Markets rebounded on Friday to register solid gains as Eurozone’s officials approved a four-month extension to Greece’s bailout program. However, another decline in oil prices weighed on energy shares, which in turn eroded some gains. The Dow finished at a record high for the first time this year, while S&P 500 hit the same for the third time. Meanwhile, the […]
Who can beat the ‘superbug’?
A new antibiotic-resistant “superbug” may have contributed to the deaths of 2 patients at Ronald Reagan-UCLA Medical Center. What companies may be on track to combat the deadly virus, with CNBC’s Meg Tirrell.
A year ago, Receptos was a billion-dollar company looking to compete with drugmakers sometimes a hundred times its size, in therapeutic areas already served […]
Every month, we review the latest BAML survey of global fund managers. Among the various ways of measuring investor sentiment, this is one of the better ones as the results reflect how managers are allocated in various asset classes. These managers oversee a combined $700b in assets.The data should be viewed mostly from a contrarian perspective; that is, when equities […]
Myles Udland
Feb. 17, 2015, 8:41 PM
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Flickr / Marcello Maria PeronginiGoldman Sachs’ Chris Mischaikow is out with a review of the last six months of big moves in equity, currency, and bond markets.And over the last six months, the biggest driver of moves in the stock market has been, well, nothing obvious.Mischaikow writes that between August and January, “Moves in equities often […]
Indexes had very nice action in the back half of the week and Friday’s 0.41% gain for the S&P 500 and 0.75% rally in the NASDAQ only added to that theme. Greek Prime Minister Alexis Tsipras agreed to meet with representatives from the European Union, the European Central Bank and the International Monetary Fund, ahead of Monday’s key Eurogroup meeting […]
VIDEO UPDATE: Market analysis looking at long term charts, movers on the day, and analysis of 50 stocks with setups and buy points.A relatively quiet session for the indexes after last week’s fireworks as the market saw a small gap down at the open followed by a small rally and then a late day selloff. The S&P 500 fell 0.42% […]
ECB’s Greek ploy grabs Gartman’s attention
Discussing how earnings; Europe and oil impacted today’s trade, with Dennis Gartman of the Gartman Letter; CNBC contributor Herb Greenberg and CNBC’s Jeff Cox.
The rocky market action of the past week or so has prompted noted investor Dennis Gartman to issue a warning to his fellow investors: Be careful.”Use puts, use positions to defend yourself. […]
Wednesday’s sessions was volatile marked by a sharp spike down in the closing moments of the day as news broke that the European Central Bank revoked a waiver that allowed banks to use Greek government debt as collateral for loans. The decision will force Greek lenders, who since 2010 had been able to access funds from the ECB against junk-rated […]
Faber: “Only one way to short central banks and that is to buy gold”.Marc Faber warned at the weekend that 2015 may be the year that investors will lose confidence in central banks and that investors will “suddenly realise what a scam that central banking is”.He is long gold and recently bought more gold and investors should buy gold and […]
ReutersLONDON (Reuters) – Waves of cheap money from central banks have shielded stocks from the volatility besetting currency and commodity markets, but increasing disparities in company earnings forecasts suggest that could soon change.Analyst forecasts for European and U.S. companies have reached levels of dispersion not seen since 2010 and 2011 respectively, according to Thomson Reuters data, at a time when […]
