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Europe: +44 (0) 207 198 1634 Equities and the Economy: For the 8th consecutive session the S&P 500 closed lower yesterday posting a 9 point loss finishing at 2,089. This is the S&P’s longest losing streak since the 2008 financial crisis. The Dow lost 29 to end at 17,931 and the Nasdaq fell 47 points, 0.92%, at 5,058. Before you panic […]
Equities and the Economy: More of the same yesterday. Nothing. The Dow closed down 19 at 18,142, the S&P 500 closed flat to Friday at 2,126 and the Nasdaq fell a single digit to 5,189. It really does look like investors want to get the election behind them before making any material investment decisions. Yesterday […]
Equities and the Economy: For a second consecutive session U.S. equities closed higher yesterday. The Dow closed up 41 at 18,203, the S&P 500 rose 5 to 2,144 and the Nasdaq added 3 to 5,246. A combination of rising oil prices and earnings releases supported the market. The former will be discussed below. With respect […]
Equities and the Economy: Aided by stronger than expected earnings U.S. stocks closed higher yesterday. After reaching a session high of 139 points the Dow settled back but still closed nicely in the green up 76 points, 0.42%, at 18,162. The S&P 500 added 13, 0.62%, ending at 2,140 and the Nasdaq rose 0.85%, 44 […]
Equities and the Economy: Friday was yet another choppy day with U.S. equities closing marginally lower as investors digested the Labor Department’s employment report. Although it was down as much at 119 points, the Dow clawed back most of that loss finishing down 28 points at 18,240, the S&P 500 ended off 7 at 2,154 […]
Equities and the Economy: Boy has this market been choppy lately. One day up. One day down. Yesterday was the former. The Dow closed up 113, 0.62%, at 18,281, the S&P 500 gained 9, 0.43%, finishing at 2,160 and the Nasdaq rose 26, 0.50%, to 5,316. As I mentioned previously, this market has been range […]
Equities and the Economy: U.S. equities failed to hold on to their early morning gains ending the day in the red. After being down by as much as 138 points the Dow fought back finishing the day down 85 points, 0.47%, at 18,168. The S&P 500 fell 11, ½%, to 2,150 and the Nasdaq as […]
Equities and the Economy: There were two material events yesterday and both were by central banks. The first, which I discussed in yesterday’s Morning Blog, was the Bank of Japan’s move to continue its 80 trillion yen bond buying program (QE) focusing on the back end of the yield curve (10 year note) as opposed […]
Equities and the Economy: U.S equities activity was muted yesterday awaiting both the conclusion of the Bank of Japan’s monetary meeting and the FOMC meeting today. The Dow rose 10 points to 18,130, the S&P 500 rose 1 to 2,140 and the Nasdaq finished up 6 points to 5,241. Chatter. Getting right to it, overnight […]
Equities and the economy: Yee-haw! It feels like I’m watching the bull riding competition at the Houston Rodeo. Down, up, down. A third consecutive day of volatility greater than 1%. Yesterday the Dow sunk 258 points, 1.41%, closing at 18,066, the S&P 500 fell 32, 1.48%, to 2,127 and the Nasdaq ended down 57, 1.09%, […]
