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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. Yesterday U.S. equities ended the way they started, sedate. The Dow closed up 16 points at 18,225 and both the S&P 500 and Nasdaq lost a point ending at 2,114 and 4,967, respectively. You can’t get much less price movement. I must add though that the Dow’s small gain […]
Equities and the economy Good morning. Over the past few years I’ve occasionally said “thank you” to the Fed for its QE action in supporting the economy which helped drive stocks higher. Now I’m saying “Thank you ECB. Thank you Mr. Draghi!” Six years after the Fed took a similar step, the ECB took its […]
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. 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. WOW! What a good day! How good was it? It was so good the stock market went MAD! MAD is when the Dow logs a major accumulation day which is defined as a session when the up volume on the NYSE is at least 9 times more than the down volume. Yesterday was […]
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. U.S. stocks bounced nicely from Monday’s losses yesterday driven by fundamental news. Yesterday the Dow climbed a nice 103 points closing at 17,880, the S&P 500 jumped 14 to 2,067 and the Nasdaq was up 29 to 4,756. Driving equities higher was positive news on the construction front with spending rising a stout […]
Good morning. I hope everyone enjoyed the holiday and got a chance to spend time with your loved ones. Let’s see what’s transpired since last Monday which was the last closing data reported. On that day the Dow and S&P 500 closed at record highs of 17,818 and 2,069, respectively. The Nasdaq closed at 4,755. […]
Good morning. Once again the Dow and S&P 500 set record highs but by the barest of margins. The Dow added a mere 8 points to 17,818 and the S&P gained 6 to 2,069. The bellwether S&P has risen 7 of the last 8 days and has gained 12% this year. Remember, this is after […]
Good morning. After hitting new highs on Tuesday U.S. equities slipped back yesterday but the damage was extremely minor. The Dow lost 2 to 17,686, the S&P 500 ended down 3 to 2,049 while the Nasdaq fared much worse shedding 27 points to 4,676. Not bad considering the S&P has hit 8 record highs and […]
