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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. Here’s something I bet you wouldn’t expect me to tell you this morning. The S&P 500, which gained 20 points (0.94%) yesterday to 2,088, closed at its highest level this year. Now we’re not at its all-time high set on December 29th at 2,094, but we’re getting pretttttty darn […]
Good morning. It was looking like it was going to be a bad day yesterday driven by a report from the Commerce Department stating consumer spending fell in December 0.3% which was worse than the 0.2% economists were forecasting. Additionally, November’s number was revised downward from a 0.6% increase to 0.5%. That’s a big swing […]
Equities and the Economy Good morning. An interesting phenomenon is happening right now. I’ve seen this happen occasionally and it’s happening once again. That is that equity traders are taking their cues from the movements in the price of oil, specifically WTI. Early in the day WTI was getting pounded and equities were trading negative […]
Equities and the Economy Good morning. It was looking pretty good yesterday for most of the day with U.S. stocks trading nicely in the green, and then the bottom fell out. The FOMC finished its regularly scheduled two day meeting yesterday and released its post-meeting communique at around 2 PM Eastern and the market didn’t […]
Equities and the Economy Good morning. With potentially the biggest blizzard of all time (which I’m hearing is turning out to be a non-event) bearing down on the northeast coast distracting investors equities chopped around on either side of unchanged ending with small gains. The Dow closed up 6 at 17,679, the S&P 500 added […]
Equities and the Economy Good morning. After being closed for three days U.S. markets reopened yesterday and by judging the numbers at the close, Dow up 4 to 17,515, S&P 500 up 3 to 2,023 and Nasdaq up 20 to 4,655, one might think it was a yawner of a day. Au contraire. It was […]
Equities and the Economy Good morning. As I’m sure you are fully aware, the U.S. markets were closed yesterday for the holiday so let’s review happened Friday and last week. In summary it was a roller-coaster week. On Friday the Dow shot up 191 points to 17,512, the S&P 500 climbed 27 to 2,019 and […]
Good morning. Some good economic news and a rare rise in oil prices gave U.S. equities their first gain of 2015 which has been the worst start to a year since 2008. From the futures before the opening through the opening bell and to the close stocks were strong with the Dow posting a “sigh […]
Good morning. Horrible, horrible start to the year for equities. Yesterday stock markets worldwide got absolutely clobbered in an indiscriminate sell-off triggered by a renewed plunge in crude oil prices and a surging U.S. dollar. The Dow lost a stinging 331 points (1.86%), the S&P 500 closed down 37 (1.18%) and the Nasdaq fell 74 […]
Good morning. It was a “nothing day” yesterday on very light volume and with no major economic reports U.S. equities ended little changed from Friday. The S&P 500 closed 2 points higher at 2,091. The Nasdaq ended literally flat to Friday at 4,807 and the Dow lost 15 to 18,038. All chatter, although with the […]
