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Europe: +44 (0) 207 198 1634 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. Welcome back one and all. I truly hope you had a wonderful holiday and could spend time with your loves ones. The last Morning Energy Report was on Tuesday December 30th reflecting the price action of the day before so let’s see what’s happened in 4 calendar days and 3 trading days. Last […]
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 […]
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. WOW! What a good day! How good was it? It was so good the stock market went MAD! MAD is when the Dow logs a major accumulation day which is defined as a session when the up volume on the NYSE is at least 9 times more than the down volume. Yesterday was […]
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. Friday was a horrible day for U.S. stocks. The Dow lost 316 points, 1.79%, the S&P 500 dropped, 33, 1.62%, and the Nasdaq ended off 55 points, 1.16%, at 4,654. It wasn’t just Friday that stunk. The whole week did with the S&P down 3.5%, its worst weekly performance since May 2012. The […]
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 […]
