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Europe: +44 (0) 207 198 1634 Good morning. Equities continue to get pummeled with the Dow closing down 173, 1.06%, to 16,142, the S&P 500 lost 16, 0.84%, to 1,862 and the Nasdaq dropped 12, 0.29%, to 4,215. And are you ready for this, at one point in the day the Dow was down 460 points! The S&P closed at its […]
Good morning. After 3 days of a nightmare on Wall Street U.S. equities stabilized yesterday with the Dow ending down 6 to 16,315, the S&P 500 up 3 to 1,878 and the Nasdaq up 14 to 4,227. That being said, if you have energy stocks in your portfolio you’re still feeling pain (Chevron down 2% […]
Good morning. Death by a thousand cuts. That’s what’s happening to U.S. stocks. Well folks, the correction is in full swing with the Dow closing down another 223 points lower, 1.35%, at 16,321, the S&P 500 losing another 31 points, 1.65%, to 1,875 and the Nasdaq down another 63, 1.46%, to 4,214. I don’t know […]
Good morning. Investing in equities is all about growth and economic reports, or a lack thereof, and are killing stocks taking a toll on investors. And not just here in the U.S. but globally. On Friday an index of global equities hit a 7 month low and oil slumped to a 4 month low (more […]
Good morning. On Wednesday we saw a light at the end of the tunnel and believed it was the Fed holding it. It turned out not be the Fed but a train. Wham! We got run over. Serious damage. Carnage. Triage applied. No survivors with the Dow losing the most points it has in a […]
Good morning. Thank you Fed. Thank you, thank you, THANK YOU! Yesterday right when the major indexes were posting multi-month lows the minutes of the Fed’s September 16-17 meeting in which was stated that 1) that raising interest rates was data dependent and 2) the Fed was concerned about the strength of the U.S. dollar. […]
Good morning. Well the liquidation and correction is in full swing. Is it the curse of October? Yesterday the market just got pounded extending its losses from Monday with the Dow falling a very material 273 points, 1.60%, the S&P 500 down 30, 1.51%, to 1935 and the Nasdaq closing at 4,385, down 70, 1.56%. […]
Good morning. If you recall yesterday when I wrote this Report the Dow was up 70 points and I mentioned that it was a nice start but as in life it’s how you finish. And equities did not finish well yesterday. Indeed it appears the “pop” we had Friday and yesterday morning was the opportunity […]
Good morning. On the heels of a really positive Labor Department Employment Situation Report U.S. equities rallied big on Friday with the Dow climbing 209 points, 1.24% to 17,010, the S&P 500 added 22, 1.12%, closing at 1,968 and the Nasdaq ended up 46 points higher, 1.03%, at 4,476. Not to be Debbie Downer but […]
Good morning. I apologize for the delay in today’s report. I have been on conference calls since I walked in the office this morning. Consequently, today’s report will be briefer than normal (which may be to your delight!). Equities hung in there yesterday with the Dow closing down 4 to 16,802, the S&P 500 closed […]
