Jun 26 – Greece, like so many other nations and governments after the 2008 financial crisis, received a series of large bailouts as its economy sank into disarray. Now, years later, Greece’s creditors are asking for those loans to be paid back…
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Hour 1 Technician David Nicoski: Secular Bull Market in Biotech More Upside to Come 2015-06-27
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An electronic display in Shanghai’s business district shows the performance of China’a two main stock market indices. Photograph: Aly Song/Reuters
Chinese stock markets plunged on Friday as investors rushed to sell over fears that frenzied buying in recent months had sent share prices to unsustainable levels.The Shanghai composite index, which reached a post-crash record of 5,166 earlier this month, has since […]
Summer doldrums drivel:+ It’s a “stockpickers” market now. That means the market is about to fall big time.+ Yields are rising. When muni bond yields hit 5%, investors will flee equities and load up on bonds, especially investors in high-tax states like New York and California.+ No deal for Greece spells stocks will fall. (At least today.)+ Everyone is at […]
Hopes of Greece and its creditors reaching a deal later this week helped benchmarks end higher on Monday. Greece has submitted new fiscal proposals to avert a default. Separately, the Nasdaq closed at an all-time high lifted by gains in biotech stocks.For a look at the issues currently facing the markets, make sure to read today’s Ahead of Wall Street […]
Stocks advanced Monday, propelling the Nasdaq to a record close, lifted by gains in biotech and financial shares as well as optimism that Greece will eventually reach a bailout deal with its shylocks.The Dow rose 103.83 points, or 0.6%, to 18119.78. The S&P added 12.86 points, or 0.6%, to 2122.85.The magnitude of market moves in Europe and the U.S. speak […]
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 […]
It’s been an ugly week for Chinese equities, but today’s performance is a whole other level of ugly:
Today marked the fourth largest decline of the Shanghai Composite in two decades.We’ve discussed the insane valuations on the Shanghai and Shenzen stock-exchange before. As our regular readers will know, today’s fireworks have been a long time in the making.Today the benchmark Shanghai Composite plunged 6.4%. That brings […]
Do not worry… “it’s contained”From The FOMC Statement, Gold is 1st, Bonds 2nd, and Stocks 3rd…and on the week the same picture…WEAK CLOSE…Trannies remain the big squeeze post-FOMC winner but Dow is the laggard…On the week, however, Trannies lagged and ended the week red (down 4 of the last 5 weeks) as Small Caps (dominated by Biotech ‘no brainers’) led […]
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 […]
Setback in bailout talks between Greece and its creditors over the weekend continued to negatively impact benchmarks on Tuesday. The lack of progress in Greek debt talks raised fears among investors of a possible default by Greece and the country’s exit from the Eurozone. Meanwhile, manufacturing activity worsened slightly for New York manufacturers and decline in U.S. industrial production in […]
