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Europe: +44 (0) 207 198 1634 Equities and the Economy Investors sighed a breath of relief as the world averted a Grexit increasing their appetite for risk buying riskier assets and pushing stock prices around the world higher. Oh, and Chinese stocks rose as the government continues to manipulate the stock market there. The day’s gains were broad with the Dow […]
Equities and the Economy Good morning. Whoo-hoo and whoo again! And again! Financial markets around the world surged on Friday after Greece tabled a fresh package of reforms to creditors with investors taking the developments that the new plan could finally spell the end of the dramatic stand-off that shut the Greek financial system down […]
IT’S summertime. The season when you can write your name in the condensation on the windows at Starbucks, people pull on parkas to go to the movies and judges have been known to pause proceedings so bailiffs can escort jurors outside the courthouse to warm up. On these, the hottest days of the year, office […]
Equities and the Economy Good morning and happy National Father Daughter Take a Walk Day. After the “No” vote, let the punishment begin. That’s in reference to what the Greeks may be bringing on themselves in a debtor vs. creditor battle played out on the world’s stage but unfortunately our 401K’s are feeling the pain. […]
Equities and the Economy Good morning and happy National Anisette Day. Ok. Let’s just get it out of the way first. Greece. With the Greek referendum scheduled for Sunday and despite overtures from the Greeks, the Brussels Group has ceased negotiations until after the referendum. It makes total sense. If the Greeks vote “Yes” then […]
Equities and the Economy Good morning happy National Waffle Iron Day. It was another wait and see day Friday with the major indexes closing pretty flat to Thursday. The Dow did manage a 57 point (0.32%) gain ending at 17,947 however the S&P 500 ended dead flat to Thursday at 2,102 and the Nasdaq lost […]
Equities and the Economy Good morning and happy Eat Your Vegetables Day. Vegetables are all I’m going to be able to afford if this keeps up. The Dow fell 108 points (0.6%) to 17,791, the S&P 500 lost (0.48%) to 2,084 and the Nasdaq declined 21 (0.42%). The headlines continue to be dominated by events […]
Equities and the Economy Good morning and happy National Lobster Day. Nobody on Friday could justify having lobster for dinner with all three indexes getting pounded. The Dow lost 140 points (0.78%) to 17,898, the S&P 500 fell 15 (0.70%) to 2,094 and the Nasdaq dropped 32 (0.62%) to 5,051. European stocks got hammered even […]
Equities and the Economy Good morning and happy National Bubba Day. U.S. stocks eked out gains yesterday with the Dow closing 29 points higher at 18,040, the S&P 500 adding 5 to 2,112 and the Nasdaq climbing 13 to 5,083. Economic data was mixed starting with consumer spending flat in April. This zero growth followed […]
Good morning and happy National Heimlich Maneuver Day. We needed a Heimlich Friday for the marked choked. The Dow fell 115 points to 18,101, the S&P 500 lost 13 ending at 2,107 and the Nasdaq fell 28 closing at 5,032. All of the indexes lost 0.6%. For the week they lost 1.2%, 0.9% and 0.4%, […]
