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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Day started good. Ended bad. • ADP data shows U.S. Labor market strong. Boy did it look like it was going to be a very good day. The ADP Research Institute reported yesterday the private sector added 263,000 jobs last month which was not only 70 thousand above the consensus […]
Equities and the Economy: • Trading muted. • Earnings need to verify current lofty stock prices. The action was muted yesterday with the Dow closing up 39 at 20,689, the S&P 500 adding a single point to 2,360 and the Nasdaq closing 4 points higher at 2,692. At the macro level there really hasn’t been […]
Equities and the Economy: • U.S. stocks suffer marginal loss yesterday. • Disappointing auto sales weigh. U.S. equities closed marginally lower yesterday under the weight of disappointing auto sales. The Dow lost 13 points ending at 20,650, the S&P 500 closed down 4 at 2,359 and the Nasdaq fell 17 points to 5,895. GM, Ford […]
Equities and the Economy: • Stocks post marginal losses on Friday. • Solid gains for Q1. The major U.S. stock indexes closed marginally lower on Friday with the Dow falling 65 points to 20,663, the S&P 500 off 5 to 2,363 and the Nasdaq losing 3 points to 5,912. Looking at it from a longer […]
Equities and the Economy: • U.S. stocks close higher on upwardly revised Q4 2016 GDP. • Nasdaq logs 21st record high. The Commerce Department reported revised Q4 2016 GDP data yesterday noting GPD for the quarter rose 2.1%, up from the previously reported 1.9%. The rise was due to increased consumer spending which rose 3.5% […]
Equities and the Economy: • Stocks end little changed. • Dow down 9 of last 10 sessions. Nasdaq closes up for 4th consecutive day. Muted price action was the order of the day yesterday. That being said, the Dow, which closed 42 points lower at 20,659, posted its 9th loss in 10 sessions. At the […]
Equities and the Economy: • Dow snaps eight day losing streak. • Consumer confidence and home sales drive equities. After closing lower for 8 straight sessions the Dow had a big up day yesterday rising 150 points, 0.73%, ending at 20,702. The S&P 500 and Nasdaq had good days too with the former closing up […]
Equities and the Economy: • Dow closes lower for 8th straight day. • Yesterday could have been a lot worse. Yesterday the Dow fell 46 points, 0.2%, to 20,551 marking its 8th consecutive day of losses not seen since way back in August 2011. But it could have been much, much worse for at one […]
Equities and the Economy: • U.S. stocks closed mixed after AHCA bill is pulled. • Investors selling this morning. Donald Trump found out on Friday there’s a big difference between being an obstructionist and having to govern. Knowing he didn’t have the minimum number of votes, on Friday afternoon House Speaker Paul Ryan pulled the […]
Equities and the Economy: • Mixed and muted session with below average volume. • All eyes on the House. It was a quiet day on Wall Street yesterday with the major indexes closing basically flat to Wednesday on below average volume. The Dow lost 5 points to 20,657, the S&P 500 fell 2 to 2,346 […]
