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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. The market had time to digest the lousy Labor Department’s Employment Situation Report from Friday and after selling futures all weekend and into the open investors came to realize the bad news is once again good news. As I mentioned in yesterday’s morning Report, the jobs report means the […]
Equities and the Economy Good morning. U.S. stocks finished the Easter shortened week on a marginally positive note breaking two sessions of material losses. The Dow closed up 65 points at 17,763 and both the S&P 500 and Nasdaq added 7 points with the former ending at 2,067 and the latter 4,887. Now you may […]
Equities and the Economy Good morning. U.S. stocks closed lower for the second consecutive day yesterday with the Dow falling 78 to 17,698, the S&P 500 losing 8 to 2,060 and the Nasdaq closing down 21 to 4,880. The impetus for the decline was clearly fundamental. Yesterday ADP released its private sector payrolls report which […]
Sale of New Hampshire Power Plants Electricity rates could be going up for ratepayers in New Hampshire if Eversource (formerly Public Service of New Hampshire) successfully lobbies the New Hampshire Legislature to sell its power plants. The potential rate increase stems from the fact that $400 million of new environmental controls at the Merimack station, […]
Wind power is growing rapidly in America. In fact, wind has accounted for 33 percent of all newly installed electricity generation capacity in the years spanning from 2006 to 2013. The United States now gets about 4.6 percent of its electricity from wind power. But how can this pattern of strong growth continue and how will a […]
Equities and the Economy Wow! Wow. And more Wow! And Yahoo! Driven by a combination of not so subtle hints from the Bank of China of impending QE, some positive economic news in Europe, numerous pharmaceutical mergers were announced before the open and some positive housing data here in the states, U.S. stocks materially higher […]
Equities and the Economy Good morning. Before I get into discussing equities and the economy I want to discuss the Fed. I have been writing about the Fed, its actions and the implications of its actions since the inception of my Morning Energy Report seven years ago. I was doing research over the weekend and […]
Equities and the Economy Good morning. It was a see-saw day for U.S. equities yesterday with the major indexes ending slightly lower with the Dow off 40 points to 17,678, the S&P 500 lost 5 to 2,056 and the Nasdaq was again the laggard down 13 to 4,863. Unfortunately for us yesterday marked the 4th […]
Equities and the Economy Good morning. Purge. Heave. Hurl. I’m not talking about a body’s response after consuming too much alcohol but the analogy applies to equities yesterday. And don’t look at your 401K. You ain’t gonna like it. After yesterday we are all going to have to work a little longer. So how bad […]
Equities and the Economy Good morning. It’s been one day up and one day down for U.S. equities, until yesterday, and unfortunately it was two days down. All the major indexes close for the second consecutive day with the Dow falling 105 points (0.58%) to 18,011, the S&P 500 off 13 points (0.61%) to 2,092 […]
