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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks move higher on prospects of tax bill passing. • All three major indexes close at records. U.S. equities have been moving up or down the last few weeks following the prospects of the tax reform bill passing. On Thursday Senators Rubio and Corker had concerns about the bill and […]
Equities and the Economy: • Dow ends 5 session advance. • Equities moving on tax bill news. The Dow broke its 5 session, 4 record high advance yesterday closing down 77 points at 24,509. The S&P 500 fell 11 points, 0.41%, to 2,652 and posting its largest daily percentage drop since November 15th. Don’t panic […]
Equities and the Economy: • Dow closes at record high. • Fed raises interest rates. As almost universally expected, the Fed raised the overnight lending interest rate (Fed funds rate) a ¼% yesterday marking its 3rd rise in 2017 to 1.5%. The increase was baked into the markets and the equity action was choppy yesterday. […]
Equities and the Economy: • More records. • U.S. wholesale inflation near 6 year high. The Dow and S&P 500 closed at record highs for a 4th consecutive session yesterday. The Dow posted a healthy gain of 119 points, 0.5%, finishing at 24,505 and the S&P rose 4 points, 0.2%, ending at 2,664. The rotation […]
Equities and the Economy: • More record highs. • Busy week for central banks. Investors shrugged off the news of a terrorism incident in New York City and took both the Dow and S&P 500 to new record highs yesterday. The Dow rose 57 points to 24,386 and the S&P gained 8 points to 2,660. […]
Equities and the Economy: • Dow and S&P close at record high. • November jobs report strong. U.S. stocks closed higher on Friday with the Dow logging a hefty 118 point gain to 24,329 and the S&P 500 adding 15 points to 2,652. Both are new record highs. The Nasdaq rose 27 points to 6,841 […]
Equities and the Economy: • Stocks close basically unchanged. • Bitcoin up 20% in 24 hours. After falling for three days yesterday U.S. stocks ended fairly flat to Tuesday. The Dow fell 40 points to 24,141, the S&P 500 closed flat at 2,629 and the Nasdaq gained 14 points to 6,776. The S&P 500 is […]
Equities and the Economy: • Profit taking continues. • S&P falls for third consecutive session. The bulls continue to be frustrated with a lack of new buying. The S&P 500 fell for its third straight session closing down 7 points at 2,631 and the Dow lost 87 points to 24,201. That being said, the two […]
Equities and the Economy: • Dow closes at record high. • Portfolio rebalancing continues. In a very volatile day U.S. equities closed mixed. Yesterday morning the three major indexes were up big driven higher by the Senate’s passage of their version of the tax reform bill over the weekend with the Dow up over 200 […]
Equities and the Economy: • Stocks end slightly lower. • Rotation out of tech continues. U.S. equities ended lower on Friday on the news surrounding former national security advisor Michael Flynn pleading guilty to lying to the FBI adding an element of political uncertainty into the markets. On the day the Dow lost 41 points […]
