In the ongoing bad-news-is-good-news saga, last week’s surprisingly weak jobs report led to speculation that the Fed would delay hiking interest rates, which is perceived as a positive for equity investors. So, bulls are getting a boost for the moment, although those previously hard-won round-number price levels for the major indexes are now serving as ominous overhead resistance that will […]
Benchmarks ended the holiday-shortened week on a positive note following encouraging initial claims report. Jobless claims declined to a nine-week low last month. Upbeat report on jobless claims raised hopes among investors for a positive nonfarm payrolls report that was to be released on Friday. Markets were closed on Friday for Good Friday holiday.For a look at the issues currently […]
Sam Ro
Apr. 6, 2015, 6:51 AM
2,446
FinVizThe US stock markets will reopen Monday after enjoying a three-day weekend. However, US futures suggest it could be a rough trading session.Currently, Dow futures are down by around 135 points or 0.7%On Friday after a disappointing US jobs report, futures tanked with Dow, S&P and Nasdaq futures all falling by more than 0.9%. That […]
Submitted by Michael Snyder via The Economic Collapse blog,The higher financial markets rise, the harder they fall. By any objective measurement, the stock market is currently well into bubble territory. Anyone should be able to see this – all you have to do is look at the charts. Sadly, most of us never seem to learn from history. Most of […]
Source: Amgen, Flickr.The biotech sector is something of a roulette wheel for investors. The chances of being right are typically against you, but if you can land a winner every now and then the rewards can multiply many times over your initial bet.A majority of the biotech sector is comprised of clinical-stage pipelines or developing product portfolios which are still […]
Dear Reader,Non-farm payrolls in March in the USA were weak. I expect a very weak GDP reading for the first quarter of 2015. Overall, I forecast US GDP to grow no more than 2.5% year on year in 2015. Actually, I think the growth year on year of US GDP for 2015 will be closer to 2.0% than to 2.5%.That […]
What happens tomorrow after jobs?
Paul Richards, head of FX & credit distribution at UBS, looks ahead to Friday’s jobs data. Michael Block, Rhino Trading Partners, chief strategist, weighs in.
U.S. stocks could continue their overall decline on Monday, no matter how good the March job report is.Markets are closed on Good Friday, and the Monday afterwards is historically the S&P 500’s […]
Recognized as the world’s single biggest attraction for high rollers at the gambling tables, Macau is the only location in the People’s Republic of China where betting on the roll of the dice is legal. Macau is just a short ferry ride from Hong Kong, through which many mainlanders travel to get to the casinos. As such, the former Portuguese […]
Hosting and web domain-registration company GoDaddy made its debut today on the New York Stock Exchange under the symbol GDDY, with shares becoming available at $26.15, up about 30.8 percent from the $20 price at which the company sold shares for its initial public offering.The debut price is also higher than the $17-19 range that GoDaddy set for its stock shares two […]
Since reaching all-time highs on March 19, the three largest biotech exchange traded funds are off 4.4% with the SPDR S&P Biotech ETF (XBI) ranking as the worst offender of the trio with a loss of 5.7%.XBI’s recent struggles illustrate the ETF’s risk/reward proposition. As an equal-weight ETF, the $2.1 billion XBI is dependent on the largest biotech stocks, such […]
