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Europe: +44 (0) 207 198 1634 We are now entering the natural gas injection season. With storage levels at record highs, will increased natural gas demand eat away at some of the natural gas in storage, or will we enter winter 2016 with a new record high storage level? Source: U.S. Energy Information Administration, Weekly Natural Gas Storage Report Working natural […]
Equities and the economy (Sorry for the lateness. It’s been a crazy morning!) After a couple of strong days the U.S. equities market took the day off closing near Wednesday’s settles. The Dow rose 18 to 17,926, the S&P 500 closed flat to Wednesday at 2,083 and the Nasdaq dropped 2 points to 4,946. Although […]
Historically, Gulf of Mexico hurricanes have caused huge natural gas price spikes when oil rigs in the Gulf were shut down. Now, with most natural gas production coming from mainland drilling, hurricanes barely impact the price of gas. Interesting article. Gulf of Mexico now accounts for less than 5% of total U.S. output Do you […]
Equities and the economy U.S. equities skyrocketed yesterday, and you’ll never guess who you have to thank for it. Yes, that’s a “who” not a “what.” First the numbers. The Dow popped 165 points, 0.94%, finishing at 17,721, the S&P 500 rose 20 points, 0.97%, to 2,062 and the Nasdaq ended 0.80% higher, 39 points, […]
Equities and the economy Yesterday was a repeat of Friday in that the major U.S. equity indexes began the day strong, up over 100 points, only to fade by the day’s end. The difference was that yesterday the indexes closed in the red while on Friday they managed to close in the green. When the […]
Equities and the economy U.S. stocks closed higher on Friday with the Dow finishing up 35 at 17,577, the S&P 500 rose 6 to 2,048 and the Nasdaq ended 2 higher at 4,851. Higher is always better than lower but I didn’t like the price action. Dow futures were trading over 130 points higher before […]
Equities and the economy No other way to put it. Yesterday was a lousy day for stocks. The Dow closed down 174 points, 0.98%, at 17,542, the S&P 500 lost 35, 1.2%, ending at 2,042 and the Nasdaq ended at 4,848, off 72 points, 1.47%. The S&P posted its biggest daily percentage loss in six […]
Equities and the economy After falling a couple of days global equities posted solid gains yesterday aided by a jump in oil prices. The Dow rose 113 points, 0.64%, to 17,716, the S&P 500 gained 22, 1.05%, ending at 2,067 and the Nasdaq added 77 points, 1.59%, finishing at 4,921. A very nice day. The […]
Equities and the economy It was not a good day for equities yesterday. Not just in the U.S. but globally. While the Dow fell 134 points, 0.75%, to 17,603 and the S&P dropped 21, 1.01%, to 2,045 and the Nasdaq declined 48, 0.98%, to 4,894., global stocks as measured by the bellwether MSCI All-Country World […]
Equities and the economy It was a sedate day on Wall Street yesterday with some profit taking after the recent rally which took the market to 2016 highs. The Dow closed down 56 points, 0.31%, at 17,737, the S&P 500 fell 7, 0.32%, to 2,066 and the Nasdaq was off 23, 0.45%, finishing at 4,892. […]
