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Archives by Year:
Sensex Closes 162 Point Lower; Bank & Metal Stocks Fall
Indian share markets finished the trading session in red for a second consecutive day. The sentiments remained negative following losses in global equity markets after hawkish comments from US Federal Reserve chair Jerome Powell, raising prospects of more rate hikes. Market watchers were also cautious ahead of GDP data due to be released after 5.30pm. At […]
SunTrust Downgrades Celgene On Refusal To File Letter For Ozanimod
SunTrust analyst Yatin Suneja downgraded Celgene (CELG) to Hold from Buy after the company received a refusal to file letter from the FDA on ozanimod for relapsing forms of multiple sclerosis. The analyst cut his price target for the shares to $106 from $139. Celgene in premarket trading is down 6%, or $5.79, to […]
Consumers In Surprising Places Are Borrowing Like Crazy
The Money Bubble is inflating at different speeds in different places. But apparently no culture is immune: Household Debt Sees Quiet Boom Across the Globe (Wall Street Journal) – A decade after the global financial crisis, household debts are considered by many to be a problem of the past after having come down in the U.S., U.K. […]
EIA Sees Possibility Of Peak Tight Oil By 2022
The latest Annual Energy Outlook from the Energy Information Administration suggests the possibility that U.S. oil production will stop growing in three to four years. Between 2010 and 2015, annual oil production in the U.S. grew by four million barrels per day (BPD). Production dipped in 2016, but then U.S. crude oil production again rose […]
USD/CAD Daily Analysis – Wednesday, February 28
USD/CAD broke above 1.2757 resistance, suggesting that the upside movement from 1.2450 has resumed. Further rise could be expected and next target would be at 1.2850 area. Key support is now at 1.2614, only a breakdown below this level could bring price back to 1.2500 area.
These 5 VIP Hedge Fund Stocks Are Beating The Market
Hedge fund trades have just been revealed for the last quarter, with the release of 13F forms filed with the SEC. Based on the latest trades of top hedge funds, Goldman Sachs has compiled a list of 50 “Hedge Fund VIP Stocks”. These are the stocks that appear most often in the top 10 holdings […]
China PMI And Copper
With the end of February, China puts itself in the spotlight with the first major PMI results of all the major economies, and major economy is the key word as China’s influence across global markets only grows by the year. The February manufacturing PMI came in at 50.3 (51.2 expected, 51.3 previous), and the Non-manufacturing […]
Gold Prices Brace For Second Day Of Powell Testimony, US GDP Data
Gold price fell as hawkish testimony from Federal Reserve Chair Jerome Powell stoked rate speculation. That sent the US Dollar higher alongside benchmark US 10-year Treasury bond yields (as expected), undermining the appeal of paper money alternatives and non-interest-bearing assets epitomized by the yellow metal. Crude oil prices followed suit. Fears of a rapid rise in borrowing costs weighed on risk appetite, […]
Oil Price Causes Spikes And Crashes In Inflation
Big moves in oil price have a big impact on inflation Correlation of 54%, hence, if oil price increases inflation increases and vice versa This chart also highlights how sensitive CPI as a measure of inflation is too big price changes in oil
Durable And Capital Goods, Distortions Big And Small
New orders for durable goods, excluding transportation industries, rose 9.1% year-over-year (NSA) in January 2018. Shipments of the same were up 8.8%. These rates are in line with the acceleration that began in October 2017 coincident to the aftermath of hurricanes Harvey and Irma. In that way, they are somewhat misleading. The seasonally-adjusted data gives […]
