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Europe: +44 (0) 207 198 1634 Good morning. After pushing to record highs last week U.S. equities retreated yesterday. The Dow, which closed for the first time last Thursday over the psychologically important 17,000 number (it has no meaning looking at the charts technically), fell 44 points to 17,024, the S&P 500 lost 8 to 1,978 and the Nasdaq fell 34 […]
Good morning and welcome back. Driven by a very positive monthly jobs report U.S. equities jumped on Thursday with the Dow closing up 92 points, 0.54%, to 17,068 which was the Dow’s first closing ever over 17,000 and the 3rd consecutive day the bellwether closed at a record high. The S&P 500 gained 11 points, […]
Good morning. As I mentioned in yesterday’s report, ADP reported that according to their research private sector employers hired 281,000 new workers in June far exceeding forecasts by economists. This was a 1 ½ year high reinforcing views the economy is improving after a dismal start. GDP contracted 2.9% in Q1 but growth is forecasted […]
Good morning. Oh so, so close. I’m talking about what I’ve been predicting over the past few months and that is the Dow hitting 17,000. Yesterday we got within a whisker of it with the intraday high just 2 points shy of that level trading 16,998. Unfortunately, the market pulled back from that high with […]
Good morning. U.S. stocks ended Q2 mixed with the Dow closing 25 points lower at 16,826, the S&P 500 falling 1 to 1,960 and the Nasdaq gaining 10 to 4,408. Now for the good news. The S&P recorded its 5th consecutive month of gains and its biggest 2nd quarter since 2009. The benchmark index gained […]
