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Europe: +44 (0) 207 198 1634 Equities and the Economy Top of the morning to ya! Yesterday was a great day with all the major U.S. indexes (and the European as well!) shot skyward closing more than 1% higher as the U.S. dollar marginally retreated. The Dow jumped 228 points (1.28%) closing at 17,977, the S&P 500 popped 28 (1.20%) to […]
While the total value of direct federal financial interventions and subsidies in energy markets decreased 23 percent from $38 billion to $29.3 billion dollars between fiscal years 2010 and 2013, solar subsidies skyrocketed from $1.1 billion to $4.5 billion in 2013, according to an updated report from the US Energy Information Administration (EIA). Declining solar […]
Equities and the Economy. Good morning. [expletive!] Right after I’m feeling we dodged a bullet with Thursday’s rally which followed a bludgeoning from earlier in the week U.S equities get absolutely destroyed on Friday. The Dow lost 146 points (0.82%) to 17,749, the S&P 500 fell 13 (0.61%) to 2,053 and the Nasdaq lost “only” […]
A bill (SB 1945) has been introduced by Texas Sen. Troy Fraser that would permit certain customers at certain municipal utilities to choose their electricity supplier, if the Public Utility Commission found the muni’s rates to not be just and reasonable, or dissimilar from rates found in customer choice service areas. SB 1945 would apply […]
Equities and the Economy Good morning. The technical support level I identified in my Morning Energy Report on Tuesday (2,030 – 2,045 basis S&P) held on Tuesday and Wednesday and with sellers few and far between buyers stepped in with a vengeance yesterday and U.S. equities posted their biggest daily gain in 5 weeks. Whew. […]
Present Day to 2050, Report Quantifies the Economic and Social Benefits of Robust Wind Energy Growth WASHINGTON – In support of the President’s all-of-the-above energy strategy to diversify our nation’s power supplies, the Energy Department today released a new report looking at the future of wind power through 2050 and the economic benefits that come […]
Demand response (DR) advocates in Texas are preparing a bill they say would open up the state’s energy markets and unlock DR growth. Reducing power consumption can help control up to 4% of the Electric Reliability Council of Texas’ (ERCOT) peak load, FERC determined in a 2012 report. That’s actually the lowest among organized markets […]
Equities and the Economy Good morning. After the biggest sell off in two months amid a surging dollar U.S. stocks stabilized yesterday albeit at marginally lower levels with the Dow closing down 28 at 17,635, the S&P 500 off 4 to 2.040 and the Nasdaq losing 10 to 4,850. Most of the day the indexes […]
Equities and the Economy Good morning. So more good economic news came out yesterday. The Labor Department said U.S employers advertised the most job gains in 14 years and more workers quit, both signs of a steadily strengthening job market. Job opens rose 2.5% to nearly 5 million, the most since January 2001. The number […]
Equities and the Economy Good morning. U.S. stocks bounced back from a really lousy Friday with the Dow gaining 139 points to 17,996, the S&P 500 adding 8 points to 2,079 and the Nasdaq closing up 15 at 4,942. Unfortunately these gains were less than half of Friday’s losses. There was no fundamental economic data […]
