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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks close lower. • Lofty forward P/E ratios and higher interest rates not compatible. Yesterday stocks retreated on what I consider normal price action. The Dow fell 51 points closing below 21,000 at 20,954, the S&P 500 lost 8 points to 2,375 and the Nasdaq dropped 22 points to 5,849. […]
Equities and the Economy: • Stocks retreat after previous huge day. • Market still looks healthy. After a huge day on Wednesday profit taking came in yesterday and stocks closed lower. The Dow fell 112 points, 0.53%, to remain a gnat’s eyelash above 21,000 at 21,003. The S&P 500 lost 14, 0.59%, to 2,282 and […]
Equities and the Economy: • U.S. stocks post best day of 2017. • Dow closes above 21,000 for the first time ever. WOW! What a day! Not only did all the major indexes close at record levels, they did it in grand fashion! The Dow broke through the 21,000 barrier surging 303 points, 1.5%, to […]
Equities and the Economy: • Dow 12 day winning streak breaks. • Rally is resuming today. All three major indexes closed lower yesterday including the Dow which broke its 12 day winning streak, its longest winning streak since 1987. However, the losses for the Dow and S&P 500 were minor. The Dow fell 25 points, […]
Equities and the Economy: • ANOTHER record close for the Dow. • Streak is getting long in the tooth. The Dow closed at its 12th consecutive high yesterday at 20,837, up 16 points. The S&P 500 also ended at a record high of 2,370, up 2 points, and the Nasdaq closed just shy of its […]
Equities and the Economy: • Dow posts 11th straight record. • S&P 500 has 5th weekly gain. U.S. equities have been screaming the last 3 ½ months and the party continued Friday. The major indexes traded in the red for almost the entire day but staged, literally, a last minute rally ahead of the closing […]
Equities and the Economy: • All three major stock indexes close at record highs on Friday. • Post solid gains for the week. Although trading mostly lower most of the day, the three major bourses eked out gains on Friday setting new record highs. The Dow closed up 4 points at 20,624 and the S&P […]
Equities and the Economy: • Dow marks 6th consecutive record, barely. • S&P and Nasdaq retreat marginally. U.S. stocks ended little changed yesterday but it was enough for the Dow, which rose 8 points to 20,620, to set a 6th straight record high. The S&P 500 closed down 2 points at 2,347 and the Nasdaq […]
Equities and the Economy: • Both U.S. and global equities continue to advance. • Trumponomics driving the market. All three major U.S. bourses closed higher on Friday. The Dow added 97 points, 0.48%, to 20,269 (note that’s solidly above 20,000), the S&P 500 finished 8 points up, 0.36%, at 2,316, a new record high, […]
Equities and the Economy: • Stocks close lower snapping 3 day winning streak. • Losses a flesh wound. U.S. equities closed marginally lower yesterday with the Dow off 19 points ending at 20,052, the S&P 500 shedding 5 points to 2,293 and the Nasdaq closing at 5,663, down 3. Per the Black Knight, “a flesh […]
