Mallinckrodt: Is The Generics Sale In Trouble?
In March 2017 Mallinckrodt (MNK) announced it was exploring the sale of its generics business in a deal that could have fetched values as high as $2 billion: Mallinckrodt Plc (MNK.N) is exploring a sale of its generic drug unit, in a deal that could fetch as much as $2 billion and help pivot the […]
Bi-Weekly Economic Review: Markets At Extremes
Economic Reports Production Production ended the year on a strong note but early readings from January are not as positive. The December industrial production report headline was strong at a 0.9% gain but a lot of that strength was in the mining (oil drilling) and utility sectors. Mining has actually led the way the last […]
What Do Quincy Jones, Serena Williams And Blockchain Have In Common?
Two big themes last week at Inside ETFs, the Comic-Con of exchange-traded funds attended by more than 2,300 advisors and investors, were innovation and disruption. Like all other industries, the investing world has seen its fair share of disruption in the past quarter-century—think indexing, passive investing, the rise of robo-allocation and now blockchain and cryptocurrencies. […]
Earnings Deluge
We’re already a couple of weeks into earnings season, but if you think it’s been busy so far, you haven’t seen anything yet. Using our Earnings Report Calendar, we screened the S&P 500 for companies scheduled to report earnings by date. With just over 1% of companies in the S&P 500 scheduled to report earnings today, […]
E Moving Averages In Extended Market Climates – Part Three
<< Read More Moving Averages In Extended Market Climates Part Two – The Countdown Clock << Read More: Moving Averages In Extended Market Climates For starters lets pick up with the chart we left off with the other day. In the chart above we walked thru what I call the countdown clock when it came to moving averages […]
Upbeat 4Q Euro-Zone GDP Report To Curb EUR/USD Weakness
USD/CAD may face range-bound conditions going into the end of the month as market attention turns to the Federal Open Market Committee (FOMC) interest rate decision on January 31. The fresh remarks from FOMC may sway the near-term outlook for USD/CAD as the committee appears to be on track to further normalize monetary policy over the […]
Metals Brief 2018 – Monday, Jan. 29
Predicting the likely path of the prices of the metals in the near term is easy. Just look at the fundamentals. We have invested many man-years in developing the theory, model, and software to calculate it. Every week we publish charts and our calculated fundamental prices. However, predicting the outlook for a longer period of […]
Dallas Fed Manufacturing Outlook: Business Index Highest In 12 Years
This morning the Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for January. The latest general business activity index came in at 33.4, up from 29.7 in December. Here is an excerpt from the latest report: Texas factory activity continued to expand in January, according to business executives responding to the Texas Manufacturing Outlook Survey. The production […]
Japanese Yen: Bank Of Japan Versus Interest Rates
Japan has suffered from weak growth and inflation since the global financial crisis, and the Bank of Japan has frequently experimented with unorthodox monetary policies. In September 2016, the BoJ decided to directly target long-term interest rates. The so-called “yield curve control” (YCC) program fixed 10-year Japanese government bond (JGB) yields at 0%. If yields […]
