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Europe: +44 (0) 207 198 1634 Equities and the Economy Happy Let’s Laugh Day, which is globally celebrated day. The FOMC concluded their two day meeting and with great anticipation and the world parsed very word of the post-meeting communique. And there was no “patience.” So you would have thought equities would have gotten pounded because the lack of “patience” means […]
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. 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. After the biggest sell off in two months amid a surging dollar U.S. stocks stabilized yesterday albeit at marginally lower levels with the Dow closing down 28 at 17,635, the S&P 500 off 4 to 2.040 and the Nasdaq losing 10 to 4,850. Most of the day the indexes […]
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. U.S. stocks bounced back from a really lousy Friday with the Dow gaining 139 points to 17,996, the S&P 500 adding 8 points to 2,079 and the Nasdaq closing up 15 at 4,942. Unfortunately these gains were less than half of Friday’s losses. There was no fundamental economic data […]
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. I’ve been gone three days and stocks have pulled back a bit from their record highs on Monday. On that day the Dow closed at 18,289 and yesterday it ended at 18,136 so with simple math you can see we lost 153 points or 0.8%. The S&P 500 went […]
