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The Phrase That Initiates Recessions

The Phrase That Initiates Recessions

It Can’t Get Any Worse? On Friday, shortly after the release of the payrolls report, we asked half in jest whether the time had finally come for the market to interpret bad news as bad news, and not as an opportunity to speculate on more central bank largesse. As someone remarked to us later: “You had to […]
A Long For A Change

A Long For A Change

It’s been so long that I’ve actually suggested a bullish chart, I thought I’d break my own trend and do so: here is one of the very few charts that looks like a good, strong long pattern: Boyd Gaming.
Biggest Short Squeeze In 4 Years Leads To Longest Winning Streak Of 2015

Biggest Short Squeeze In 4 Years Leads To Longest Winning Streak Of 2015

Everything must be awesome, right!!! This 5-day run is even bigger than the ramp off the October 2014 Bullard lows…   This is the biggest 2-day short-squeeze since October 2011 (the last time the market squeezed like this was after the Black Monday plunge… which saw new lows hit)       Volume was abysmal…   […]
Key Chart Shows Silver At Critical Crossroads

Key Chart Shows Silver At Critical Crossroads

Gold and silver markets enter the week with an opportunity to build on last Friday’s strong reversal. The metals had drifted lower through Thursday’s close, but they got a big boost Friday after the Labor Department released disappointing jobs numbers. Even though the official unemployment rate held steady at 5.1%, the number of jobs added […]
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                        Spark Therapeutics Reports Positive Phase 3 Results In Patients With Rare Blindness

E Spark Therapeutics Reports Positive Phase 3 Results In Patients With Rare Blindness

Shares of Spark Therapeutics (ONCE) ended the day up 25% after reporting positive phase 3 results in patients with rare blindness. More specifically these patients have a rare blindness that is caused by the RPE65 gene — also known as inherited retinal dystrophies. The company uses its gene therapy drug known as SPK-RPE65 to restore […]
S&P 500 Snapshot: Rally Day Five

S&P 500 Snapshot: Rally Day Five

Global markets rallied today. The Nikkei and Hang Seng both rose in the vicinity of 1.6% and the Euro STOXX 50 surged 3.31%. US equity indexes followed suit. Our benchmark S&P 500 opened higher and rose fractionally above 1% in the opening 10 minutes. The index then continued to rise throughout the day to its […]
A Compelling Case For General Motors’ 4.5% Dividend Yield

A Compelling Case For General Motors’ 4.5% Dividend Yield

GM has been nothing short of an extremely disappointing business (and investment) for more than a decade. Market share losses, chronically unprofitable operations, ballooning pension and healthcare obligations, safety issues, vehicle recalls, a massive government bailout during the financial crisis, and more have left investors’ skeptical of GM since its relisting in late 2010. More recently, […]
Market Talk October 5th, 2015

Market Talk October 5th, 2015

The market reaction to the US data on Friday has confused many with both stocks and Bonds bouncing into the close. Overnight the Asian equity markets have continued the positive response which has also carried into the European opening but interestingly – only for equities. The reaction in the bond markets is we have seen US 10’s remain just […]
SP 500 And NDX Futures Daily Charts – 3Q Earnings Season Starts This Week

SP 500 And NDX Futures Daily Charts – 3Q Earnings Season Starts This Week

US corporations will begin announcing their 3Q numbers shortly. The economy continues to flounder, so the earnings may obtain additional attention. I am sitting largely in cash after today’s rally. Have a pleasant evening. Click on picture to enlarge Click on picture to enlarge Click on picture to enlarge Click on picture to enlarge   […]
Financial Repression – Governments Boost Their Coffers And Hold Down Interest Rates

Financial Repression – Governments Boost Their Coffers And Hold Down Interest Rates

Treasury Secretary Jacob Lew said the government will run out of money to pay its bills sooner than previously thought around November 5, 2015.  Lacking sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history. Again, another year, to increase […]