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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 […]
While Thursday’s weak CPI report gave hope that inflation might stay too low for the Fed to realistically raise rates, much of the week’s equity rally had more to do with four weeks of steadily receding momentum than with the hope that rate hikes might be postponed into 2016 – even the more dovish Fed couldn’t stand in the way […]
Don’t miss the chance to talk to expert options, forex and equity traders on this week’s #PreMarket Prep!Be sure to tune in at 8:00 a.m. EST Monday-Friday here to interact with our veteran traders, market technicians and money managers that come on the show.Monday, June 22, 8:20 a.m.Paul La Monica (@LaMonicaBuzz), Digital Correspondent at CNNMoneyPaul La Monica writes daily about […]
While the stocks are not cheap, they’re not expensive, he added. What investors are paying for is high quality growth and high quality earnings.Read MoreCramer: Secret pattern to unlocking biotech richesIn fact, he thinks people have underappreciated biotech’s “fantastic” margins, noting that the companies now have 50 to 70 percent operating margins and “tons of real cash flow.””These are real […]
Legendary investor Howard Marks likes to quote Albert Einstein: “I never think about the future — it comes soon enough.”But as Marks writes in his recent memo to clients of Oaktree Capital Management: “We can’t take that approach as investors, however. We have to think about the future. We just shouldn’t accord too much significance to our opinions.”Yet the pressure […]
“Don’t fight the Fed,” unless The Fed says “sell.” That appears to be the message loud and clear from an absolutely exuberant Biotech bubble that is now up over 75% from Janet Yellen’s “stretched valuations” warning last year…Up almost 90% from post-Yellen dip lows…Yellen’s “irrational exuberance” moment.
Nevertheless, valuation metrics in some sectors do appear substantially stretched—particularly those for smaller firms […]
It’s no longer a question of whether China’s stock-market rally is a bubble, but when the bubble will burst.Want in on China’s A-shares? The devil is in the detailsInvestors, even at the best of times, have a habit of chasing after bright shiny objects and latching on like a fish to a lure. But in a sideways market, where everyone […]
Mike Bird
Jun. 15, 2015, 5:48 AM
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REUTERS/Fahad ShadeedSaudi traders monitor stocks at the Saudi Investment Bank in Riyadh August 7, 2011.Saudi Arabia just did something that Western investors have been pining for — the oil-rich nation has opened its stock market to the world.Until now, Saudi stocks were restricted in ownership to just Saudis and citizens of the nearby Gulf states. […]
ShareOver the past five years, one sector has outperformed all others in the S&P 500: healthcare.Biotech stocks have led the way, with the Nasdaq Biotechnology Index climbing a whopping 520% since early 2009.The sector’s incredible run hasn’t dampened enthusiasm for the future, either. Healthcare stocks continue to receive bullish outlooks, and some are even taking on an air of invincibility.In […]
© AFP/File Fayez NureldineSaudi Arabia’s stock market will allow foreign investors to trade shares for the first time Monday, further opening up the conservative Islamic kingdom to the global economyRiyadh (AFP) – Saudi Arabia’s stock market will allow foreign investors to trade shares for the first time Monday, further opening up the conservative Islamic kingdom to the global economy.But analysts […]
