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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Choppy day yesterday. • Yellen and Draghi speaking today. Stocks posted minor losses on another low volume day. The Dow finished down 29 points at 21,783, the S&P 500 lost 5 to close at 2,439 and the Nasdaq declined 7 to 6,271. Really not much more to talk about there […]
Equities and the Economy: • Dow loses 1% for first time in 64 sessions. • Confluence of factors bring in selling. Yesterday was a rough day for your portfolio or 401K with all the major indexes suffering material losses. The Dow fell 274 points, 1.2%, finishing at 21,750. This is the first time the Dow […]
Equities and the Economy: • Stocks push marginally higher. • FOMC minutes suggest Fed wrestling with low inflation. The major news yesterday was the release of the FOMC’s July meeting minutes. As I’ve stated many times, investors look to the minutes for insight into the Fed’s thinking on monetary policy. There were two significant take-aways. […]
Equities and the Economy: • Buy dip mode prevails. • S&P moves 1% for first time in 3 months. As has been the mode for about 9 years now, investors continue to buy price dips. After posting a lousy week investors jumped back into the market yesterday with the Dow rising a very nice 135 […]
Equities and the Economy: • S&P 500 has biggest one-day drop in almost 3 months. • Dow falls for 3rd consecutive day. Just as I talk about a lack of volatility, wham! The stock market gets whacked! Yesterday the Dow fell for the 3rd consecutive day losing 205 points, 0.93%, closing at 21,844. The S&P […]
Equities and the Economy: • Solid July jobs report. • Dow posts 8th consecutive record close. On the heels of a very solid Labor Department jobs report on Friday the Dow propelled to a new record close of 22,093 closing up 67 points. While the S&P 500 and Nasdaq didn’t end at records, they both […]
Equities and the Economy: • Earnings driving equities. • Nasdaq snaps 10 session win streak. After hitting new record highs earlier in the week, on Friday the major indexes closed marginally lower with the Dow off 34 points to 21,580, the S&P 500 sliding a single point to 2,473 and the Nasdaq ending a 10 […]
Equities and the Economy: • Multiple major U.S. indexes hit yet another record high. • Corporate earnings the driver. Better than expected corporate earnings from Morgan Stanley brought out the buyers yesterday who pushed numerous U.S. indices to new record highs including the Dow, S&P 500 and Nasdaq. The Dow climbed 66 points to 21,641, […]
Equities and the Economy: • S&P 500 and Nasdaq close at record highs. • Trading volume very low. U.S. stocks shrugged off concerns of the failure of Senate Republicans to push through a healthcare bill with both the S&P 500 and Nasdaq posting new record highs. The former did so barely edging up a single […]
Equities and the Economy: • U.S. equities hit record highs. • Weaker economic data suggest slower interest rate hikes. The last Morning Energy Blog was last Monday discussing the previous Friday’s market action and I can tell you it was a good week. The Dow and S&P 500 closed at record highs on Friday and […]
