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Oil & Gas Industry Outlook – March 2018

Oil & Gas Industry Outlook – March 2018

Posting its second annual gain in a row, oil prices closed 2017 up more than 12%. Keeping up the momentum, the commodity got off to a strong start this year with the West Texas Intermediate (WTI) crude futures climbing 7.1% in January. Though the benchmark tumbled 4.8% in February in the wake of a broad […]
Forex Weekly Outlook – Mar. 12-16

Forex Weekly Outlook – Mar. 12-16

The US dollar had a mixed week amid hopes for peace in the Korean peninsula, fears of trade wars and also a mixed jobs report. What’s next? Markets will be digesting the latest news from a busy week before focusing on US inflation. Here are the highlights for the upcoming week. The US Non-Farm Payrolls […]
Week In Review: China Pharma Deals Top $1.5 Billion For Week

Week In Review: China Pharma Deals Top $1.5 Billion For Week

Tianjin Tasly Pharma (SHA: 600535) is in talks to IPO its biopharma division in Hong Kong later this year with the goal of raising $1 billion (see story). If it happens, the IPO will probably be Hong Kong’s largest biopharma IPO this year. Tasly, known for its TCM offerings, has been actively using M&A to expand into biologics. It […]
Global Stock Pare Losses After Robust US Jobs Data

Global Stock Pare Losses After Robust US Jobs Data

Global financial markets slumped this week after the US imposed steel and aluminium tariffs on exports. However, markets worldwide pared the losses on Friday amid robust US jobs data. Data from the U.S. Labor Department revealed that the nation had added 313,000 jobs last month, surpassing analyst expectations of 200,000. Construction was the biggest sector gainer, […]
Not Even The Pentagon Thinks Tariffs Are Needed For National Defense

Not Even The Pentagon Thinks Tariffs Are Needed For National Defense

When politicians run out of good arguments, their last refuge is often the claim that what they want is “necessary for national defense.”  Given that there are no economic arguments in favor of tariffs, it makes sense that the administration has resorted to the political “national defense” argument instead.  So, even if the Trump administration were forced to admit that, yes, […]
Regeneron, Sanofi Say Odyssey Outcomes Trial Met Primary Endpoint

Regeneron, Sanofi Say Odyssey Outcomes Trial Met Primary Endpoint

Regeneron Pharmaceuticals (REGN) and Sanofi (SNY) announced that the Odyssey Outcomes trial met its primary endpoint, showing Praluent Injection “significantly reduced” the risk of major adverse cardiovascular events in patients who had suffered a recent acute coronary syndrome event, such as a heart attack. Results from the trial will be presented today during a late-breaker […]
The 2018 Bear Market Is Over…For Now

The 2018 Bear Market Is Over…For Now

As I noted last Tuesday: “Turning points in the market, if this is one, are extremely difficult to navigate. They are also the juncture where the most investing mistakes are made.  Over the last several weeks, I have been providing constant prodding to clean up portfolios and reduce risks. I also provided guidelines for that process –  click here. For […]
Passive Investors Don’t Need No Stinkin’ Votes

Passive Investors Don’t Need No Stinkin’ Votes

People are still losing their minds over “passive investing”. Here’s the CEO of a high fee fund management company complaining: “Passive investors don’t engage the market with finely tuned attention to each company. They don’t help allocate capital specifically to well-run companies with competitive advantages and long-term growth prospects. Nor do they invest in discovering price disconnects […]
Gold Prices Struggle To Maintain March Gains- US CPI On Tap

Gold Prices Struggle To Maintain March Gains- US CPI On Tap

Fundamental Forecast for Gold: Bullish Gold defends monthly open support post-NFP; near-term outlook constructive Gold prices are poised to close the week fractionally high with the precious metal trading at 1323 ahead of the New York close on Friday. It’s been a volatile week for bullion but the precious metal continues to hold a well-defined range […]
This Might Not Be What You Think It Is

This Might Not Be What You Think It Is