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Morning Call For Tuesday, January 16

Morning Call For Tuesday, January 16

OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 +0.39%) are up +0.41% at a fresh record nearest-futures high as growth optimism fuels gains in global equity markets. Gains in technology stocks are leading the overall market higher as quarterly earnings season ramps up this week. European stocks are up +0.59% at a 2-1/4 month high, German […]
Growth Stock Rally Continues To Overshadow Value Investing

Growth Stock Rally Continues To Overshadow Value Investing

The exuberance in the US stock market of late may or may not be irrational, but the party atmosphere in the value corner of equities (companies that are inexpensively priced) is subdued vs. the celebratory surge for growth shares (firms expected to grow at above market rates). Although both measures of US companies in the […]
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                        A Look At The Current Cryptocurrency Market Setback

E A Look At The Current Cryptocurrency Market Setback

The cryptocurrency market suffered a major setback last night. In just a 24 hour window, CoinMarketCap.com data tells that the industry’s total valuation shrunk from over $700 billion to under $550 billion. Of the top 100 coins as ranked by market cap, astonishingly all of them regressed during this time, save for just Tether (USDT), a currency […]
Stronger Growth, Productivity Are About To Take Off

Stronger Growth, Productivity Are About To Take Off

The Trump economy is off to a strong start. Since the spring, growth in gross domestic product has averaged about 3% – much stronger than either during the Bush or Obama presidencies. This winter, consumers are likely to pull back again to pay off credit-card balances accumulated during the holiday shopping season. After that, confidence […]
Bitcoin – Could Test 6,000 Level If This Support Breaks

Bitcoin – Could Test 6,000 Level If This Support Breaks

The chart below looks at Bitcoin on two different time frames. The chart of the left looks at Bitcoin over the past 5-years, reflecting that it remains inside of bullish rising channel (1), as the trend remains higher. It hit the top of this rising channel a couple of months ago at (2), where it […]
Large Cap Biopharmaceuticals: Performance And Metric Update

Large Cap Biopharmaceuticals: Performance And Metric Update

Large Cap Biopharmaceuticals 2018 Performance after J.P.Morgan Healthcare Conference  Here is an update of Large Cap Biopharmaceuticals Performance over the past 12 months. These numbers will be updated after all 2017 financials have been reported. Note that the IBB is a good pick for Large Cap Biopharma up ~20% YoY. Only ABBV (a Rayno pick) beat […]
What Makes Amazon, Apple, Facebook And Google So Special

What Makes Amazon, Apple, Facebook And Google So Special

Few would argue that the four most successful companies of modern times – at least from an American perspective – are Amazon.com (AMZN), Apple (AAPL), Facebook (FB), and Alphabet (GOOG) – better known as Google. All four have market capitalizations of above $500 billion dollars, making them 4 of the top 5 largest publicly traded corporations in the world (Microsoft […]
Bitcoin, Cryptocurrencies Collapse On China, South Korea Jitters: ‘They Should Be Prepared To Lose All Their Money’

Bitcoin, Cryptocurrencies Collapse On China, South Korea Jitters: ‘They Should Be Prepared To Lose All Their Money’

Well, it’s falling apart for Bitcoin and cryptocurrencies again. The entire complex is taking it on the chin with Bitcoin falling below $11,000 at one point according to at least one exchange’s pricing. Ripple is a complete disaster: Although South Korea has backed off a bit on a crackdown that has rattled sentiment in the new year, […]
Something Strange In A Strange Credit Indicator

Something Strange In A Strange Credit Indicator

As I was going through and updating the various indicators that I monitor something in the credit space surprised me. The NACM CMI (think of this as the credit manager’s version of the ISM PMI), saw a major drop in a number of its key sub-indexes in the December report. The chart comes from a wider discussion […]
Sensex Ends Day In Red; Realty Stocks Top Losers

Sensex Ends Day In Red; Realty Stocks Top Losers

After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day on a dull note. Losses were seen across most sectors with stocks in the metals sector and stocks in the realty sector, leading the losses. While stocks in the IT sector gained the most. At the closing bell, the BSE Sensex stood lower […]