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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning and happy Cellophane Tape Day. After a week of choppiness with new highs for equities, albeit on below average volume and barely above old highs, conviction returned to the markets yesterday and unfortunately it was of the negative variety. In fact “negative” does not do justice to the destruction […]
Equities and the Economy Good morning and happy National No Dirty Dishes Day. Carry on Wayword Son! No, I’m not talking about Kansas. I’m talking about the S&P 500 which on Friday closed at a record high for the second straight day. I know it barely did so (+2 points to 2,123) but I don’t […]
Equities and the Economy Happy Let’s Laugh Day, which is globally celebrated day. The FOMC concluded their two day meeting and with great anticipation and the world parsed very word of the post-meeting communique. And there was no “patience.” So you would have thought equities would have gotten pounded because the lack of “patience” means […]
Equities and the Economy Good morning. U.S. stocks bounced back from a really lousy Friday with the Dow gaining 139 points to 17,996, the S&P 500 adding 8 points to 2,079 and the Nasdaq closing up 15 at 4,942. Unfortunately these gains were less than half of Friday’s losses. There was no fundamental economic data […]
Equities and the Economy Good morning. As I’m sure you know, yesterday the U.S. stock market was closed for President’s Day so we need to go back to Friday for the last price action. On that day stocks closed marginally higher with the Dow climbing 47 points to 18,019 and the S&P 500 rising 9 […]
Good morning. U.S. equities ended lower yesterday for a second straight session with the Dow losing 97 points to close at 17,641, the D&P 500 fell 17 to 2,028 and the Nasdaq was off 39 points to 4,665. The assault on stocks was once again driven by lower oil prices as investors continue to worry […]
Good morning. Welcome back one and all. I truly hope you had a wonderful holiday and could spend time with your loves ones. The last Morning Energy Report was on Tuesday December 30th reflecting the price action of the day before so let’s see what’s happened in 4 calendar days and 3 trading days. Last […]
Good morning. The last publication of the Morning Energy Report was on December 19th discussing the market action of December 18th so 10 calendar days have passed and 5 trading sessions. During this time we’ve had a heck of a holiday rally with the Dow climbing 699 points, 4%, the S&P 500 climbing 76 points, […]
Good morning. As I say, it’s not the open that counts. It’s the close. Yesterday morning Dow futures were up triple digits. It closed down triple. The Dow lost an even 100 points, 0.6%, yesterday closing at 17,181. The S&P 500 fell 13 points, also 0.6%, ending at 1,990. The Nasdaq got absolutely bludgeoned closing […]
Good morning. Friday was a horrible day for U.S. stocks. The Dow lost 316 points, 1.79%, the S&P 500 dropped, 33, 1.62%, and the Nasdaq ended off 55 points, 1.16%, at 4,654. It wasn’t just Friday that stunk. The whole week did with the S&P down 3.5%, its worst weekly performance since May 2012. The […]
