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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Investors risk appetite increases after risk-off holiday weekend. • U.S. stocks bounce back. After three sessions of losses putting the indexes at two month lows on Thursday U.S. equities rallied hefty yesterday with investors putting back on the risk they’d taken off before the holiday weekend. The Dow rose a […]
New York State last week denied approval of the Northern Access pipeline that would have brought natural gas from Pennsylvania into the western and central regions of NY. Natural gas currently represents over 50% of New York’s total electricity generation capacity, which is expected to increase in the coming years. The lack of approved build-out […]
Equities and the Economy: • Major stock indexes close lower on Thursday for 3rd consecutive session. • All three indexes post weekly losses. It was a lousy Thursday with the major equity indexes taking it on the chin in the holiday shortened week. The Dow lost 139 points, 0.7%, finishing at 20,453, the S&P 500 […]
Equities and the Economy: • Stocks fall for 6th time out of 9. • Yield on 10 year Treasury lowest since November. It’s been like Chinese water torture lately for equities. Drip, drip, drip lower. Yesterday the indexes closed lower for the 6th session out of 9 with the Dow off 59 points to 20,592, […]
Equities and the Economy: • Rotation into safe haven assets. • VIX is at highest level since last November. Equities pared material intraday losses, the Dow down as much at 146 points, to close marginally lower. The Dow finished off 7 points at 20,651, the S&P 500 fell 3 points to 2,354 and the Nasdaq […]
Equities and the Economy: • Choppy day on Wall Street. • Stocks eke out small gain. U.S. stocks ended a choppy session yesterday finishing virtually flat to Friday’s closes. Both the Dow and S&P 500 closed up a couple of points to 20,658 and 2,357, respectively, and the Nasdaq finished 3 points higher at 5,881. […]
Equities and the Economy: • Employment report for March shows smallest gain in new jobs in a year. • Stocks shrug off report posting marginal losses. Always a big report, the Labor Department released its Employment Situation Report for March on Friday with the headline being that U.S. employers added just 98,000 new jobs, the […]
Equities and the Economy: • Price action subdued yesterday. • Investors digesting Syrian attack. U.S. stocks ended little changed yesterday with the Dow posting a 15 point gain to 20,663, the S&P 500 closing 5 points higher at 2,357 and the Nasdaq rising 14 points to 5,879. Forget yesterday for as everyone reading my Blog […]
Equities and the Economy: • Day started good. Ended bad. • ADP data shows U.S. Labor market strong. Boy did it look like it was going to be a very good day. The ADP Research Institute reported yesterday the private sector added 263,000 jobs last month which was not only 70 thousand above the consensus […]
Equities and the Economy: • Trading muted. • Earnings need to verify current lofty stock prices. The action was muted yesterday with the Dow closing up 39 at 20,689, the S&P 500 adding a single point to 2,360 and the Nasdaq closing 4 points higher at 2,692. At the macro level there really hasn’t been […]
