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Europe: +44 (0) 207 198 1634 Good morning. After about 3 weeks of crazy volatility I guess equities became exhausted (at least I know traders were!) and took the day off yesterday ending mostly flat to Friday. The Dow rose 12 points to 16,818, the S&P 500 fell 3 to 1,962 and the Nasdaq added 2 to 4,486. Shares of energy […]
Good Morning. Yesterday was the antithesis of Tuesday. A bad day. A very bad day. The S&P 500 traded up to the level I mentioned in my Report on Tuesday, 1,949 (technically I said 1,930 to 1,943 but most definitely close enough), and failed. We actually traded marginally higher in the morning, as high as […]
Good Morning. An excellent day. A very excellent day! A day those bad bears limped wounded back to their caves. On the heels of word the ECB is considering buying corporate bonds (which pushed up Germany’s, France’s and London’s stock markets up 1.95, 2.3% and 1.7, respectively) and very good earnings reports from Apple all […]
Good Morning. We got back from a wild week yesterday with everyone wondering if the bears would emerge from their hibernation over the weekend and pick up where they left off last Thursday. Well the market worked really hard to not make a lot of noise and not wake the bears yesterday and stocks moved […]
Good morning. After five days of massive intraday swings and steep losses the U.S. equities market rallied very nicely on Friday with the all the major indexes closing out the week registering more than 1% gains on Friday. The Dow climbed 263 points, 1.6%, closing at 16, 380, the S&P 500 added 24, 1.3%, to […]
Good morning. During the last hour of trading yesterday I felt like I was hanging onto the edge of a 50 ft. ledge just hoping selling wouldn’t come pouring in at the close. And it didn’t. Whew! Although the Dow did close down 24, at 16,117, it could have been a lot worse for about […]
Good morning. Equities continue to get pummeled with the Dow closing down 173, 1.06%, to 16,142, the S&P 500 lost 16, 0.84%, to 1,862 and the Nasdaq dropped 12, 0.29%, to 4,215. And are you ready for this, at one point in the day the Dow was down 460 points! The S&P closed at its […]
Good morning. After 3 days of a nightmare on Wall Street U.S. equities stabilized yesterday with the Dow ending down 6 to 16,315, the S&P 500 up 3 to 1,878 and the Nasdaq up 14 to 4,227. That being said, if you have energy stocks in your portfolio you’re still feeling pain (Chevron down 2% […]
Good morning. Death by a thousand cuts. That’s what’s happening to U.S. stocks. Well folks, the correction is in full swing with the Dow closing down another 223 points lower, 1.35%, at 16,321, the S&P 500 losing another 31 points, 1.65%, to 1,875 and the Nasdaq down another 63, 1.46%, to 4,214. I don’t know […]
Good morning. Investing in equities is all about growth and economic reports, or a lack thereof, and are killing stocks taking a toll on investors. And not just here in the U.S. but globally. On Friday an index of global equities hit a 7 month low and oil slumped to a 4 month low (more […]
