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Europe: +44 (0) 207 198 1634 Being Houston remains in dire straits and I am the only one in the office again, this will be a condensed Morning Energy Blog. And it’s still raining. Equities and the Economy: Another quiet day. Market looking for direction. It was another day of low volume and lack of conviction amongst investors. The Dow closed […]
Good morning. I managed to make it into the office today. The only one who could make it. I happen to be fortunate to live in an area with clear ingress and egress, for now. I’m extremely fortunate. Houston is a mess. A really, really big mess. Flooding is everywhere. Giving you some perspective, Houston […]
Equities and the Economy: • Choppy day yesterday. • Yellen and Draghi speaking today. Stocks posted minor losses on another low volume day. The Dow finished down 29 points at 21,783, the S&P 500 lost 5 to close at 2,439 and the Nasdaq declined 7 to 6,271. Really not much more to talk about there […]
Equities and the Economy: • Trump threatens to shut down government if Congress doesn’t fund Mexico border wall. • Stocks retreat. Investors turned cautious yesterday after President Trump stated at a rally in Phoenix Tuesday evening that he would be willing to not raise the debt ceiling, i.e., shut down the government, if Congress didn’t […]
Equities and the Economy: • Dow posts largest one day gain in 4 months. • Three major indexes post biggest percentage gains in a week. After a couple weeks of declines and a lackluster Monday U.S. equities came out with a force yesterday logging significant gains. The Dow closed up a hefty 196 points, 0.9%, […]
Equities and the Economy: • Stocks end little changed. • Volume remains below average. After logging its largest two-week decline since last September the Dow managed to post a meager gain yesterday closing up 29 points at 21,704. Similarly, the S&P 500 and Nasdaq ended little changed from Friday’s close with the former finishing up […]
Equities and the Economy: • Stocks close lower on Friday. • Major indexes post second week of losses. U.S. equities suffered another day of losses on Friday. After having been down as much as 110 points intraday, buying came in mitigating some of the damage and the Dow closed down 76 points at 21,675. The […]
Equities and the Economy: • Dow loses 1% for first time in 64 sessions. • Confluence of factors bring in selling. Yesterday was a rough day for your portfolio or 401K with all the major indexes suffering material losses. The Dow fell 274 points, 1.2%, finishing at 21,750. This is the first time the Dow […]
Equities and the Economy: • Stocks push marginally higher. • FOMC minutes suggest Fed wrestling with low inflation. The major news yesterday was the release of the FOMC’s July meeting minutes. As I’ve stated many times, investors look to the minutes for insight into the Fed’s thinking on monetary policy. There were two significant take-aways. […]
Equities and the Economy: • Stocks end little changed. • July Retail sales strong. U.S. stocks ended little changed yesterday with the Dow closing up 5 points at 21,999, the S&P 500 falling a single digit to 2,465 and the Nasdaq dropping 7 to 6,333. Pure chatter evidenced by the fact the trading volume yesterday […]
