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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Tech stocks get destroyed. • Overall market remains healthy. On Friday it was as if Isaac Newton discovered gravity with the Apple falling, and falling hard. The “fruit company” [Forrest Gump] stock dropped a huge 3.9% on Friday amidst a rout in technology stocks. The Nasdaq, which intraday posted a […]
Equities and the Economy: • Investors digesting major news events from yesterday. • Nasdaq finishes at record high. Investors are digesting the trifecta of news events that occurred yesterday. The first event was the conclusion of the ECB’s meeting. The central bank made no changes to their current accommodative monetary stimulus program but changed the […]
Equities and the Economy: • Caution prevails. • Today is “Super Thursday.” U.S. stocks ended little changed yesterday as investors remain cautious ahead of three big news events. All of which happen today. Today has even got a moniker, “Super Thursday.” The most important event for those of us in the U.S. is the oral […]
Equities and the Economy: • Investors remain cautious. • Three major events tomorrow. Yesterday was a second consecutive day of investors marginally shifting to safety and out of stocks. The Dow fell 48 points ending at 21,136, the S&P 500 dropped 7 points to 2,429 and the Nasdaq slid 21 points to 6,275. Those movements […]
Equities and the Economy: • Equities end slightly lower. • Globally, investors slightly more cautious. U.S. stocks ended marginally lower yesterday with the Dow closing down 22 points at 21,184, the S&P 500 ended off 3 points to 2,436 and the Nasdaq fell 10 to 6,296. Not really a big deal being we had multiple […]
Equities and the Economy: • U.S. stocks closed for 2nd consecutive session at record highs. • May jobs report disappointing. The Labor Department released its jobs report for May and it was in large contrast to the ADP report. Earlier in the week ADP’s report showed the U.S. added a whopping 253,000 private sector jobs […]
Equities and the Economy: • All three U.S major indexes close at record highs. • Global equities also setting record highs. Equities around the world are on a tear! On the heels of a very strong ADP private-sector employment report investors came in buying, well, everything! Forecasts were for 185,000 private sector jobs to […]
Equities and the Economy: • Stocks post very marginal daily loss. • Three major indexes post monthly gains. U.S. stocks closed very marginally lower yesterday. The Dow lost 21 points closing at 21,009, the S&P 500 dropped a single point to 2,412 and the Nasdaq ended off 5 at 6,199. Chatter. It was a good […]
Equities and the Economy: • S&P and Nasdaq break 7 session winning streak. • Losses very minimal. The S&P 500 and Nasdaq both closed lower yesterday breaking their seven consecutive session winning streak. The S&P closed down 3 points to 2,413 and the Nasdaq was off 7 points to 6,203. These losses are extremely minimal […]
Equities and the Economy: • Tiny gains on Friday, but enough to set records. • Q1 2017 GDP revised higher. The major indexes closed basically flat to Thursday but the very marginal gains by the S&P 500 and Nasdaq were enough for both indexes to post new record highs. The S&P gained 1 point to […]
