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Europe: +44 (0) 207 198 1634 Equities and the economy Last week and yesterday remind me of the memorable 1984 movie Karate Kid where Kesuke Miyagi teaches Daniel LaRusso karate with the training beginning with menial chores including waxing Miyagi’s car stating “Wax on. Wax off.” Well lately it’s been “Risk-off. Risk-on” in the global equity markets. Whereas last week it […]
Equities and the economy U.S. stocks closed out a difficult week on a modestly lower note Friday as investors continued to shed risk over concerns about the Brexit vote and whether or not Britain would leave the European Union. The Dow closed down 58 points, 0.3%, at 17,675, the S&P 500 fell 7 points, also […]
Equities and the economy Crazy day yesterday. U.S. equities opened lower and it looked like we were going to have a 6th consecutive day of losses but around noon eastern time the Dow tuned positive on the day and continued to rally into the close turning a bad day into a good one. The Dow […]
Equities and the economy The risk-off sentiment continued yesterday with commodity prices falling, bond and gold prices rising and equity prices falling. Yesterday the Dow fell 35 points, closing at 17,640, the S&P 500 lost 4 to 2,072 and the Nasdaq settled down 9 at 4,835. Similar to Tuesday, the losses yesterday were marginal but […]
Equities and the economy U.S. stocks closed lower for a 4th consecutive day yesterday marking the Dow and S&P 500’s longest losing streak since the market lows in February. That being said, the damage to your 401K was slight. The Dow lost 58 points, 0.33%, to finish at 17,675, the S&P fell 4 points ending […]
Because of multiple economic, political, social, and weather factors, coal production has dropped in recent years and is now at its lowest level since 1981. This lack of coal is creating even more demand for natural gas for electricity generation, leaving much of the Northeast at risk for wildly volatile natural gas prices. Source: U.S. […]
Equities and the economy Ever since seeing new record highs in their sights last week the major indexes have been on been on the defensive. Yesterday U.S. equities closed lower for the third consecutive day with the Dow falling 133 points, 0.74%, to 17,732, the S&P 500 lost 17 points, 0.81%, finishing at 2,079 and […]
Massachusetts lawmakers are supporting green energy. With Boston hosting a US-China Climate Summit in 2017, the state is preparing to become a sustainability example for other states and countries to follow. Led by the UK and Germany, the installed capacity of global offshore wind is now over 11,000 MW and is expected to increase by […]
Equities and the economy After coming within a whisker of posting new highs earlier in the week U.S. stock prices fell both Thursday and Friday. On Friday the Dow fell 120 points, 0.67%, finishing at 17,865, the S&P 500 lost 19, 0.92%, to 2,096 and the more volatile Nasdaq got clobbered falling 1.29%, 64 points, […]
Equities and the economy On Tuesday we traded above it intraday but didn’t settle above it. Well, yesterday we did. I’m talking about Dow 18,000. Yesterday the Dow gained 67 points, 0.37%, closing at 18,005 and above 18,000 for the first time since April 27th. The S&P 500 added 7 points, 0.33%, finishing at 2,119. […]
