REUTERS/Bobby Yip Ding Biyan, Chairman and Executive Director of Huisheng International Holdings Ltd, a regional pork producer in China’s southern Hunan province, poses beside a gong during the debut of the company at the Hong Kong Stock Exchange February 28, 2014.Hong Kong stocks are having a pretty amazing run right now.The Hang Seng climbed another 0.84% on Friday, capping off […]
Has the U.S. stock market been strong or weak so far in 2015? As the above three charts from the excellent FinViz site indicate, the answer very much depends on the segment of the market you’ve been following and trading.With respect to stock sectors, consumer discretionary and healthcare shares have performed well. Note the strength in housing stocks (XHB) and […]
The stock market is rigged.When I started making that claim years ago — and provided solid evidence — people scoffed. Some called it a conspiracy theory, tinfoil hats and that sort of stuff. Most people just ignored me.But that’s not happening anymore. The dirty secret is out.With stock prices rushing far ahead of economic reality over the last six or […]
By Dow Jones Business News, March 25, 2015, 02:10:00 PM EDTAAABy Anora Mahmudova and Barbara Kollmeyer, MarketWatchDurable-goods orders drop in February; Kraft, Kofex up on M&A newsNEW YORK (MarketWatch) — U.S. stocks fell on Wednesday, declining for the third straight session, as a selloff in technology and biotech stocks pushed indexes lower.The S&P 500 (SPX) lost 19.06 points, or 0.9%, […]
It’s been an eventful week on the pipeline front with companies like Biogen (BIIB – Analyst Report), Prothena (PRTA – Snapshot Report) and Vertex (VRTX – Analyst Report) coming out with data. Meanwhile, Gilead (GILD – Analyst Report) was back in the news once again due to its hepatitis C virus (HCV) franchise.Recap of the Week’s Most Important Stories1. Hopes […]
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 $600b in assets.The data should be viewed mostly from a contrarian perspective; that is, when equities […]
Absolutely nothing has changed since I last wrote about this market in June of 2014. If you haven’t read it, you can read it here. The stock market bubble continues to grow, with new all time highs (ATH) being made daily, with no pullbacks, and extremely low volume. We rally on bad news and even higher on good news. Absolutely […]
MRK -0.30%ABT +0.13%AMGN +0.40%Health care stocks were mostly higher, with the NYSE Health Care Sector Index climbing 0.3% and shares of health care companies in the S&P 500 advancing 0.6% as a group.In company news, Athersys (ATHX) advanced Monday after the biotech company lined up Japanese drugmaker Chugai to help it develop its stem-cell therapy for stoke.Under terms of the […]
“The Fed is out of control,” exclaims David Stockman – perhaps best known for architecting Reagan’s economic turnaround known as ‘Morning in America’ – adding that “people don’t want to hear the reality and the truth that we’re facing.” The following discussion, with Harry Dent, outlines their perspectives on the looming collapse of free market prosperity and the desctruction of […]
Stocks finished mixed again on Thursday in another quiet session. I checked the calendar, because the action feels eerily like a holiday reprieve. Where is everyone?Or maybe like a calm before a storm given threatening data on nascent deflation and a rollover in corporate earnings. I know it’s almost forbidden to say this out loud with sentiment so bubbly — […]
