US: +1 (877) 51 POWER 
Europe: +44 (0) 207 198 1634 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 […]
Good morning. What can one say other than it was an outstanding day for stocks and your 401K! The Dow closed up 109 points at 17,266 and the S&P 500 gained 10 to 2,011. The Nasdaq didn’t close at a new record high but was the biggest percentage gainer on the day closing up 31 […]
Good morning. The Fed finished its two day meeting yesterday and the market liked what it heard. The Dow closed up 25 points at 17,157 which just happens to be a record high, and the S&P 500 gained 3 points putting it back over 2,000 at 2,002 and on an intraday basis coming within one […]
Good morning. I wonder if someone has the Fed meeting bugged. I mean for the last week and a day the equity market were lackluster chopping around looking for direction. That was the way we started out the day yesterday trading on either side of unchanged until about 10:20 CDT and then zoom, off to […]
Good morning. Yesterday was bifurcated. If you were AT&T or ExxonMobil or other members of the Dow you did ok with the Dow (which is 30 stocks) closing up 44 points at 17,031. If you owned the S&P 500 index you yawned with it closing down 1 at 1,984. But if you owned the Nasdaq […]
