Stocks closed a remarkable week of trading in which a Monday Brexit selloff led to a bounce which became a rally. The Dow closed out the week with a gain of 19 points to 17,949 on weak pre holiday volume as traders bolted for the Hamptons. For the week the Dow gained 3.1% and with…Read more
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The post Brexit bounce might be turning into a rally as the Dow gained another 235 points to close at 17,929. Trading volume was higher indicating that big investors are coming back into US markets. The London FTSE index was up over 2% and the German DAX index gained 0.7%. What is noteable about this…Read more
Stocks continue to “bounce” after the Brexit selloff. The Dow gained another 284 points to 17,694 on heavy volume. It has gained back half of what it lost from the Brexit vote. Low oil prices have claimed another victim as Energy Transfer Partners, ETE, has terminated its $33 billion dollar takeover of Williams Companies. A…Read more
Stocks today rallied, or should I say “bounced” on lighter volume after two sessions of hard selling. The Dow gained 269 points to 17,409. Banks and energy stocks led the way. Now that the votes have been cast, the British parliament must draft a letter under Article 50 of the Lisbon Treaty officially telling the…Read more
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