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Europe: +44 (0) 207 198 1634 Good morning. You know what today is? It’s the day you poor souls in states where there were contested congressional or gubernatorial races stop getting barraged with caustic television ads and political survey calls blowing up your telephone during dinner! Three cheers! Last night’s midterm elections were more exciting than the action in yesterday’s equities […]
Good morning. Coming off record highs and penultimate election day investors stayed on the sidelines and the markets yesterday ended pretty flat to Friday. The Dow fell 25 points to 17,366, the S&P 500 closed flat at 2,018 and the Nasdaq managed to eke out a gain of 8 to 4,639. As I mentioned in […]
IMPORTANT. As you know the Morning Energy Report (now named “Blog”) is being delivered to you via a link to our website where it and a plethora of other information and energy data are available. I’ve received feedback from a few readers they are having difficulty reading the Blog, specifically, not being able to scroll […]
Good morning. Friday ended a solid week of gains for U.S. equities with the Dow closing up a hefty 128 points at 16,805, the S&P 500 adding 14 to 1,965 and the Nasdaq closing at 4,484, up a big 31. For the week the Dow rose 2.6%, the S&P 4.1% and the Nasdaq 5.3%. It […]
Good Morning. Yesterday was the antithesis of Tuesday. A bad day. A very bad day. The S&P 500 traded up to the level I mentioned in my Report on Tuesday, 1,949 (technically I said 1,930 to 1,943 but most definitely close enough), and failed. We actually traded marginally higher in the morning, as high as […]
Good Morning. An excellent day. A very excellent day! A day those bad bears limped wounded back to their caves. On the heels of word the ECB is considering buying corporate bonds (which pushed up Germany’s, France’s and London’s stock markets up 1.95, 2.3% and 1.7, respectively) and very good earnings reports from Apple all […]
Good Morning. We got back from a wild week yesterday with everyone wondering if the bears would emerge from their hibernation over the weekend and pick up where they left off last Thursday. Well the market worked really hard to not make a lot of noise and not wake the bears yesterday and stocks moved […]
Good morning. After five days of massive intraday swings and steep losses the U.S. equities market rallied very nicely on Friday with the all the major indexes closing out the week registering more than 1% gains on Friday. The Dow climbed 263 points, 1.6%, closing at 16, 380, the S&P 500 added 24, 1.3%, to […]
Good morning. During the last hour of trading yesterday I felt like I was hanging onto the edge of a 50 ft. ledge just hoping selling wouldn’t come pouring in at the close. And it didn’t. Whew! Although the Dow did close down 24, at 16,117, it could have been a lot worse for about […]
Good morning. Equities continue to get pummeled with the Dow closing down 173, 1.06%, to 16,142, the S&P 500 lost 16, 0.84%, to 1,862 and the Nasdaq dropped 12, 0.29%, to 4,215. And are you ready for this, at one point in the day the Dow was down 460 points! The S&P closed at its […]
