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Europe: +44 (0) 207 198 1634 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%, […]
Equities and the Economy: After months of calm volatility has returned to the U.S. stock market. Following the big drop on Friday, primarily due to dovish Boston Fed President Rosengren’s hawkish comments regarding interest rates, equities jumped yesterday, albeit by not as much as they fell, also on Fed speak. Yesterday it was dove Fed […]
Equities and the Economy: On Friday U.S stocks had their worst day since June with investors hitting the “sell” button and taking profits. The Dow lost 394 points, 2.1%, ending at 18,085, the S&P 500 shed 53 points, 2.45%, to finish at 2,128 (the biggest one day drop since June 24th, the day after the […]
Equities and the Economy: U.S. equities retreated yesterday with the Dow falling 46 points to 18,480, the S&P 500 off 5 to 2,181 and the Nasdaq snapped a four day winning streak which took it to new highs closed down 24 at 5,259. But let’s keep this all in perspective, stocks remain near their record […]
Equities and the Economy: U.S. stocks continue to climb the Wall of Worry closed marginally higher yesterday with the Dow up 46 points to 18,538, the S&P 500 up 7 to 2,186 and the Nasdaq up 26 to 5,276 which is a record high for the tech heavy index! By the way, climbing the Wall […]
Equities and the Economy: It got a little scary yesterday after The Institute of Supply Management released its manufacturing index for August noting a fall from July’s 52.6 to 49.2 and most importantly, below 50 which is the demarcation between expansion and contraction. This was the first time in 6 months the index fell with […]
Equities and the Economy: The Dow closed down 53 points yesterday closing at 18,401 and in the process snapped a six month winning streak posting a 0.2% loss for the month August. The S&P 500’s five month rally came to an end falling 0.1% for August after losing 5 points yesterday to finish at 2,171. […]
Equities and the Economy: After rising on Monday on the lowest volume of the year, U.S. equities retraced a bit yesterday with the Dow falling 49 points closing at 18,454, the S&P 500 off 4 to 2,176 and the Nasdaq down 9 to 5,223. The market has been in a pretty tight range since the […]
Equities and the Economy: The day began in a lackluster fashion but didn’t stay that way for long. About an hour after the opening investors came in buying and continued to do so throughout the session with the financial sector leading the way. The Dow closed up 108 points, 0.58%, at 18.503. The S&P 500 […]
Equities and the Economy: ANOTHER amazingly lackluster day yesterday. The Dow fell 33 to 18,488, the S&P 500 lost 3 to 2,172 and the Nasdaq finished down 5 to 5,212. Volume continues to be anemic. It’s as if the market is in a state of suspended animation. Everyone’s waiting on Janet Yellen who will be […]
