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Archive for the ‘Saudi Arabia’ Category

Morning Energy Blog – December 18, 2017

Equities and the Economy: • Stocks move higher on prospects of tax bill passing. • All three major indexes close at records. U.S. equities have been moving up or down the last few weeks following the prospects of the tax reform bill passing. On Thursday Senators Rubio and Corker had concerns about the bill and […]

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Morning Energy Blog – December 5, 2017

Equities and the Economy: • Dow closes at record high. • Portfolio rebalancing continues. In a very volatile day U.S. equities closed mixed. Yesterday morning the three major indexes were up big driven higher by the Senate’s passage of their version of the tax reform bill over the weekend with the Dow up over 200 […]

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Morning Energy Blog – November 17, 2017

Equities and the Economy: • Equities rise sharply. • Strong corporate earnings and progress on tax reform. Well that wasn’t much of a dip. After falling 4 of the last 5 sessions, U.S. equities posted big gains yesterday. The Dow ended up a very nice 187 points, 0.8%, at 23,458. It was up as much […]

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Morning Energy Blog – November 15, 2017

Equities and the Economy: • Dow off for 3rd of 4th session. • Losses remain minor. The major U.S. stock indexes finished lower yesterday with the Dow closing down 30 points at 23,409, the S&P 500 falling 6 points to 2,579 and the Nasdaq dipping 20 points to 6,738. The positive news is that the […]

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Morning Energy Blog – November 13, 2017

Equities and the Economy: • Concerns on tax reform plans. • Profit taking. On concerns over the Senate’s tax plan, which delayed corporate tax cuts for a year, and with the strong performance of the equity markets in recent weeks, investors decided to take some profits on Friday. The Dow closed down 40 points at […]

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Morning Energy Blog – November 10, 2017

Equities and the Economy: • Stocks snap 7 session win streak. • Investors disappointed by Senate tax plan. U.S. stocks have climbed relentlessly higher of late and investors have been looking for an excuse to take profits, and they got one yesterday when the Senate released its tax plan. Whereas the House’s tax proposal immediately […]

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Morning Energy Blog – November 8, 2017

Equities and the Economy: • Dow ends at record. • S&P and Nasdaq flat to down marginally. It was a choppy day yesterday but saying that, the Dow did manage to eke out another record high closing up 9 points at 23,557. The S&P 500 closed flat to Monday at 2,591 and the Nasdaq slipped […]

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Morning Energy Blog – November 7, 2017

Equities and the Economy: • Stocks continue to set record highs. • Corporate earnings and merger talk drivers. Pushed by positive corporate earnings reports and merger (actually mega-merger!) talks the primary stock indexes closed at record highs yesterday. While the Dow and S&P 500 posted marginal gains it was enough to set new records. The […]

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Morning Energy Blog – November 6, 2017

Equities and the Economy: • All three major indexes close at record highs. • Apple drives the indexes. On the back of Apple, the world’s most valuable publically traded company, all three major U.S. indexes closed at record highs. The company posted a better than expected sales forecast for this holiday shopping season and reported […]

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Morning Energy Blog – November 3, 2017

Equities and the Economy: • Another record high for the Dow. • House Republicans unveil tax cut bill. The Dow yesterday rallied 81 points to close at a new record high of 23,516. This is the 55th record closing high for the blue-chip index this year. Absolutely amazing! The S&P 500 closed flat to Wednesday […]

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