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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning and happy National Lobster Day. Nobody on Friday could justify having lobster for dinner with all three indexes getting pounded. The Dow lost 140 points (0.78%) to 17,898, the S&P 500 fell 15 (0.70%) to 2,094 and the Nasdaq dropped 32 (0.62%) to 5,051. European stocks got hammered even […]
Equities and the Economy Good morning and happy National Peanut Butter Cookie Day. There were a few fundamental economic reports out yesterday which pushed stocks higher. The most important was the Commerce Department’s Retail Sales report which showed May sales were up 1.2% which although below economists’ forecast of 1.3%, were up for the third […]
Equities and the Economy Good morning and happy National Making Life Beautiful Day. And it was a beautiful day for the equity markets and your stock portfolio yesterday with the Dow for the first time in five days closing higher, up a big 237 points, 1.33%, to an even 18,000, and returning to positive territory […]
Equities and the Economy Good morning and happy National Black Cow Day (aka Root Beer Float). U.S. equities closed virtually unchanged from Monday yesterday in a choppy session with the main indexes giving up earlier modest gains. The Dow closed down 3 points at 17,764, the S&P 500 added 1 to 2,080 and the Nasdaq […]
Equities and the Economy Good morning and happy National Donald Duck Day. U.S. equities continue to slip with all the major indexes ending lower yesterday. The Dow fell 83 points (0.5%), the S&P 500 lost 14 (0.7%) and the Nasdaq really took in on the chin losing 47 points (0.9%) to 5,022. The equity anchor […]
Equities and the Economy Good morning and happy Name Your Poison Day. The last Morning Energy Blog was published last Wednesday reflecting Tuesday’s market action so let’s see what’s transpired since that time. On Tuesday the Dow closed at 18,012, the S&P 500 at 2,110 and the Nasdaq at 5,077. On Friday the three indexes […]
Equities and the Economy Good morning and happy Repeat Day. Good morning and happy Repeat Day. It was another choppy day with day traders pushing the market up and down looking for stops, which they didn’t find. The range of the day was 167 points but stocks ended up pretty much unchanged from Thursday with […]
Equities and the Economy Good morning and happy Cellophane Tape Day. After a week of choppiness with new highs for equities, albeit on below average volume and barely above old highs, conviction returned to the markets yesterday and unfortunately it was of the negative variety. In fact “negative” does not do justice to the destruction […]
Equities and the Economy Good morning and happy National Blueberry Cheesecake Day. On Friday U.S. stocks traded like they had all week, choppy, with the Dow closing down 54 points at 18,232, the S&P 500 off 5 to 2,126 and the Nasdaq closing down 2 at 5,089. The results for the week reflected the week’s […]
Equities and the Economy Good morning and happy National Strawberries and Cream Day. It was another choppy session yesterday as modest post-Fed minutes gains evaporated by day’s end. The Dow lost 27 points to 18,285, the S&P 500 fell 2 to 2,126 while the Nasdaq squeaked out a gain of 2 to 5,072. There wasn’t […]
