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Europe: +44 (0) 207 198 1634 Good morning. I apologize for the delay in today’s report. I have been on conference calls since I walked in the office this morning. Consequently, today’s report will be briefer than normal (which may be to your delight!). Equities hung in there yesterday with the Dow closing down 4 to 16,802, the S&P 500 closed […]
Good morning. I sure hope it is for you because yesterday was another really, really lousy day for our 401K’s. The Dow lost 238 points, 1.4%, to 16,805, the S&P 500 dropped 26, 1.32%, to 1,946 and the Nasdaq ended down 71 points, 1.59%, to 4,422. All material losses. For well over a year I’ve […]
Good morning. The grief continued yesterday with equities continuing their descent. The Dow lost 28 points to 17,043, the S&P 500 fell 6 to 1,973 (now well below 2,000) and the Nasdaq dropped 12 to 4,493. Other than the fact the length (time) of this bull market is in record territory and “tired” and in […]
Good morning. Things sure have been choppy lately. After a horrible day last Thursday and a decent rebound Friday stocks once again turned for the worse yesterday with the Dow losing 42 points to 17,071, the S&P 500 fell 5 ending at 1,978 and the Nasdaq slipped 6 to 4,506. Be thankful. It was much […]
Good morning. And it was a good weekend after Friday’s price action. Although equities did not recoup all their losses from Thursday they made a nice rebound. For example, the Dow rose 167 points, 0.99%, closing at 17,113 recovering 60% of Thursday’s decline. The S&P 500 climbed 17 points, 0.86%, to 1,983 and the Nasdaq […]
Good morning. Ugly, ugly, ugly. Can I say it one more time??? UGLY! Yesterday was the worst day for equities in almost 2 months (July 31st). The Dow got bludgeoned 264 points,1.54%, finishing at 19,946, the S&P 500 was walloped losing 32 points, 1.6%, closing well below 2,000 at 1,965 and the Nasdaq got bazooked […]
Good morning. After three sucky days equities rebounded hard for us with the Dow climbing a whopping 155 points, 0.9%, the S&P 500 adding 16, 0.78%, to 1,998 (still below 2,000 ) and the Nasdaq lopping on 47, 1.03%, ending at 4,555. Yesterday was the best one day percentage gain for the Dow and S&P […]
Good morning. U.S. equities fell for the 3rd straight day with the Dow losing 117 points, 0.68%, to 17,056, the S&P 500 dropping 12, 0.58%, to 1,983 and the Nasdaq off 19, 0.42%, at 4,509. Nearly half of the losses came in the last 20 minutes of trading which is not a good omen. It […]
Good morning. Some bad news in the housing market weighed on U.S equities yesterday. The National Association of Realtors reported sales of previously owned homes (existing) unexpectedly fell in August for the first time in 5 months. Sales fell 1.8% to 5.05 million annualized pace from a revised 5.14 million pace in July. The expectation […]
Good morning. Last week ended mixed for equities with the Dow rising 14 points to 17,280, a new record, the S&P 500 closing down 1 at 2,010 and the Nasdaq off 14 to 4,580. The major indexes over the week were supported by favorable outcomes of two “risk” events: the Fed reiterating its commitment to […]
