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Archive for the ‘EIA’ Category

Morning Energy Blog – December 15, 2017

Equities and the Economy: • Dow ends 5 session advance. • Equities moving on tax bill news. The Dow broke its 5 session, 4 record high advance yesterday closing down 77 points at 24,509. The S&P 500 fell 11 points, 0.41%, to 2,652 and posting its largest daily percentage drop since November 15th. Don’t panic […]

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Morning Energy Blog – December 14, 2017

Equities and the Economy: • Dow closes at record high. • Fed raises interest rates. As almost universally expected, the Fed raised the overnight lending interest rate (Fed funds rate) a ¼% yesterday marking its 3rd rise in 2017 to 1.5%. The increase was baked into the markets and the equity action was choppy yesterday. […]

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Morning Energy Blog – December 13, 2017

Equities and the Economy: • More records. • U.S. wholesale inflation near 6 year high. The Dow and S&P 500 closed at record highs for a 4th consecutive session yesterday. The Dow posted a healthy gain of 119 points, 0.5%, finishing at 24,505 and the S&P rose 4 points, 0.2%, ending at 2,664. The rotation […]

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Morning Energy Blog – December 7, 2017

Equities and the Economy: • Stocks close basically unchanged. • Bitcoin up 20% in 24 hours. After falling for three days yesterday U.S. stocks ended fairly flat to Tuesday. The Dow fell 40 points to 24,141, the S&P 500 closed flat at 2,629 and the Nasdaq gained 14 points to 6,776. The S&P 500 is […]

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Morning Energy Blog – December 1, 2017

Equities and the Economy: • Dow and S&P close at record high. • Dow closes above 24,000 for first time. It was a stellar day for stocks yesterday. The Dow skyrocketed gaining a whopping 332 points, 1.39%, closing above 24,000 for the first time at 24,272 and logging its largest single day gain since March. […]

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Morning Energy Blog – November 27, 2017

Equities and the Economy: • S&P and Nasdaq close at all-time highs. • Three major indexes post first weekly gain in three weeks. Although the equity markets closed early on Friday at 1 PM EST and trading was understandably very light, the three major U.S. indexes managed to all posted gains with the S&P 500 […]

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Morning Energy Blog – November 22, 2017

Equities and the Economy: Another strong performance for global equities. All three major indexes finish at record highs. With investors optimistic about global economic growth and current strong earnings, stock markets around the world posted a good performance including those in the U.S with the three major indexes closing at record highs.  The Dow logged […]

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Morning Energy Blog – November 21, 2017

Equities and the Economy: M & A activity drive equities higher. Volume light. U.S. stocks closed higher yesterday on the announcement that chipmaker Marvell Technology will buy rival Cavium.  Possibly like myself, you’ve never heard of either company, but the importance here is that investors view mergers and acquisitions activity as bullish for equities because […]

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Morning Energy Blog – November 20, 2017

Equities and the Economy: Stocks close lower on Friday. Dow and S&P log second consecutive down week. U.S. equities closed out the week on a down note with the Dow shedding 100 points to 23,358, the S&P 500 posting a loss of 7 points to 2,579 and the Nasdaq sliding 11 points to 6,783.  Both […]

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Morning Energy Blog – November 17, 2017

Equities and the Economy: • Equities rise sharply. • Strong corporate earnings and progress on tax reform. Well that wasn’t much of a dip. After falling 4 of the last 5 sessions, U.S. equities posted big gains yesterday. The Dow ended up a very nice 187 points, 0.8%, at 23,458. It was up as much […]

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