US: +1 (877) 51 POWER 
Europe: +44 (0) 207 198 1634 Good morning. After 3 days of a nightmare on Wall Street U.S. equities stabilized yesterday with the Dow ending down 6 to 16,315, the S&P 500 up 3 to 1,878 and the Nasdaq up 14 to 4,227. That being said, if you have energy stocks in your portfolio you’re still feeling pain (Chevron down 2% […]
Good morning. Death by a thousand cuts. That’s what’s happening to U.S. stocks. Well folks, the correction is in full swing with the Dow closing down another 223 points lower, 1.35%, at 16,321, the S&P 500 losing another 31 points, 1.65%, to 1,875 and the Nasdaq down another 63, 1.46%, to 4,214. I don’t know […]
Good morning. Investing in equities is all about growth and economic reports, or a lack thereof, and are killing stocks taking a toll on investors. And not just here in the U.S. but globally. On Friday an index of global equities hit a 7 month low and oil slumped to a 4 month low (more […]
Good morning. Thank you Fed. Thank you, thank you, THANK YOU! Yesterday right when the major indexes were posting multi-month lows the minutes of the Fed’s September 16-17 meeting in which was stated that 1) that raising interest rates was data dependent and 2) the Fed was concerned about the strength of the U.S. dollar. […]
Good morning. Well the liquidation and correction is in full swing. Is it the curse of October? Yesterday the market just got pounded extending its losses from Monday with the Dow falling a very material 273 points, 1.60%, the S&P 500 down 30, 1.51%, to 1935 and the Nasdaq closing at 4,385, down 70, 1.56%. […]
Good morning. If you recall yesterday when I wrote this Report the Dow was up 70 points and I mentioned that it was a nice start but as in life it’s how you finish. And equities did not finish well yesterday. Indeed it appears the “pop” we had Friday and yesterday morning was the opportunity […]
Good morning. On the heels of a really positive Labor Department Employment Situation Report U.S. equities rallied big on Friday with the Dow climbing 209 points, 1.24% to 17,010, the S&P 500 added 22, 1.12%, closing at 1,968 and the Nasdaq ended up 46 points higher, 1.03%, at 4,476. Not to be Debbie Downer but […]
Good morning. I apologize for the delay in today’s report. I have been on conference calls since I walked in the office this morning. Consequently, today’s report will be briefer than normal (which may be to your delight!). Equities hung in there yesterday with the Dow closing down 4 to 16,802, the S&P 500 closed […]
Good morning. The grief continued yesterday with equities continuing their descent. The Dow lost 28 points to 17,043, the S&P 500 fell 6 to 1,973 (now well below 2,000) and the Nasdaq dropped 12 to 4,493. Other than the fact the length (time) of this bull market is in record territory and “tired” and in […]
Good morning. And it was a good weekend after Friday’s price action. Although equities did not recoup all their losses from Thursday they made a nice rebound. For example, the Dow rose 167 points, 0.99%, closing at 17,113 recovering 60% of Thursday’s decline. The S&P 500 climbed 17 points, 0.86%, to 1,983 and the Nasdaq […]
