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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks push marginally higher. • FOMC minutes suggest Fed wrestling with low inflation. The major news yesterday was the release of the FOMC’s July meeting minutes. As I’ve stated many times, investors look to the minutes for insight into the Fed’s thinking on monetary policy. There were two significant take-aways. […]
Equities and the Economy: • Stocks end little changed. • July Retail sales strong. U.S. stocks ended little changed yesterday with the Dow closing up 5 points at 21,999, the S&P 500 falling a single digit to 2,465 and the Nasdaq dropping 7 to 6,333. Pure chatter evidenced by the fact the trading volume yesterday […]
Equities and the Economy: • Buy dip mode prevails. • S&P moves 1% for first time in 3 months. As has been the mode for about 9 years now, investors continue to buy price dips. After posting a lousy week investors jumped back into the market yesterday with the Dow rising a very nice 135 […]
Equities and the Economy: • Equities rebound on Friday. • Post weekly loss. After a rough week U.S. stocks rebounded on Friday with the Dow closing up 14 points at 21,858, the S&P 500 rose 3 to 2,441 and the Nasdaq added 40 points ending at 6,257. Friday’s gains were not enough to offset the […]
Equities and the Economy: • S&P 500 has biggest one-day drop in almost 3 months. • Dow falls for 3rd consecutive day. Just as I talk about a lack of volatility, wham! The stock market gets whacked! Yesterday the Dow fell for the 3rd consecutive day losing 205 points, 0.93%, closing at 21,844. The S&P […]
Equities and the Economy: • Stocks slip. • Disney weighs on Dow. U.S. equities slipped for a second day with the Dow closing down 37 points at 22,049, the S&P 500 off a point to 2,474 and the Nasdaq falling 18 to 6,352. Walt Disney Company, who announced they are going to end their distribution […]
Equities and the Economy: • Dow streak of record closes snapped. • North Korea excuse to reduce risk. Although all three major U.S. stock indexes hit record highs intraday, they closed lower on the day after President Donald Trump vowed to respond aggressively to any threats from North Korea with investors reducing risk. That being […]
Equities and the Economy: • Dow and S&P log new highs. • Goldilocks conditions. Although gains were modest, they were enough to send the Dow and S&P 500 into record territory. Yesterday the Dow rose 26 points to 22,118 marking the blue-chip’s 9th consecutive record close. The S&P added 4 to 2,481, also a new […]
Equities and the Economy: • Solid July jobs report. • Dow posts 8th consecutive record close. On the heels of a very solid Labor Department jobs report on Friday the Dow propelled to a new record close of 22,093 closing up 67 points. While the S&P 500 and Nasdaq didn’t end at records, they both […]
Equities and the Economy: • New record highs continue to be set. • Weekly jobless claims at 44 year low. I’ve been travelling on business this week and the last Morning Energy Blog was last Friday discussing the previous Thursday’s price action. I’ll summarize the equities market since I’ve been gone this way. I should […]
