday the Dow closed at 17,528, the S&P at 2,057 and […]
Equities and the Economy Santa is working his tail off to bring us a good holiday. U.S. equities rose nicely yesterday following Monday’s gains with the Dow popping a sweet 165 points, 0.96%, closing at 17,417, the S&P 500 rose 18, 0.88%, to 2,039 and the Nasdaq returned to ever 5,000 adding 32 points, 0.65%, […]
Equities and the Economy Santa’s workshop was in full swing yesterday bringing a nice rally on the first day of Christmas week. The Dow was up and down all day and a one point trading marginally negative but in the last hour posted a strong rally ending the day up 123 points, 0.72%, at 17,252. […]
Equities and the Economy Last Friday was, unfortunately, just a bad a day as last Thursday. The Dow closed down an ugly and material 2.10%, 367 points, at 17,129, the S&P 500 lost 36 points, 1.76%, to 2,006 and the Nasdaq fell an even 80 points, 1.59%, ending at 4,923. Friday was the Dow’s worst […]
Equities and the Economy The rally is in full force however yesterday it wasn’t Santa Clause who brought the present, but it is someone with white hair: Janet Yellen. And the present was the strangest form, an interest rate hike. So how can this be?! Especially when the Fed said the hike was a tentative […]
