After a weird week for U.S. stocks – the Dow, S&P 500 and Nasdaq yet again notch new records on Friday after losing ground during the week Inflation and growth Do you believe stalling economic growth is a bigger threat than inflation? Right now I have less of an ideaRead More →
All time records set again The S&P 500 rose to an all time high of: 4358 The Nasdaq closed at an all time high of: 14664 Big tech stocks do the heavy lifting Popular technology and internet stocks once again outperformed the market on Wednesday 7th July 2021. Investors boughtRead More →
Halifax housing data The Halifax data out today, suggested house prices dipped 0.5% in June as the stamp duty holiday began to be phased out. Prices were up 8.8% over the year, leaving average prices still more than £21,000 higher, following a recent period of gains. In the last yearRead More →
Repo overnight demand increases Overnight demand for the Federal Reserve’s reverse repo program surged close to $1 trillion on Wednesday 30th June 2021. Is this a problem? The repo system is an overnight money holding facility for banks and financial institutions. A short term parking system for billions of U.S.Read More →
Official PMI data shows dip in reading An official report released 30th June 2021 of China’s factory activity is reported to have recorded a slight drop, as a shortage in computer chips and power problems slowed production. China’s official manufacturing purchasing managers index (PMI) – fell to 50.9 from 51.0Read More →
The S&P 500 and the Nasdaq moved into uncharted waters at close of business yesterday, 29th June 2021 both claiming new records New all time highs reached! The Nasdaq closed at an all time record high of: 14528 The S&P 500 closed at an all time high of: 4292 ButRead More →
Prospects brighter for global economic recovery The OECD (Organisation for Economic Cooperation and Development) said the world economy is likely to expand by 5.6% in 2021. The figure for the UK is 5.1% followed by 4.7% next year. This significantly brighter outlook reflects the deployment of effective vaccines. Stimulus aidRead More →
Dow climbs 290 points to close at another record high, yields hit tech stocks The Dow Jones Industrial Index closed up at: 32779 a new record high. The S&P 500 closed up at: 3943 a new record high. Dow super charged The Dow jumped to another record high on FridayRead More →
Dow and S&P 500 hit new all time highs! U.S. stocks climbed to record highs on Thursday, 11th March 2021 as a rebound in tech shares resumed and President Biden’s massive $1.9 trillion Covid relief package became law. The Dow finished up 188 points after rallying more than 300 pointsRead More →
Dow makes history reaching 32297 and set a new high The Dow Jones Industrial Average on Wednesday 10th March 2021 closed above 32,000, reaching a new record high. The 30 stock index closed at 32297. It took just 42 days to achieve the milestone and the index has now madeRead More →