Mark Levy’s Economic Update – January 2015

Mark Levy’s Economic Update – Thursday, January 08, 2015 Since my last letter in December, stock markets and oil markets have been volatile. The stock market is actually higher today than at last month’s writing. The Dow 30 Industrial Average is currently trading at 17, 841 – a few hundred points below its all-time high. […]

Mark Levy’s Economic Update – December 2014

Mark Levy’s Economic Update – Wednesday, December 10, 2014  My opening comment last month was about declining oil prices and the same will be the case in this month’s letter. This morning, Brent Crude Oil has dropped below $65/barrel for the first time since 2009 and OPEC has cut their demand forecast for Crude Oil […]

Mark Levy’s Economic Update – November 2014

Mark Levy’s Economic Update – November 13, 2014  As I stated in my letter last month, the continuing decline in oil prices is stunning! Gasoline prices peaked this year at the end of April at close to $3.80 per gallon. The price remained at that level until the end of June, and then dropped precipitously […]

Mark Levy’s Economic Update – Wednesday, October 08, 2014

       Mark Levy’s Economic Update – Wednesday, October 08, 2014 A number of months ago, I wrote in this newsletter that there was a possibility that $90 per barrel would become the ceiling for crude oil prices as opposed to the floor. Yesterday, WTI Crude for November delivery at the New York Mercantile Exchange closed […]

Mark Levy’s Economic Update – September 2014

Mark Levy’s Economic Update – Friday, September 05, 2014  The big global news this week is the decision yesterday by Europe’s Central Bank (ECB) to lower its main lending interest rate by 0.10 percentage point to 0.05%. It also cut a separate rate on bank deposits deeper into negative territory, to – 0.2% from -0.1%. […]

Mark Levy’s Economic Update – August 2014

Mark Levy’s Economic Update – Thursday, August 07, 2014  The Dow 30 Industrial Average is down 75 points this afternoon and closed at 16,368. That is 745 points below the closing high of 17,113 posted July 22nd. This drop represents a decline of approximately 4.35 % from the high and if you have been reading […]

Mark Levy’s Economic Update – July 2014

Mark Levy’s Economic Update – Wednesday, July 9, 2014  This week marks the beginning of the 2014 2nd quarter earnings releases with Alcoa Aluminum being the first. The news was good – Alcoa maintained its forecasts for global aluminum (7% growth in 2014) and left all of its end market forecasts unchanged except for one […]

Mark Levy’s Economic Update – June 2014

Mark Levy’s Economic Update – Tuesday, June 03, 2014 Considering that summer will be imminently upon us and the prospect of driving trips many of us may be embarking on, gas pump prices seemed an appropriate subject to begin this letter with. According to the U.S. Department of Energy, the average national gas price is […]

Mark Levy’s Economic Update – Tuesday May 6, 2014

Mark Levy’s Economic Update – Tuesday, May 06, 2014 The last few months have seen a rotation in U.S. equity markets. Some stocks have dropped in price as Wall Street and retail investors have questioned the valuation levels of these companies. At the same time, The Dow 30 Industrial Average, only a few days ago, […]

Mark Levy’s Economic Update – March 2014

Mark Levy’s Economic Update – Friday, March 14, 2014 Yesterday, the stock market decided to react to soft economic news from China and geo political concerns regarding Russia and the Ukraine. The Dow 30 Industrial Average declined 240 points to close at 16,109 and today is trading at 16,133, up 18 points on the day. […]