Of Bandhan Bank’s IPO, GST Updates, And Top Cues In Focus Today
Share markets in India closed on a positive note yesterday. Barring metal stocks, healthcare stocks & FMCG stocks, all sectoral indices ended the day in green with capital goods stocks, realty stocks and bank stocks leading the gainers. At the closing bell yesterday, the BSE Sensex finished higher by 318 points. While, the NSE Nifty […]
Whistling Past The Graveyard
That was quick. The trade war scare was over by noon yesterday, and by the market close they were singing “Gary Cohn, we hardly knew ya”. Folks, what more evidence do you need that the financial markets are completely uncoupled from reality and that these feeble bounces between the 50-day and 20-day chart points are essentially the rigor mortis of […]
Conventional Portfolios Have Never Faced Greater Loss Prospects
The mainstream response to falling interest rates over the past decade has been to increase stock weightings in the hopes that capital gains and dividends will support more income than guaranteed deposits can provide. But at the most extreme security valuation levels in history, this approach is designed to be financially devastating, especially to those […]
EIA Data Cannot Spark Natural Gas Volatility
Natural gas prices settled down three-quarters of a percent today, again not seeing all that large of a trading range but trading outside the even tighter range of yesterday. The result was another tick lower in the average prompt month daily trading range, which sits below 5 cents for the first time in at least […]
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
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
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?
“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
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
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 […]
