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Europe: +44 (0) 207 198 1634 Equities and the Economy: • S&P 500 closes at record high. • FOMC minutes of May meeting reinforce rate hike coming. Like a boxer getting knocked to the mat, i.e., last Wednesday, U.S. equities bounced up and keep on fighting. Yesterday the S&P 500 closed 6 points higher at 2,404 and while the gain was […]
Equities and the Economy: • Stocks post worst daily performance in 8 months. • Investors deleverage on belief President Trump’s pro-growth agenda delayed. Ugly. Very ugly. “Black swan” events are by definition unforeseen and yesterday’s came from the political arena. After marking record highs as recently as Monday, the U.S. major indexes got obliterated yesterday […]
Equities and the Economy: • Nasdaq logs another record high. • U.S. manufacturing production highest in more than 3 years. It was another stellar day for the technology sector with the Nasdaq once again closing at a new record high posting a 20 point gain to 6,170. The Dow and S&P 500 basically closed flat […]
Equities and the Economy: • Dow and S&P post first weekly loss in nearly a month. • Lack of volatility persists. On Friday the Dow closed down 23 points finishing at 20,897 and the S&P 500 slipped 4 to 2,391. However, the Nasdaq, which has been el fuego for the last few weeks, squeaked out […]
Equities and the Economy: • U.S. equities have their worst day in 2017. • Break history setting run without 1% loss. It was bound to happen. Just when I write a paragraph on how the market has gone forever without a 1% we get one. Yesterday U.S. stocks logged their worst day in 2017 with […]
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. equities notch 4th consecutive record close. • Fed chairperson Yellen signals higher interest rates are coming. The three major U.S. stock indexes all posted record highs for the 4th consecutive day yesterday with the Dow closing up 92 points, 0.5%, at 20,504, the S&P 500 finishing 9 points higher, […]
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 […]
Equities and the Economy: • Record highs again for Dow and Nasdaq. • Banking sector driving the market. The Dow gained 92 points yesterday, 0.5%, closing at a record high of 19,975 trading intraday even higher at 19,988, just 12 points shy of 20,000. The Nasdaq also closed at a record high at 5,484, up […]
Equities and the Economy: • Dow and S&P 500 once again finish at record highs. • S&P and Dow has best winning streak since June 2014. As Buzz Lightyear would say, “To infinity and beyond!” which is characterizing the U.S. stock market. On Friday the S&P and Dow closed at another record high with the […]
