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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. For a while there I thought we just might get our first consecutive up days in two weeks for the Dow was trading in the green the entire day but then in the last 20 minutes selling came in out of nowhere and the index fell 57 points resulting […]
Equities and the Economy Good morning. Friday continued the see-saw pattern we’ve witnessed lately with U.S. equities closing sharply higher following a sell-off on Thursday with the Dow climbing 168 points (0.94%) and once again over 18,000 to 18,127. The S&P 500 gained 19 (0.90%) to 2,108. The Nasdaq jumped 34 (0.68%) ending at 5,026 […]
Equities and the Economy Happy first day of Spring! It just seems we can’t get any momentum in stocks. Literally it’s one day up and the next day down. After the big Fed induced rally on Wednesday U.S. stocks retreated on Thursday with the Dow falling 117 points (0.65%) and back below 18,000 to 17,959 […]
Equities and the Economy Happy Let’s Laugh Day, which is globally celebrated day. The FOMC concluded their two day meeting and with great anticipation and the world parsed very word of the post-meeting communique. And there was no “patience.” So you would have thought equities would have gotten pounded because the lack of “patience” means […]
Equities and the Economy Happy National Ravioli Day. The U.S. equity markets just can’t seem to get any momentum. One day up. The next day down. After the biggest rally in a month on Monday yesterday stocks got whacked. In fact, U.S. stocks have not risen two consecutive days in March. The Dow and S&P […]
Equities and the Economy Top of the morning to ya! Yesterday was a great day with all the major U.S. indexes (and the European as well!) shot skyward closing more than 1% higher as the U.S. dollar marginally retreated. The Dow jumped 228 points (1.28%) closing at 17,977, the S&P 500 popped 28 (1.20%) to […]
While the total value of direct federal financial interventions and subsidies in energy markets decreased 23 percent from $38 billion to $29.3 billion dollars between fiscal years 2010 and 2013, solar subsidies skyrocketed from $1.1 billion to $4.5 billion in 2013, according to an updated report from the US Energy Information Administration (EIA). Declining solar […]
Equities and the Economy. Good morning. [expletive!] Right after I’m feeling we dodged a bullet with Thursday’s rally which followed a bludgeoning from earlier in the week U.S equities get absolutely destroyed on Friday. The Dow lost 146 points (0.82%) to 17,749, the S&P 500 fell 13 (0.61%) to 2,053 and the Nasdaq lost “only” […]
A bill (SB 1945) has been introduced by Texas Sen. Troy Fraser that would permit certain customers at certain municipal utilities to choose their electricity supplier, if the Public Utility Commission found the muni’s rates to not be just and reasonable, or dissimilar from rates found in customer choice service areas. SB 1945 would apply […]
Equities and the Economy Good morning. The technical support level I identified in my Morning Energy Report on Tuesday (2,030 – 2,045 basis S&P) held on Tuesday and Wednesday and with sellers few and far between buyers stepped in with a vengeance yesterday and U.S. equities posted their biggest daily gain in 5 weeks. Whew. […]
