Benchmarks ended in the red on Tuesday after volatility in global bond markets made investors jittery. While the German bond yields gained amid selloff in European bonds, U.S Treasury bonds touched the highest level since mid-November.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street articleThe Dow Jones Industrial Average (DJI) […]
It looked like it was going to be a very nasty day premarket but in the end losses were mild for U.S. indexes. Still it remains time to be cautious as we have been for the past two weeks. The S&P 500 fell 0.29% and the NASDAQ 0.35%. The bond market continues to cause some issues as not only the […]
Vivek Ramaswamy
Just before Christmas last year, a newly formed Bermuda-based biotech run by former hedge fund partner Vivek Ramaswamy struck a deal to in-license a shelved Alzheimer’s drug from GlaxoSmithKline ($GSK) with plans to put it into Phase III. That late-stage study won’t start until the fourth quarter, but the newborn biotech isn’t waiting around at the starting line. The […]
Last week started off ugly and could have gotten even uglier when Janet Yellen “quite high’d” the market into a tizzy. The savvy trader might have spotted her cautionary flag on uppity valuations as a reason to buy. That trader would have been rewarded handsomely when Friday’s jobs report helped to drive blue chips to their best day in more […]
Benchmarks snapped a two-day losing streak on Thursday following easing in bond yields and gains in technology stocks. Meanwhile, a less-than-expected rise in initial claims numbers on Thursday has set the tone for crucial total non-farm payroll data scheduled for release today. Investors are looking forward to the nonfarm payroll report to gauge the timing of the rate hike.For a […]
While the indexes had a nice 2 day rally Fri/Mon, it was difficult to really trust it because some secondary indicators (such as the NYSE McClellan Oscillator we cite often) have been trending in the wrong way. Today was a good example of why you want those secondary indicators to be in our favor before going all in, on a […]
Following a volatile end to April, on whose last day many decided to frontrun “selling in May before going away”, the world has taken a breather and overnight China was closed to celebrate May day, unable to celebrate the “beat” of the official Chinese Manufacturing PMI which printed unchanged from last month, at 50.1, goalseeked to beat the consensus expectation […]
U.S. indexes were in the red all day today as some quite miserable economic data didn’t do the normal trick of making everyone happy because it means the Federal Reserve will never raise rates in our lives. The S&P 500 fell 0.37% and the NASDAQ 0.63%. The Federal Reserve Open Market Committee released its meeting statement on Wednesday afternoon that […]
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The Nasdaq is back at all-time highs. After closing at 5,048 back in March 2000, the Nasdaq took more than 15 years to close above that level, closing at 5,056 on Thursday to make a new record closing high. During the day on Thursday, the S&P 500 also breached an intraday record high. And while it’s been a long road for […]
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The Nasdaq is back at all-time highs. After closing at 5,048 back in March 2000, the Nasdaq took more than 15 years to close above that level, closing at 5,056 on Thursday to make a new record closing high. During the day on Thursday, the S&P 500 also breached an intraday record high. And while it’s been a long road for […]
