But were holding down the fort. Japans nikkei reopening after yesterdays Public Holiday and it plunged. 4. 8 . It closed at its lowest level since october 2014. The index is down in seven of the last eight sessions. That is coming as the yen has been rising against the dollar and it comes after yesterdays big selloff in the u. S. This years lowses have erased nearly 1. 8 trillion in value for investors just on that index. The s p is down 10. 5 since the first trading day of 2016. But u. S. Equity futures are rebounding this morning. Part of that is because of firmer oil market. Take a look at what crude is doing. It is bouncing back today following Late Afternoon comments by an opec Energy Minister from the United Arab Emirates that sparked hopes of a coordinated production cut. And though weve heard this story before and havent gotten anything out of it, the markets are interpreting that as a positive. Wti he crude currently up nearly 4 . 27. 21. Brent is sitting above 31 a barrel, up
Dip on concerns it cant maintain the momentum. Jpmorgans jamie dimon outlines his take on the brexit in his annual letter on the outcomes of an eu vote. Large and potentially unknown. Welcome, it is countdown. I am manus cranny. Lets get into the clear message the fed wants you to get. There will be a rate hike this year, a dovish janet yellen, the minutes confirm everything we heard, and mr. Bullard says there is a debate, but if you look at wrip, a rate hike in the usa, that is not on the cards anytime soon. By december, 53 . The dollar is down. That is the message from the fed. Get it and get it clearly. Global concerns will trump the domestic issue. The s p had biggest rally. , the biggest rally in almost four years. What you have here is volatility dropping. There is another story, 1 trillion worth of stocks being shorted. What happens at the u. S. Equity market really takes flight. As talked about dollar again this about dollaryen. The dollar lost 6 since the fed raised its rates
For 2016 was over. Tipped off stocks did with their worst start to a year ever. Correction territory for the dow and the s p 500, almost a bear market for nasdaq. Then, like that texas a m Basketball Team last week, a furious, miraculous comeback. Oil price s rose, recession feas receded, china settled down, stock investors started hitting threepointers. Today the First Quarter ended and you as the coach of your portfolio should feel relieved that the game didnt get away from you. Those big early declines for the s p and dow, theyre gone. Those indexes are now both near their highs of the year back in positive territory after posting their second straight quarterly win. This the final day of q1 ended quietly. The Dow Jones Industrial average lost 31 points to 17,685. Nasdaq rose fractionally. The s p 500 was off 4. As for the nasdaq, it remains negative for the year but by less than 3 . A thoireepointer in the Second Quarter and the nasdaq gains all even for the year. The quarters most
For 2016 was over. Tipped off stocks did with their worst start to a year ever. Correction territory for the dow and the s p 500, almost a bear market for nasdaq. Then, like that texas a m Basketball Team last week, a furious, miraculous comeback. Oil price s rose, recession feas receded, china settled down, stock investors started hitting threepointers. Today the First Quarter ended and you as the coach of your portfolio should feel relieved that the game didnt get away from you. Those big early declines for the s p and dow, theyre gone. Those indexes are now both near their highs of the year back in positive territory after posting their second straight quarterly win. This the final day of q1 ended quietly. The Dow Jones Industrial average lost 31 points to 17,685. Nasdaq rose fractionally. The s p 500 was off 4. As for the nasdaq, it remains negative for the year but by less than 3 . A thoireepointer in the Second Quarter and the nasdaq gains all even for the year. The quarters most
For 2016 was over. Tipped off stocks did with their worst start to a year ever. Correction territory for the dow and the s p 500, almost a bear market for nasdaq. Then, like that texas a m Basketball Team last week, a furious, miraculous comeback. Oil price s rose, recession feas receded, china settled down, stock investors started hitting threepointers. Today the First Quarter ended and you as the coach of your portfolio should feel relieved that the game didnt get away from you. Those big early declines for the s p and dow, theyre gone. Those indexes are now both near their highs of the year back in positive territory after posting their second straight quarterly win. This the final day of q1 ended quietly. The Dow Jones Industrial average lost 31 points to 17,685. Nasdaq rose fractionally. The s p 500 was off 4. As for the nasdaq, it remains negative for the year but by less than 3 . A thoireepointer in the Second Quarter and the nasdaq gains all even for the year. The quarters most