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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. Yesterday we had a second consecutive great day on Wall Street with all the three major indexes closing materially higher. The Dow rose 369 points, 2.27%, ending at 16,654, the S&P 500 added 47 points, 2.4%, to 1,988 and the Nasdaq closed up 115, 2.5%, at 4,812. Global equity […]
Equities and the Economy Good morning. After six sessions of negative news, for that is how long this losing streak has lasted, I finally get to relay (and I bet you already know what I’m going to say!) U.S. equities had a good day. No, they had a great day! In fact, on a percentage […]
Equities and the Economy Good morning. Horrible, horrible, horrible price action yesterday. When I came in yesterday Dow futures were up 523 points. When I finished writing this Report the Dow had eased off to being up 283 points. When closing bell rang all the gains evaporated with the Dow finishing down 205 points,1.29%, at […]
Equities and the Economy This is not the déjà vu I wanted to see all over again. At least you have your health (hopefully!) because our 401K’s or portfolios continue to get pounded. Ugly is not a proper description for yesterday. Grotesque is a better word. Forget economic reports. Forget PMI’s. Forget housing starts. Forget […]
Equities and the Economy Good morning. I return from my vacation with the dubious distinction of having to report that panic struck the equity markets yesterday with U.S. stocks suffering their worst selloff in 2015. It was a broad-based rout with the S&P 500 losing 44 points (2.11%) to 2,036 and posting its biggest one […]
Please note: This will be the last Morning Energy Blog until August 21st. I will be on vacation with my two teenage daughters trying to do some bonding, if that’s even possible with teenagers. Equites and the Economy As I mentioned yesterday, the global equities market got hit with a tsunami yesterday when Monday night […]
Note: Tomorrow will be the last Morning Energy Blog until Friday August 21st. The author is taking a long overdue vacation with his daughters. Equities and the Economy U.S. stocks had a great day yesterday (finally) closing near their highs for the day. The Dow shot up 242 points, 1.39%, at 17,615, the S&P 500 […]
Equities and the Economy Good morning and happy National Raspberries N’ Cream Day. U.S. stocks ended lower once again yesterday primarily driven but weak earnings, but technicals are also playing a role. Regarding the former, it was the media companies turn to get slammed yesterday (remember this is after Disney, another stock market “general,” lost […]
Equities and the Economy Good morning and happy National Fresh Breath Day. U.S. stocks closed mostly higher yesterday although the Dow was unable to shake off a weak performance by Disney (down 9%,ouch!) and, once again, energy shares. After flipping between gains and losses yesterday the Dow ended off 11 at 17,540 while the S&P […]
Equites and the Economy Good morning and happy National Oyster Day. For a third consecutive day U.S. stocks closed lower with the Dow falling 47 points, to 17,551, the S&P 500 lost 5 closing at 2.093 and the Nasdaq was off 9 to 5,106. Similar to the previous sessions all the indexes closed well off […]
