It was a tumultuous week. Investors should get used to it because volatility is going to be with us for some time to come. You can blame a lot of things, but the evidence suggests that the dollar is the main culprit behind the market’s gyrations.The rate of ascent, rather than the direction of the dollar, is largely to blame […]
The bad news is that we just finished lower for a fourth-straight session. The good news: Hey, at least the market didn’t just add another black crow to the flock. Not the “She Talks to Angels” kind. Rather, the kind that pecks away at positions.Here’s how it works: After a decent stretch, the S&P SPX, +0.24% started with three trading […]
On a weak day for the markets Wednesday, one of the year’s worst performers proved to be a bright spot.Lumber Liquidators was up more than 10 percent and traded 57,000 options contracts. That might not seem like a lot compared to the Apples and Facebooks of the world, but it is substantially more than its much larger home improvement store […]
Last summer, Federal Reserve Chair Janet Yellen said valuations in certain corners of the stock market like biotech were getting “substantially stretched,” and traders have gotten a good laugh at her warning ever since as the stocks resumed their winning ways and raced higher. But given the recent battering of the biotech stocks, the caution recommended by the central bank […]
View photo.(Wikimedia Commons)Some investors have been worried about a bubble in biotech stocks, and Wednesday’s sell off seemed to prove those fears.Biotech stocks fell more than 3%, their biggest one-day drop this year.But the industry is still one of the best-performing in the market: it’s up 35% over the past 12 months and 9.3% year-to-date, compared to year-to-date gains of 3% for the […]
Akin Oyedele
Mar. 25, 2015, 5:45 PM
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Screenshot via Bloomberg TVDavid RosenbergIt was a rough day for stocks.In a note to clients on Wednesday, Gluskin Sheff’s David Rosenberg took a step back to highlight four of the biggest obstacles facing the bull market.Here’s what Rosenberg outlined:Earnings momentum has slowed. Bottom-up consensus forecasts for S&P 500 operating earnings growth in the first quarter have […]
Wednesday’s stock decline looked like end-of-quarter kind of action, said Jack Bouroudjian, chief investment officer of Index Financial Partners. However, he thinks the real question is what will happen at the beginning of the next quarter.”One of the things that worries me is that we’re entering a very difficult time for stocks,” he told “Closing Bell.”Read More Stocks plunge, but […]
Myles Udland
Mar. 25, 2015, 2:55 PM
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Flickr/Gonzalo IzaBiotech investors have been here before.Stocks are lower on Wednesday and the high-flying biotech sector is leading the way down, with the iShares ETF that tracks the sector falling more than 3%. And as the sector has weakened over the last several days, this sell off is starting to look at lot like the sell […]
Myles Udland
Mar. 25, 2015, 2:55 PM
2,734
Flickr/Gonzalo IzaBiotech investors have been here before.Stocks are lower on Wednesday and the high-flying biotech sector is leading the way down, with the iShares ETF that tracks the sector falling more than 3%. And as the sector has weakened over the last several days, this sell off is starting to look at lot like the sell […]
View gallery.(Flickr/Gonzalo Iza)Biotech investors have been here before.
Stocks are lower on Wednesday and the high-flying biotech sector is leading the way down, with the iShares ETF that tracks the sector falling more than 3%. And as the sector has weakened over the last several days, this sell off is starting to look at lot like the sell off we saw in […]
