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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. The last Blog was December 23rd reflecting the market action of December 22nd so let’s see what’s transpired since then. On December 22nd the Dow closed at 17,417, the S&P 500 at 2,039 and the Nasdaq at 5,001. Yesterday the Dow closed at 17,528, the S&P at 2,057 and […]
Equities and the Economy Santa is working his tail off to bring us a good holiday. U.S. equities rose nicely yesterday following Monday’s gains with the Dow popping a sweet 165 points, 0.96%, closing at 17,417, the S&P 500 rose 18, 0.88%, to 2,039 and the Nasdaq returned to ever 5,000 adding 32 points, 0.65%, […]
Equities and the Economy Last Friday was, unfortunately, just a bad a day as last Thursday. The Dow closed down an ugly and material 2.10%, 367 points, at 17,129, the S&P 500 lost 36 points, 1.76%, to 2,006 and the Nasdaq fell an even 80 points, 1.59%, ending at 4,923. Friday was the Dow’s worst […]
Equities and the Economy The rally is in full force however yesterday it wasn’t Santa Clause who brought the present, but it is someone with white hair: Janet Yellen. And the present was the strangest form, an interest rate hike. So how can this be?! Especially when the Fed said the hike was a tentative […]
Equities and the Economy U.S. stocks rallied sharply yesterday marking a second day of gains with the Dow jumping 157 points, 0.90%, to 17,525, the S&P 500 adding 21, 1.04%, to 2,043 and the Nasdaq climbing 43, 0.86%, to 4,995 (still under that 5,000 level). Some folks are stating because oil prices rose, and WTI […]
LE BOURGET, France — With the sudden bang of a gavel Saturday night, representatives of 195 nations reached a landmark accord that will, for the first time, commit nearly every country to lowering planet-warming greenhouse gas emissions to help stave off the most drastic effects of climate change. The deal, which was met with an […]
Equities and the Economy U.S. equities began the day flat to down but ended on a nice bounce. The Dow closed 104 points higher, 0.6%, at 17,369, the S&P 500 added 10, .048%, to 2,022 and the Nasdaq gained 19, 0.38%, at 4,952. The intraday price action was good being we bounced back from being […]
Equities and the Economy There was no Blog on Friday but I mentioned Thursday morning that based upon Wednesday’s close that both short and long term support lines had been broken basis the S&P 500. I also mentioned that this alone was not enough to force a capitulation but investors’ fingers would be on the […]
Source: U.S. Energy Information Administration, State Heating Oil and Propane Program The U.S. Energy Information Administration’s State Heating Oil and Propane Program (SHOPP) collects state-level residential heating oil and propane price data in 38 states during the winter heating season. SHOPP is a joint effort between EIA and state energy offices in regions (especially states […]
Equities and the Economy U.S. equities closed lower for the 3rd consecutive day yesterday. The Dow closed down 76, 0.43%, at 17,492, the S&P 500 lost 16, 0.76%, to 2,048 and the Nasdaq got pounded losing 1.48%, 75 points, to 5,023. As of yesterday the S&P joined the Dow in negative territory for the year. […]
