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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. Purge. Heave. Hurl. I’m not talking about a body’s response after consuming too much alcohol but the analogy applies to equities yesterday. And don’t look at your 401K. You ain’t gonna like it. After yesterday we are all going to have to work a little longer. So how bad […]
Equities and the Economy Good morning. Friday continued the see-saw pattern we’ve witnessed lately with U.S. equities closing sharply higher following a sell-off on Thursday with the Dow climbing 168 points (0.94%) and once again over 18,000 to 18,127. The S&P 500 gained 19 (0.90%) to 2,108. The Nasdaq jumped 34 (0.68%) ending at 5,026 […]
Equities and the Economy Happy first day of Spring! It just seems we can’t get any momentum in stocks. Literally it’s one day up and the next day down. After the big Fed induced rally on Wednesday U.S. stocks retreated on Thursday with the Dow falling 117 points (0.65%) and back below 18,000 to 17,959 […]
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 […]
