Martin Ritchie and Agnieszka De Sousa of Bloomberg report, Copper Poised for Worst Week Since January as Commodities Slump:
Copper traded near the lowest since 2009 as Chinese manufacturing data added to evidence that demand is slowing in the world’s biggest user of raw materials.The preliminary Purchasing Managers’ Index from Caixin Media and Markit Economics unexpectedly fell to the lowest in […]
Commodities Collapsed Just Before The Last Stock Market Crash – So Guess What Is Happening Right Now?
By Michael Snyder, on July 22nd, 2015If we were going to see a stock market crash in the United States in the fall of 2015 (to use a hypothetical example), we would expect to see commodity prices begin to crash a few months […]
The Bloomberg Commodity Index tumbled once again today, hitting its lowest level since 2002. Stocks did not. We have seen this kind of ‘deflationary’ boom before and it did not end well…*)As BofAML somewhat mockingly reflected; It’s a deflationary boom. Nasdaq hits all-time high today; CRB breaking down to 2002 lows. Wall St narrative flips from crash to boom/bubble as […]
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PayPal started trading on the Nasdaq this morning at $41.46 per share.As an […]
By Ben LevisohnUBS analyst Mathhew Roden and team still like biotech stocks, but think it’s time to get more selective, recommending “high quality risk reward names” like Gilead Sciences (GILD) and Vertex Pharmaceuticals (VRTX), while downgrading Amgen (AMGN) and Regeneron Pharmaceuticals (REGN). They explain why:
Freya Ingrid Morales/Bloomberg News
Although we still think that biotech will continue to outperform the broader markets […]
Get the newsLog In or Subscribe to skip3Share This Story!Let friends in your social network know what you are reading aboutNYSE resumes trading after nearly 4 hour haltAll trading on the New York Stock Exchange is halted Wednesday for unknown internal technical reasons – heaping yet another worry onto investors already rattled by global economic concerns.##Sent!A link has been sent […]
REUTERS/Lucas JacksonMembers of the New York Stock Exchange attempt to figure out what caused a halt in trading on the floor of the exchange in New York, July 8, 2015.The New York Stock Exchange is open after a 3-hour halt.At 11:32 a.m. ET on Wednesday, trading on the exchange was halted after a technical glitch. “The issue we are experiencing is […]
Akin Oyedele
Jun. 29, 2015, 10:37 AM
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Bloomberg TVTom LeeUS stocks have started the week firmly in the red.It’s the first big reaction to the bad news from Greece over the weekend, as it heads into a missed payment to the IMF on Tuesday, and implements capital controls all week long.As stocks sell off, there’s the question of how all of this […]
Nope, no bubble here at all. Biotechs driven by fun-durr-mentals like everything else…*)As Bloomberg reports, perhaps there is a limit it this insanity. Demand for options tied to declines in an exchange-traded fund tracking the companies rose to the highest level in three years relative to bullish ones, according to data compiled by Bloomberg. The Nasdaq Biotechnology Index has risen […]
More Charts
Into its sixth year, the bull market continues to grind higher while experiencing a very low level of volatility.Market technician Ryan Detrick noted that it’s been 8 weeks since we’ve seen a weekly move of at least 1% up or down in the S&P 500. That’s the longest such streak we’ve seen in 21 years.And it’s not just the […]
