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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Not much movement in a week. • Housing market hot. I’ve been in Washington D.C. for a week with my two teenage daughters and while still monitoring the markets, my last Morning Energy Blog was June 14th, which discussed the markets on June 13th, so let’s see how things have […]
Equities and the Economy: • Dow and S&P set record highs. • FOMC meeting concludes today. After two days of capitulation technology shares rebounded pushing the Dow and S&P 500 to new record highs. The Dow gained 93 points to close at 21,328 and the S&P rose 11 points to 2,440. While the Nasdaq didn’t […]
Equities and the Economy: • Tech rout continued. • Dow snaps 3 day gain. All three major U.S. indexes closed lower yesterday weighed down by a second straight session of firm losses in technology shares. The Nasdaq once again posted the largest losses closing down 32 points, 0.5%, at 6,175 suffering its worst two session […]
Equities and the Economy: • Tech stocks get destroyed. • Overall market remains healthy. On Friday it was as if Isaac Newton discovered gravity with the Apple falling, and falling hard. The “fruit company” [Forrest Gump] stock dropped a huge 3.9% on Friday amidst a rout in technology stocks. The Nasdaq, which intraday posted a […]
Equities and the Economy: • Investors digesting major news events from yesterday. • Nasdaq finishes at record high. Investors are digesting the trifecta of news events that occurred yesterday. The first event was the conclusion of the ECB’s meeting. The central bank made no changes to their current accommodative monetary stimulus program but changed the […]
Equities and the Economy: • Caution prevails. • Today is “Super Thursday.” U.S. stocks ended little changed yesterday as investors remain cautious ahead of three big news events. All of which happen today. Today has even got a moniker, “Super Thursday.” The most important event for those of us in the U.S. is the oral […]
Equities and the Economy: • Investors remain cautious. • Three major events tomorrow. Yesterday was a second consecutive day of investors marginally shifting to safety and out of stocks. The Dow fell 48 points ending at 21,136, the S&P 500 dropped 7 points to 2,429 and the Nasdaq slid 21 points to 6,275. Those movements […]
Equities and the Economy: • Equities end slightly lower. • Globally, investors slightly more cautious. U.S. stocks ended marginally lower yesterday with the Dow closing down 22 points at 21,184, the S&P 500 ended off 3 points to 2,436 and the Nasdaq fell 10 to 6,296. Not really a big deal being we had multiple […]
Equities and the Economy: • U.S. stocks closed for 2nd consecutive session at record highs. • May jobs report disappointing. The Labor Department released its jobs report for May and it was in large contrast to the ADP report. Earlier in the week ADP’s report showed the U.S. added a whopping 253,000 private sector jobs […]
Equities and the Economy: • All three U.S major indexes close at record highs. • Global equities also setting record highs. Equities around the world are on a tear! On the heels of a very strong ADP private-sector employment report investors came in buying, well, everything! Forecasts were for 185,000 private sector jobs to […]
