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Archive for the ‘OPEC’ Category

Morning Energy Blog – February 14, 2017

Equities and the Economy: • Major indexes close at record high for third consecutive session. • S&P 500 reaches market cap of $20 trillion for first time ever. U.S. stocks extended gains yesterday with the three major indexes closing at record highs for the third consecutive session with financial and industrial stocks leading the way. […]

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Morning Energy Blog – February 13, 2017

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, […]

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Morning Energy Blog – February 3, 2017

Equities and the Economy: • Headlines, not earnings data, dominating. • Employment Report for January just released. The U.S. indexes continued the chop that’s been prevailing this week. The Dow shed 38 points ending at 19.853, the S&P 500 slipped 3 to 2,276 and the Nasdaq lost 14 to 5,627. It’s earnings season and earnings […]

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Morning Energy Blog – February 2, 2017

Equities and the Economy: • After two down days stocks bounce back marginally. • FOMC leaves interest rates unchanged. U.S. equities bounced back marginally yesterday with the Dow closing up 27 at 19,891 which was disappointing because the index was up more than a 100 points intraday. The S&P 500 added only a point ending […]

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Morning Energy Blog – January 30, 2017

Equities and the Economy: • Q4 2016 GDP disappoints. • U.S. equities close the week mixed. The Commerce Department reported on Friday that 4th quarter 2016 GDP grew at an annualized rate of 1.9% which was disappointing for economists were looking for something closed to 2.2%. This was after Q3 2016 GDP rose at a […]

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Morning Energy Blog – January 27, 2017

Equities and the Economy: • Dow posts a second consecutive record high. • S&P 500 and Nasdaq close unchanged. It was a small gain but enough for the Dow to close at a record high for a second consecutive day rising 32 points to 20,101. After closing at record highs Tuesday and Wednesday the S&P […]

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Morning Energy Blog – January 25, 2017

Equities and the Economy: • S&P 500 and Nasdaq close at record highs. • Dow 20,000 back in play. A solid round of corporate earnings and a positive batch of PMI’s boosted investors’ confidence bringing in buying pushing the S&P 500 and Nasdaq to record highs. The S&P closed up 15 points, 0.66%, at 2,281 […]

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Morning Energy Blog – January 24, 2017

Equities and the Economy: • U.S. stocks continue to meander. • Volume very low. The major U.S. equity index closed lower yesterday with the Dow falling 37 to 19,800, the S&P 500 off 6 to 2,265 and the Nasdaq closing down a scant 2 points at 5,553. Chatter. Trading volumes are extremely low, not just […]

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Morning Energy Blog – January 20, 2017

Equities and the Economy: • Dow closes lower for 5th consecutive day. • S&P still up 5.8% since November 8th election. U.S. equities fell for a 5th consecutive session yesterday. The Dow closed down 73 points at 19,732, the S&P lost 8 to 2,264 and the Nasdaq settled 16 points lower at 5,540. This is […]

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Morning Energy Blog – January 19, 2017

Equities and the Economy: • Caution prevails. • U.S. indexes closed mixed. Caution remained the order of the day with another choppy day for U.S. equities. The Dow closed down 22 points at 19,805 while the S&P 500 and Nasdaq closed 4 and 17 points higher at 2,272 and 5,556, respectively. Over the past month […]

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