S&P +4pts to 1975 Dow +37pts to 16850 Nasdaq +7pts to 4515 US 10 year yields 2.37% -2bp We’re inching our way back towards the 1985 level and the 1991 highs.
S&P +10pts to 1965 Dow +96pts to 16759 Nasdaq +23pts to 4488 US 10 year yields 2.36% +2bp With the market seemingly not caring about what actually went on last Friday we’re seeing some early gains for stocks. Europe already … Continue reading
Here are the closing/current numbers across the US and more, including the changes on the week.
S&P +3pts to 1950 Dow +18pts to 16670 Nasdaq +6pts to 4440 US 10 year yields 2.39% -2bp While it’s pertinent to keep an eye on the yields around these levels remember that dollar moves in unison tend to lose … Continue reading
A couple of weeks ago I noted the similarity of the moves around the 1980′s to that of the moves back in March/April as we took on 1900. Looking at the chart today those similarities stand out even more. Back … Continue reading
Macy’s has cut its full year same store sales to 1.5-2% from 2.5-3% prior. Although they said that Q2 sales rose 3.3% they would not make up for the weather related weakness in the first quarter. They reported earnings earlier and … Continue reading
S&P -3pts to 1933 Dow -9pts to 16560 Nasdaq -12pts to 4389 US 10 year yields 2.44% +2bp Not a lot happening in stocks ahead of US retail sales numbers tomorrow. Will the recent trend in jobs growth finally filter … Continue reading
Vice chairman of the Blackstone Group, Byron Wien is out on CNBC Sees S&P at 2300 by year end Interest rates to rise by middle of 2015 Concerns are geopolitical risks and soaring oil prices Sees biotech as strongest sector, … Continue reading
S&P +1pts to 1938 Dow +2pts to 16571 Nasdaq +3pts to 44 US 10 year yields 2.42% flat A tentative start to the open and we’ve been mostly flapping around flat. JOLTS data is up at the top of the … Continue reading
Both the Dow and S&P finish the day up over 1.0% and US 10 year bond yields finish up on the highs of the day too.