They say good things come in threes. If so, biotech companies could be in for not just another year of outperformance, but another decade. The first era of biotech was a building phase, when companies created their first blockbuster drugs. The second, current one, has resulted in a four-year rally that reflects the sector’s transition from a cluster of one-hit […]
Via Dana Lyons’ Tumblr,.50-day “droughts” before and after a 52-week high in the Dow Jones Industrial Average have marked several major tops.It has now been 64 days since the last 52-week high in the Dow Jones Industrial Average (DJIA) on May 19. While that may seem like an eternity in the context of the past 2.5 years, it’s not at […]
The S&P 500 Biotech Index has nearly tripled in the past three years. The index had stalled and moved sideways for much of the past spring, leading some to wonder whether the rally was spent. Several factors have been fueling the biotech rally of the past three years. For one thing, the U.S. Food and Drug Administration has been pushing […]
#Biotech and #socialmedia stocks doing well | QUANTLABS.NET
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How China’s stock chaos could affect New York real estateSizing up the dominoes connecting Shanghai to the Big AppleJuly 10, 2015 06:00PMBy Konrad PutzierThis week’s headline-grabbing turmoil in China’s stock markets left New York’s real estate industry wondering how it could impact the market here. According to those who follow China closely, there are two […]
An investor sits in front of a chart showing China’s Shenzhen stock market index on Monday. David Lom
On Monday, the People’s Daily — essentially the Communist Party’s mouthpiece — declared that “rainbows always appear after the rains” in an attempt to reassure investors.
These words did not halt the overall decline, however, and on Tuesday Chinese stocks fell again, with […]
“By declaring Greece in arrears, the IMF avoided using the term ‘default,’” says this morning’s New York Times.If you read yesterday’s 5 Minute Forecast, you already knew that’s what would happen. The Greek government missed a $1.7 billion payment to the International Monetary Fund. But don’t call it a default.The U.S. finance industry played this game a few years ago. […]
Oscar Williams-Grut
Jun. 8, 2015, 3:16 AM
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REUTERS/Murad SezerTurkish President Tayyip Erdogan cast his ballot at a polling station during the parliamentary election in Istanbul, Turkey, June 7, 2015.Turkey’s stock market is tumbling and the lira is down over 5% against the dollar this morning after Turkish president Recap Tayyip Erdoğan suffered a huge poll in elections.Erdoğan’s AKP has suffered its first […]
Oscar Williams-Grut
Jun. 8, 2015, 9:35 AM
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REUTERS/Murad SezerTurkish President Recep Tayyip Erdoğan cast his ballot at a polling station during the parliamentary election in Istanbul on Sunday.Turkey’s stock market is tumbling and the lira is down over 5% against the dollar Monday morning after President Recep Tayyip Erdoğan suffered a huge setback in the country’s elections.Erdoğan’s AKP has suffered its first […]
Benchmarks ended about 1% lower on Tuesday following a rise in the dollar and upbeat economic data. While an increase in the dollar compelled investors to reduce their exposure on riskier assets including equities, encouraging economic data raised anxiety of a rate hike sooner than later. Meanwhile, concerns about Greek’s debt crisis added to the bearish sentiment. The S&P 500 […]
