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Nearly All The Major Asset Classes Lost Ground Last Week

Nearly All The Major Asset Classes Lost Ground Last Week

US investment-grade bonds were the exception, courtesy of a flat performance. Otherwise, the rest of the major asset classes fell last week during a wave of selling, based on a set of exchange-traded products. The outlier: Vanguard Total Bond Market (BND), which was essentially flat by the close of trading for the week through Nov. 23. The […]
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                        Cyber Punks

E Cyber Punks

This is the most unproductive day for work ever. Computing power at work is used for booking trips, grabbing on-line discounts and digesting a raft of holiday-related emails. Trolling the internet for deals is perhaps a good way to think about how markets are reacting to the news headlines today – they are ignoring the […]
Sentiment Improves – Upward Reversal Or Just Another Bounce?

Sentiment Improves – Upward Reversal Or Just Another Bounce?

The U.S. stock market indexes lost 0.5-0.7% on Friday, as investors’ sentiment remained bearish following the recent declines. The S&P 500 index fell slightly below its Tuesday’s local low. It got closer to the late October low of 2,603.54. The index is currently trading 10.6% below September the 21st record high of 2,940.91. The Dow Jones Industrial […]
Greenback Is Softer But The Market May Be Getting Ahead Of Itself

Greenback Is Softer But The Market May Be Getting Ahead Of Itself

Overview: Global equities paid no mind to the losses seen in the US before the weekend. After falling for three weeks, Asian equities rallied, led by a recovery in technology. The Hang Seng set the pace with a 1.7% gain, but Taiwan, Korea, and Singapore markets were up over 1%. The two exceptions were Chinese mainland […]
Morning Call For Monday, Nov. 26

Morning Call For Monday, Nov. 26

Overnight Markets And News Dec E-mini S&Ps (ESZ18 +1.14%) this morning are up +1.13% and European stocks are up +1.15% as political risks in Italy subsided. The yield on Italy’s 10-year government bond tumbled to a 1-3/4 month low of 3.162% after Italy’s populist government said it is studying scenarios for a lower 2019 budget deficit […]
Novavax Upgraded To Overweight From Neutral At Piper Jaffray

Novavax Upgraded To Overweight From Neutral At Piper Jaffray

Piper Jaffray analyst Edward Tenthoff upgraded Novavax (NVAX) to Overweight from Neutral and doubled his price target for the shares to $4 from $2. The stock closed Friday up 1c to $1.72. Novavax completed enrollment of 4,636 pregnant women in the Phase III Prepare trial of ResVax with top-line data expected in Q1 of 2019, […]
EUR/USD Rises With Italian Hopes, But Has It Gone Too Far?

EUR/USD Rises With Italian Hopes, But Has It Gone Too Far?

EUR/USD is recovering in range on some willingness to compromise from Italy.  There are quite a few other concerns. The technical picture remains mostly bearish. EUR/USD is trading above 1.1350, recovering from the lows in the wake of the last week of November. The central driver is Italy’s willingness to compromise on the budget deficit. Deputy […]
XRP Is Winning Social

XRP Is Winning Social

Wanted to say thanks to everyone who participated in the poll we did over the weekend. It seems the results are pretty clear. This is actually well in line with what I was expecting. I’ve been saying for several weeks now that XRP is winning at social media. Within moments of posting the poll, a slew of responses came in from XRP […]
Italian Yields Tumble, Bank Stocks Soar As Populists Blink In Showdown With EU

Italian Yields Tumble, Bank Stocks Soar As Populists Blink In Showdown With EU

That didn’t take long. Two days after boldly threatening to take down Italy’s populist-led government should lawmakers try to change the 2.4% projected budget deficit that has locked Italy into a geopolitical staring contest with the European Commission, Deputy Prime Minister Matteo Salvini has become the first to blink. Salvini, the deputy minister who is effectively in […]
Sensex Ends 373 Points Up; FMCG & Bank Stocks Outperform

Sensex Ends 373 Points Up; FMCG & Bank Stocks Outperform

Indian share markets gained momentum in the final hour of trading to end the day on a strong note. At the closing bell, BSE Sensex ended up by 373 points, while, NSE Nifty ended up by 102 points. Sectoral indices ended on a mixed note with healthcare stocks, and metal stocks witnessing maximum selling pressure. While, FMCG stocks and bank stocks ended in green. Globally, Asian stock markets finished […]