BGFS Associates

The stock market ended September in impressive fashion. The Dow failed to close at a record high, but that was about the only disappointment.
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Of major interest to markets this week is the news that the price of a barrel of crude oil has fallen below USD60 per barrel for the first time in six months. This followed reports that Iran is willing to open negotiations on its nuclear aspirations and news that BP is preparing to restore supplies from its Prudhoe Bay facility in Alaska. (continue reading…)

Last week got off to a slow start. Monday the S&P 500 index gained 1 point, and Tuesday it dropped 3. What news there was didn’t generate much volatility as the markets awaited the Fed policy decision on Wednesday. (continue reading…)

In the early part of the summer, markets were concerned about US inflation and the need for interest rate rises, leading to a fairly indiscriminate sell-off in global equity markets. The latest economic news from the US now appears to support a more optimistic view of the economy, (continue reading…)