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Europe: +44 (0) 207 198 1634 Equities and the Economy: U.S. equities were on the defensive yesterday. One stupid headline I read blamed the unknown surrounding last night’s presidential debate. The real reason was something that didn’t even happen in America (which is why I follow global events). Deutsche Bank’s stock, Germany’s largest bank, got whacked yesterday, down 7.1% and hitting […]
Equities and the Economy: Although U.S equities closed lower on Friday, with the Dow closing down 131 points, 0.7%, at 18,261, the S&P 500 off 12, 0.6%, to 2,165 and the Nasdaq dropping 34, 0.6%, ending at 5,306, it was a pretty good week with the S&P gaining 1.2%. Remember the Nasdaq closed at record […]
Equities and the Economy: Global equities were a sea of green yesterday with investors shaking off any jitters post the BoJ and, more importantly, FOMC meetings clicking the “buy” button. The Dow was up as much as 156 points and although it pulled back in the afternoon it still posted a good day ending up […]
Equities and the Economy: U.S equities activity was muted yesterday awaiting both the conclusion of the Bank of Japan’s monetary meeting and the FOMC meeting today. The Dow rose 10 points to 18,130, the S&P 500 rose 1 to 2,140 and the Nasdaq finished up 6 points to 5,241. Chatter. Getting right to it, overnight […]
Equities and the Economy: Friday capped a very volatile week for U.S. stocks with the Dow closing down 89 points, 0.49%, at 17,124, the S&P 500 fell 8 points, 0.38%, ending at 2,139 and the Nasdaq finished off 5, 0.10%, at 5,245. Now for the good news. The S&P 500 squeezed out a weekly gain […]
Equities and the Economy: On Friday U.S stocks had their worst day since June with investors hitting the “sell” button and taking profits. The Dow lost 394 points, 2.1%, ending at 18,085, the S&P 500 shed 53 points, 2.45%, to finish at 2,128 (the biggest one day drop since June 24th, the day after the […]
Equities and the Economy: U.S. stocks continue to climb the Wall of Worry closed marginally higher yesterday with the Dow up 46 points to 18,538, the S&P 500 up 7 to 2,186 and the Nasdaq up 26 to 5,276 which is a record high for the tech heavy index! By the way, climbing the Wall […]
Equities and the Economy: It was “bad news is good news” on Friday with the closely watched Labor Department’s Employment Situation Report for July released. The bad news was that per the department 151,000 jobs were added in the month with economists forecasting an increase of 180,000. The good news was that investors interpreted the […]
Equities and the Economy: The day began in a lackluster fashion but didn’t stay that way for long. About an hour after the opening investors came in buying and continued to do so throughout the session with the financial sector leading the way. The Dow closed up 108 points, 0.58%, at 18.503. The S&P 500 […]
Equities and the Economy: ANOTHER amazingly lackluster day yesterday. The Dow fell 33 to 18,488, the S&P 500 lost 3 to 2,172 and the Nasdaq finished down 5 to 5,212. Volume continues to be anemic. It’s as if the market is in a state of suspended animation. Everyone’s waiting on Janet Yellen who will be […]
