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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Equities globally consolidate yesterday. • FOMC and BoJ meetings this week. Consolidation was the order of the day not just parochially but catholically with the U.S., Asian and European markets generally closing little changed. Focusing on the U.S., the Dow slid 22 points to 20,881, the S&P 500 gained a point […]
Equities and the Economy: • February jobs report “Goldilocks”. • U.S. post minor losses for the week. Although U.S. stocks closed higher on Friday with the Dow gaining 45 points to 30,903, the S&P 500 up 8 to 2,373 and the Nasdaq adding 23, 0.4%, to finish at 5,862, the major indexes posted minor losses […]
Equities and the Economy: • U.S. stocks close flat to Wednesday. • Yesterday marked the 8th anniversary of this bull market. Yesterday U.S. equities closed basically to Wednesday’s levels with the Dow adding 2 points to 20,858, the S&P 500 edging up the same amount to 2,365 and the Nasdaq rising a single point to […]
Equities and the Economy: • U.S. stocks close lower for 3rd consecutive day. • Plunging oil prices and interest hike weighing. Materially lower oil prices dragged down energy stocks and combined with the realization that interest rates are and will be rising this year investors did some selling. The Dow lost 69 points, 0.3%, closing […]
Equities and the Economy: • Stocks close lower for second consecutive day. • Market in consolidation. U.S. equities closed lower for a second consecutive day with the Dow off 30 points to 20,925, the S&P 500 ending down 7 points at 2,368 and the Nasdaq falling 15 to 5,834. Yesterday was the first time we’ve […]
Equities and the Economy: • Stocks close lower. • Lofty forward P/E ratios and higher interest rates not compatible. Yesterday stocks retreated on what I consider normal price action. The Dow fell 51 points closing below 21,000 at 20,954, the S&P 500 lost 8 points to 2,375 and the Nasdaq dropped 22 points to 5,849. […]
Equities and the Economy: • U.S. stocks eke out gain on Friday. • Continue weekly gains. U.S. equities closed barely in the green on Friday with the Dow up 3 points to 21,005, the S&P 500 gained a single point to 2,383 and the Nasdaq added 10 to 5,871. Although we saw a big pullback […]
Equities and the Economy: • Stocks retreat after previous huge day. • Market still looks healthy. After a huge day on Wednesday profit taking came in yesterday and stocks closed lower. The Dow fell 112 points, 0.53%, to remain a gnat’s eyelash above 21,000 at 21,003. The S&P 500 lost 14, 0.59%, to 2,282 and […]
Equities and the Economy: • U.S. stocks post best day of 2017. • Dow closes above 21,000 for the first time ever. WOW! What a day! Not only did all the major indexes close at record levels, they did it in grand fashion! The Dow broke through the 21,000 barrier surging 303 points, 1.5%, to […]
Equities and the Economy: • Dow 12 day winning streak breaks. • Rally is resuming today. All three major indexes closed lower yesterday including the Dow which broke its 12 day winning streak, its longest winning streak since 1987. However, the losses for the Dow and S&P 500 were minor. The Dow fell 25 points, […]
