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Europe: +44 (0) 207 198 1634 Equities and the Economy If you were an equity day trader yesterday it was a chop fest and most probably you lost money. After opening lower and being down as much as 127 points around noon eastern, stocks found some buyers, moved higher all afternoon and closed at their highest levels of the day. The […]
Equities and the economy Investors and traders must have overloaded on hamburgers, hot dogs and BBQ on July 4th because they had no appetite for risk yesterday selling equities in Europe and the U.S. breaking a 4 session rally. The Dow fell 109 points, 0.61%, closing at 17,841, the S&P 500 500 lost 14 points, […]
Equities and the economy On Friday U.S. stocks booked a 4th consecutive gain with the Dow adding 19 points to 17,949, the S&P 500 gaining 4 to 2,103 and the Nasdaq rising 20 points to 4,863. The Dow came within a whisker of its pre-Brexit close of 18,011 before retreating in the afternoon. The S&P […]
Equities and the economy Brexit??? More like Brexwhat! U.S. stocks continued higher for the third consecutive day with the Dow popping 235 points, 1.33%, to 17,930, the S&P 500 gaining 28 points, 1.36%, ending at 2,099 and the Nasdaq rising 63, 1.33%, to 4,843. We just had the best 3 day gain in stocks since […]
Equities and the economy Brexit. What Brexit?! Yesterday European and U.S. stocks posted a second consecutive day of super gains with the Dow climbing 285 points, 1.64%, to 17,695, the S&P 500 rose 35 points, 1.70%, ending at 2,071 and the Nasdaq finished up 1.86%, 87 points, at 4,779. Over the last two days the […]
Equities and the economy Boy did we need yesterday. After getting hammered the prior two sessions equities around the world rallied big yesterday somewhat repairing our 401K’s and stock portfolios. The Dow posted a great gain of 269 points, 1.57%, to 17,410, the S&P 500 rose 36, 1.78%, ending at 2,036 and the Nasdaq popped […]
Equities and the economy Investors had the weekend to think about Brexit, and their opinion didn’t change from Friday. They don’t like it. Not at all. Yesterday the Dow closed down 261 points, 1.50%, finishing at 17,140, and that was after an intraday rally from 77 points lower. The S&P 500 lost 37 points, 1.81%, […]
Equities and the economy The last Blog was last Tuesday morning but there’s no reason to comment about Wednesday’s or Thursday’s market action for all that mattered was what happened Friday and I’m sure you know by now stocks around the globe plunged on the surprising results that British voters chose to leave the European […]
Equities and the economy Last week and yesterday remind me of the memorable 1984 movie Karate Kid where Kesuke Miyagi teaches Daniel LaRusso karate with the training beginning with menial chores including waxing Miyagi’s car stating “Wax on. Wax off.” Well lately it’s been “Risk-off. Risk-on” in the global equity markets. Whereas last week it […]
Equities and the economy U.S. stocks closed out a difficult week on a modestly lower note Friday as investors continued to shed risk over concerns about the Brexit vote and whether or not Britain would leave the European Union. The Dow closed down 58 points, 0.3%, at 17,675, the S&P 500 fell 7 points, also […]
