Archives by Month:

Archives by Year:

Corvus Pharmaceuticals Announces Pricing Of Public Offering Of Common Stock

Corvus Pharmaceuticals Announces Pricing Of Public Offering Of Common Stock

BURLINGAME, Calif., March 08, 2018 (GLOBE NEWSWIRE) — Corvus Pharmaceuticals, Inc. (Nasdaq:CRVS), a clinical-stage biopharmaceutical company focused on the development and commercialization of small molecule and antibody agents that precisely target crucial enzymes and proteins in the immune system to treat patients with cancer, today announced the pricing of an underwritten public offering of 7,058,824 […]
HKMA Urges “Stay Calm” As Hong Kong Dollar Plunges To 30 Year Lows

HKMA Urges “Stay Calm” As Hong Kong Dollar Plunges To 30 Year Lows

On the same day as Hong Kong Monetary Authority (HKMA) Chief Norman Chan urged citizens to “stay calm on the currency weakening,” the Hong Kong Dollar has plunged to its weakest in 33 years amid liquidity concerns and a global carry trade gone rogue. The Hong Kong Dollar has been in free-fall for the last […]
What Tariffs Would Really Mean

What Tariffs Would Really Mean

Every day, you plunk out cash to support your neighbors. And they support you. That’s how economies work. I buy from my local store, which employs people, and I use local services. Even when I buy from Amazon, the stuff has to get here somehow. We also pay taxes, much of which goes to services that employ […]
With Trade Deficits Soaring: Who Will Buy US Treasuries?

With Trade Deficits Soaring: Who Will Buy US Treasuries?

“Will there be a mismatch between what the U.S. wants to sell (Treasuries) and what the world wants to buy?” Brad Setser asks the above question in his “Follow the Money” post How Will the U.S. Fund its Twin Deficits? In the past few years, the U.S. Treasury has needed to, on net, raise about three […]
3 Amigos Of The Macro, Updated

3 Amigos Of The Macro, Updated

You thought I was done with the Amigos shtick, did you? Not by a long shot ma’am. They are the happy-go-lucky riders in play as the stock bull market churns on. They are the rising SPX/Gold ratio and stocks in general vs. gold (Amigo #1), rising US 10yr & 30yr yields (Amigo #2) and the […]
BTC/USD Technical Outlook: Bitcoin Prices Vulnerable To Deeper Losses

BTC/USD Technical Outlook: Bitcoin Prices Vulnerable To Deeper Losses

Bitcoin prices failed to break through the February highs with the breakdown now risking a deeper correction in the cryptocurrency. It’s important to note that the entire decline off the 2017 highs remains within the confines of the broader uptrend and although prices remain vulnerable for further losses near-term, the sell-off should ultimately offer more […]
Winners And Losers From Global Trade

Winners And Losers From Global Trade

In a grand effort to change the subject of the political discussion from Russia to something else, President Trump fired the opening shots in a new trade war. Not content to destroy the solar industry by adding costs without adding supply to solar panels, or making South Korean washing machines more expensive without making American […]
Track Sector Rotation For Better Returns

Track Sector Rotation For Better Returns

There are several decisions that must be made prior to entering a trade or investment. One must first decide what to invest in. Then the choice of when to invest comes and finally where to exactly enter. Most people decide what to invest in due to a recommendation from a broker, a friend, or even […]
Tesla Shares Slides After Sudden Departure Of Accounting Chief

Tesla Shares Slides After Sudden Departure Of Accounting Chief

It appears Elon Musk and his company’s management dug deep in their emotional baggage to write the press release explaining the sudden departure of their chief accounting officer… On March 7, 2018, Eric Branderiz left Tesla for personal reasons. Tesla appreciates Eric’s service to the company. And for now shareholders appear a little nervous…
Global Blood Therapeutics Announces Proposed Public Offering Of Common Stock

Global Blood Therapeutics Announces Proposed Public Offering Of Common Stock

SOUTH SAN FRANCISCO, Calif., March 08, 2018 (GLOBE NEWSWIRE) — Global Blood Therapeutics, Inc. (GBT) (Nasdaq:GBT), a clinical-stage biopharmaceutical company dedicated to discovering, developing and commercializing novel therapeutics to treat grievous blood-based disorders with significant unmet need, today announced a registered offering of 3,500,000 shares of its common stock.The offering is expected to close on or […]