Archives by Month:

Archives by Year:

EC
                        
                        Presenting The Slowdown

EC Presenting The Slowdown

Whenever the topic of recession comes up, the mainstream and especially economists (redundant) become quite defensive about the possibility. Just a few days ago, presidential candidate Donald Trump claimed the US was headed for “a very massive recession” and that it was “a terrible time right now.” The Washington Post, as you would expect, was […]
SPX: Because… Reasons!

SPX: Because… Reasons!

As a market manager I stay calm about it and use it to the best of my ability. As a human I get annoyed by it and what it does to the average (present company I assume, excepted) market participant. In a bear market the best rallies last just long enough to get the trend […]
Bulls Buy The Dip

Bulls Buy The Dip

Over the past couple of weeks the rate of buying has slowed. This slowing has become more pronounced as indices pushed into November/December consolidations, but today was a concerted effort to reverse this. The chief disappointment was the lighter volume which accompanied today’s buying for certain indices. The S&P still shows a relative underperformance against […]
Market Squeeze With Stick Save

Market Squeeze With Stick Save

Tuesday’s sell-off wasn’t enough to spook bulls. Even the rather hawkish Fed Minutes didn’t dent bulls’ enthusiasm since it was deemed “old news”. The featured player today was an outsized rally in crude oil as inventories showed an over 4% decline in inventories. That led to a large spike in prices and allowed high market […]
Inventories And Sales: How Bad Are They? Study In Pictures

Inventories And Sales: How Bad Are They? Study In Pictures

In response to GDPNow Rises to 0.3% Following Dismal Retail Sales and Inventory Reports; Fed vs. Fed Update I received a nice email from reader Tibor. Tibor writes “Hey Mish, Just wanted to thank you for being one of the sanest, if not sanest, economic skeptics out there. Most of the pundits on the bear […]
Victory Capital Rolls Out New Emerging Market ETF

Victory Capital Rolls Out New Emerging Market ETF

After a string of issues including turmoil in China and global growth slowdown dragging the emerging markets down, a positive shift in sentiment can be seen lately. This trend is validated by the two most popular ETFs – iShares MSCI Emerging Markets ETF (EEM) and Vanguard FTSE Emerging Markets ETF (VWO) – climbing over 11% […]
Stocks Soar On Oil Ignition, Biotech Bonanza

Stocks Soar On Oil Ignition, Biotech Bonanza

In what was shaping up to be a low-volume snoozer of a day, things changed dramatically at 10:30am when the DOE confirmed last night’s API data according to which US crude inventories had their biggest weekly decline since January even as distillates and gasoline stocks rose. That headline sent WTI soaring by 5.4%, the most […]
Market Talk – April 6, 2016

Market Talk – April 6, 2016

It really felt like a day of two-halves today after a lack-lustre Asian session and a weak European morning. The Nikkei was again a talking point (or at least the JPY was) but Shanghai too saw a bit of volatility as we flirted toward the 3k level early afternoon only to recover by the close. […]
The Safety Net: A 17% Yield That Shouldn’t Cause Panic

The Safety Net: A 17% Yield That Shouldn’t Cause Panic

Is there any way that a 17% yield could be safe? That’s what we’re going to figure out as we look at Williams Partners (NYSE: WPZ), a beaten-up MLP whose stock has fallen hard as a result of plunging oil and gas prices. Williams Partners operates pipelines in the United States’ most gas-rich areas, including the Eagle […]
Alder BioPharmaceuticals Announces Commencement Of Public Offering Of Common Stock

Alder BioPharmaceuticals Announces Commencement Of Public Offering Of Common Stock

BOTHELL, Wash., April 06, 2016 (GLOBE NEWSWIRE) — Alder BioPharmaceuticals, Inc. (NASDAQ:ALDR) , a clinical-stage biopharmaceutical company, announced today that it intends to offer and sell, subject to market and other conditions, $100 million of its common stock in an underwritten public offering.  In connection with this offering, Alder expects to grant the underwriters a […]