“Could’ve Been Worse”-Weekend Sparks Buying-Panic Sending Stocks To Record Highs
The last month has seen “Fire & Fury” threats, Gary Cohn resignation concerns, North Korean missiles over Japan, Hurricane Harvey, North Korean Hydrogen Bomb tests, and now Hurricane Irma… and stocks are higher… Video length: 00:00:04 All the worries are gone for stocks… But bullion and bonds remain the biggest gainers since Trump’s “Fire & Fury” […]
Hewlett Packard Enterprise Company Announces Offering Of Senior Notes
PALO ALTO, Calif., Sept. 11, 2017 (GLOBE NEWSWIRE) — Hewlett Packard Enterprise Company (“Hewlett Packard Enterprise”) (NYSE:HPE) today announced the offering of senior notes (the “Notes”). The Notes will be senior unsecured obligations of Hewlett Packard Enterprise and will rank equally in right of payment with all of Hewlett Packard Enterprise’s existing and future senior […]
Book Review: Get Rich With Options
I recently had the opportunity to pick up a copy of Lee Lowell’s 2009 book Get Rich With Options: Four Winning Strategies Straight from the Exchange Floor. Lee wrote an excellent primer on options trading, but the publisher probably should have put a little more thought into the title. Get Rich With Options has very little to do […]
Not Just Irma But Seasonal Weakness Pulled Natural Gas Lower
Shortly after testing resistance around the $3.08 level a couple weeks ago to open up September natural gas prices declined rather dramatically, with heavy selling coming initially after the holiday weekend and then heavier selling coming into last Friday as Irma approached Florida. Prices settled last week down at $2.89 support, logging one of the […]
Regeneron/Sanofi’s Dupixent Asthma Study Meets Endpoints
Regeneron Pharmaceuticals, Inc. (REGN – Free Report) and partner Sanofi (SNY – Free Report) announced that Dupixent (dupilumab) met its two primary endpoints in a phase III study conducted on patients with uncontrolled, persistent asthma. Data from the LIBERTY ASTHMA QUEST study showed that Dupixent, when added to standard therapies, reduced severe asthma attacks and improved lung function. Shares of […]
Dollar Index Bounces From 33-Month Low, Risk In Vogue As JPY Sells Off
What a day for risk. USD/JPY rallied aggressively after trading at a 2017 low on Friday and the S&P 500 rose the most since April to close at all-time highs. Other risk-off markets like Gold gapped lower on the open and the US Treasury 10-year yield also bounced showing investors wanted risk over a fixed return. Things look good, at least […]
AUD: How High Can The Currency Down Under Go?
The Australian dollar reached new highs and seems more confident above 0.80. Where next? Is the bull trend in tact? Here is their view, courtesy of eFXnews: AUD/USD: Allow For S/T Selling Before Resuming Of Core Bull Trend: Levels & Targets – Credit Suisse Credit Suisse FX Technical Strategy Research notes that AUD/USD has held […]
P&G Moves Higher Amid Back And Forth Between Company And Activist Peltz
Shares of consumer goods giant Procter & Gamble (PG) are up after Nelson Peltz and his Trian Fund spoke earlier at an investor conference to discuss the white paper that Trian released last week. TRIAN’S WHITE PAPER: On September 6, activist investor Trian, which has significant investments in General Electric Company (GE), Mondelez (MDLZ), BNY […]
Breadth Lagging New Highs
Below is a chart of the S&P 500-tracking SPY ETF from our Interactive Chart Tool platform (use it for free at any time here). If current prices hold, the S&P will make a new all-time closing high today…eclipsing highs last made in early August. We’ve been covering underlying market breadth quite a bit over the last few […]
