Category Archive: Finance, No picture
SPX Makes A New All-time High
VIX completed a 78.6% retracement from its August 15 high, a normal retracement for the VIX. The probe above critical support at 13.10 triggered a probable buy signal in the VIX. The Cycles Model shows a likely surge strength for the VIX through late August and mid-October. (Bloomberg) Financial markets are god-like in their ability […]
Economic Data And Forecasts For The Weeks Of August 27 And September 3
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of August 27 August 27 Chicago Fed National Activity Index – July 0.35 0.43 0.38 Dallas Fed Manufacturing Index 28.0 32.3 28.0 […]
China’s Tech Stocks Mired In Trade & Other Woes: What Next?
On Aug 23, Alibaba Group Holding Limited BABA reported lower-than-expected earnings. This resulted in shares of U.S.-listed Chinese tech companies plummeting on Thursday. Chinese tech companies have been suffering since the beginning of the year, having lost billions of dollars in market value. Investors’ concerns over a slowdown in Chinese economy, has been taking a toll on […]
Saudi Shelves IPO With Oil Above $75, Dallas Fed Sees Upside Shock Risk
Fundamental Forecast for : Neutral FUNDAMENTAL CRUDE OIL TALKING POINTS: The ONE Thing: Supply risk has jumped back into the picture. After multiple weeks of weakness, there is a clear risk arising that supply on a wide scale could be short of demand as Iran sanctions will limit their exports to the world stage. A weaker US […]
Dollar’s Correction May Have More Room To Run
As the US dollar appeared to break higher, we noted that it was overextended. Against most of the major currencies, it was beyond its Bollinger Bands, set at two standard deviations around the 20-day moving average. The correction that began mid-August does not appear over, implying a heavier technical bias for the dollar in the days ahead. […]
Flattening Yield Curve In One Picture
The flattening yield curve is a topic of much discussion. The lead chart shows various spreads it in one picture. Spread Values Spread Values in Basis Points 10-7 Spread: 04 Basis Points 10-5 Spread: 10 Basis Points 10-2 Spread: 21 Basis Points 05-2 Spread: 11 Basis Points This cannot possibly mean what is used […]
Week In Review: Three More China Biopharmas Planning Hong Kong IPOs
Mabpharm Limited, a Taizhou biotech, will IPO in Hong Kong, the eleventh pre-revenue China biopharma to be approved to list there (see story). Mabpharm is developing a portfolio of nine biosimilars, which it hopes will prove to be biobetters. Three of the candidates are in Phase III trials. They were initially discovered by Sinomab, which spun out Mabpharm to […]
As The Credit Cycle Turns
A rising stock market has the illusory effect of masking the economy’s warts and blemishes. Who cares if incomes are stagnant when everyone’s getting rich off stocks? Certainly, winning wealth via the stock market beats working for it. Without question, the pleasure that comes when opening an inflated quarterly brokerage statement is much more satisfying […]
E BP: Price Weakness Leads To A High 5.5% Dividend Yield
BP (BP) stock has declined slightly over the last 3 months while the S&P 500 as a whole as gained 5.6%. As a result, the stock appears attractively valued and is now offering a 5.5% dividend yield. BP is headquartered in the United Kingdom, making it an international stock. If it were a US based […]
