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 […]
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 […]
Netty Idayu Ismail of Bloomberg reports, Hedge Fund That Made 18% on Dollar Strength Now Bets on Drop:
Charlie Chan, a former Credit Suisse Group AG proprietary trader who now runs his own hedge fund, reduced bets the dollar will strengthen and added trades that would profit from a decline.Chan said he trimmed his fund’s long dollar position versus the yen […]
Stock Market Bears Get Slaughtered Despite Greece Counting Down to Grexit Financial ArmageddonStock-Markets / Stock Markets 2015Apr 20, 2015 – 04:36 PM GMTBy: Nadeem_WalayatFriday’s stock market plunge gave great hope to the bears who had been cocka-doodle-dooing all weekend that the top was once more in and that the bear market had finally definitely begun this time, only to find […]
NEW YORK (AP) — Major stock indexes flipped from losses to gains Thursday afternoon following a rebound in crude oil prices. Major markets in Europe finished with losses amid renewed concerns that Greece could default on its debts.KEEPING SCORE: The Dow Jones industrial average rose 39 points, or 0.2 percent, to 18,153 as of 2:34 p.m. Eastern time. The Standard […]
NEW YORK (AP) — Netflix soared, big corporations turned in quarterly results, and investors welcomed new companies into the market. There was plenty of news, but major indexes finished the day just short of where they started.Stocks drifted lower at the start of trading, followed oil prices higher in the early afternoon, then flipped back to slight losses in the […]
Wall Street maintains its historic and decidedly un-PC traditions this week with shortened trading hours on Good Friday. Here are the details.On Friday night, the Matins of Holy and Great Saturday, a unique service known as The Lamentation at the Tomb (Epitáphios Thrēnos) is celebrated. (Photo via Wikipedia, of Greek Orthodox ceremony)CLEVELAND, March 31, 2015 − It’s been refreshing up here in […]
on weekends and tweet any changes during the week at @humblestudent.I would love to say that I am right all the time, but the market gods will humble anyone who does that (hence the name of my blog “Humble Student of the Markets”). Last week, I was leaning bullish (see The bulls are alright), but that directional bet worked […]
MARCH 21stWORLD MARKETS-Sharp decline in U.S. dollar lifts stocks, oil – Euro has best week against the dollar since 2011 – Oil sharply higher despite oversupply concerns – European stocks helped after Athens’ assurances – Fed Loses Patience, But Is in No Hurry – Oil Markets Brace for Another DelugeThe Fed’s lack of impatience sends markets on a wild ride, […]
View photo.Biotechnology ETFs have leapt out of the gate in 2015 with another strong spurt of momentum that has catapulted them to the top of sector rankings. The unequivocal asset leader in this category is the iShares NASDAQ Biotechnology Index (ETF) (NASDAQ: IBB), which has more than $8 billion under management.IBB has gained more than 12 percent so far this […]
