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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning and happy National Black Cow Day (aka Root Beer Float). U.S. equities closed virtually unchanged from Monday yesterday in a choppy session with the main indexes giving up earlier modest gains. The Dow closed down 3 points at 17,764, the S&P 500 added 1 to 2,080 and the Nasdaq […]
The rise of renewables in New England is keeping prices down in electricity markets, but at the same time driving up costs in the capacity market. According to the ISO, traditional generation sources are forced to price their capacity higher to offset a loss of revenue in the electricity markets because renewables — sans fuel costs — are […]
Equities and the Economy Good morning and happy National Donald Duck Day. U.S. equities continue to slip with all the major indexes ending lower yesterday. The Dow fell 83 points (0.5%), the S&P 500 lost 14 (0.7%) and the Nasdaq really took in on the chin losing 47 points (0.9%) to 5,022. The equity anchor […]
Equities and the Economy Good morning and happy Name Your Poison Day. The last Morning Energy Blog was published last Wednesday reflecting Tuesday’s market action so let’s see what’s transpired since that time. On Tuesday the Dow closed at 18,012, the S&P 500 at 2,110 and the Nasdaq at 5,077. On Friday the three indexes […]
Equities and the Economy Good morning and happy Repeat Day. Good morning and happy Repeat Day. It was another choppy day with day traders pushing the market up and down looking for stops, which they didn’t find. The range of the day was 167 points but stocks ended up pretty much unchanged from Thursday with […]
Equities and the Economy Good morning and happy National Bubba Day. U.S. stocks eked out gains yesterday with the Dow closing 29 points higher at 18,040, the S&P 500 adding 5 to 2,112 and the Nasdaq climbing 13 to 5,083. Economic data was mixed starting with consumer spending flat in April. This zero growth followed […]
Good morning and happy National Heimlich Maneuver Day. We needed a Heimlich Friday for the marked choked. The Dow fell 115 points to 18,101, the S&P 500 lost 13 ending at 2,107 and the Nasdaq fell 28 closing at 5,032. All of the indexes lost 0.6%. For the week they lost 1.2%, 0.9% and 0.4%, […]
Equities and the Economy Good morning and happy Paperclip Day (I guess it’s only fair paperclips have their day being cellophane had its day on Wednesday). U.S. stocks ended slightly lower yesterday with the Dow falling 37 points to 18,126, the S&P 500 lost 2 to 2,121 and the Nasdaq was off 9 to 5,098. […]
Equities and the Economy Good morning and happy National Brisket Day. U.S. equities rallied nicely yesterday from the catastrophe on Tuesday with the Dow gaining 121 points (0.67%) ending at 18,163, the S&P 500 added 19 (0.89%) to 2,123 and the Nasdaq was the leader of the day closing up 74 (1.48%) at 5,107. That’s […]
Equities and the Economy Good morning and happy Cellophane Tape Day. After a week of choppiness with new highs for equities, albeit on below average volume and barely above old highs, conviction returned to the markets yesterday and unfortunately it was of the negative variety. In fact “negative” does not do justice to the destruction […]
