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Europe: +44 (0) 207 198 1634 Good morning. The last publication of the Morning Energy Report was on December 19th discussing the market action of December 18th so 10 calendar days have passed and 5 trading sessions. During this time we’ve had a heck of a holiday rally with the Dow climbing 699 points, 4%, the S&P 500 climbing 76 points, […]
Good morning. Well the equities markets are definitely working on a “correction.” Stocks have fallen for three consecutive days with the S&P 500’s loss yesterday of 17 points, 0.85%, to 1973. Its now fallen 5% from its record high put in on December 5th. I don’t know about you but it sure has felt more […]
Good morning. As I say, it’s not the open that counts. It’s the close. Yesterday morning Dow futures were up triple digits. It closed down triple. The Dow lost an even 100 points, 0.6%, yesterday closing at 17,181. The S&P 500 fell 13 points, also 0.6%, ending at 1,990. The Nasdaq got absolutely bludgeoned closing […]
Good morning. At this time yesterday morning things were looking pretty bleak with all the Asian, European and U.S. markets all down materially. It was even worse during the regular session with the S&P 500 down as much as 1.3%, 218 points!, lower on the day. But bargain hunters came in on the pulverized energy […]
Good morning. It may be the holiday season but it was bah-humbug yesterday in the equity markets with U.S. stocks suffering their biggest one day slide in nearly 7 weeks with the Dow closing down 106 points, 0.6%, at 17,852, the S&P 500 losing 15, 0.75%, at 2,060 and the Nasdaq down 40, 0.84%, at […]
Good morning. It’s absolutely amazing to me what one single report can do! On the coattails of a blowout jobs report Friday U.S. equities jumped, bond prices fell, the U.S. dollar leapt and gold got whacked. The Dow and S&P 500 hit new highs on an intraday basis but lost traction in the afternoon backing […]
Good morning. U.S stock prices ended yesterday pretty much flat to Wednesday with the Dow off 12 points to 17,900, the S&P 500 down 2 to 2,071 and the Nasdaq closing at 4,769, 5 points lower. I’d normally say “chatter” but it was a little scary intraday when the Dow was down 100 points! Then […]
Good morning. The Dow and S&P 500 set another both intraday and closing high yesterday with the former adding 33 points to 17,913 and the latter 8 points to 2,074. I’m about to give you staggering statistic. This year the Dow has closed at a record high 48 times and the S&P 33 times! If […]
Good morning. U.S. stocks bounced nicely from Monday’s losses yesterday driven by fundamental news. Yesterday the Dow climbed a nice 103 points closing at 17,880, the S&P 500 jumped 14 to 2,067 and the Nasdaq was up 29 to 4,756. Driving equities higher was positive news on the construction front with spending rising a stout […]
Good morning. Black Friday, and the whole weekend, turned out to be exactly that for retailers. The trade group National Retail Federation said Sunday that total spending over the Thanksgiving weekend were down 11% from last year. That and Moody’s downgrade of Japan’s credit rating weighed on the equities with the Dow losing 51 points […]
