It was ECB President Draghi’s speech in the central bank conference in Portugal on June 27 that began the current market phase. He seemed to acknowledge the obvious, which that ECB officials may be as surprised as any one with the market’s dramatic response to the assessment reflationary forces are at play. The day before Draghi […]

Biotech and healthcare stocks resumed their rally today after attempts to roll back access to patients through Medicaid cuts failed yet again. An ACA repeal looks unlikely because as many as 32 million people would lose health insurance by 2026. Hospitals in rural areas and insurance companies would also be hard hit by Medicaid cuts […]

We brought breaking news last week when we wrote that emerging markets could be starting a new secular bull market. As said, a break above 43 points in EEM ETF would be strongly bullish, and our expectation is that this even will drive inflow of capital by smart investors who typically identify new trends in their early stage. […]

The Alcoa 2Q 2017 earnings and T-Mobile US 2Q 2017 earnings reports were released after closing bell tonight. Alcoa posted adjusted earnings of 62 cents per share on $2.9 billion in revenue, against the consensus estimates of 60 cents per share and $2.85 billion in revenue. The aluminum maker reported $2.3 billion in revenue and […]

Bank Of Japan Is In Trouble The unwind potential of the central banks’ assets that is about to hit the market is remarkable in its scope; the fact that it’s all happening at once only adds to the drama. There could be currency implications if the ECB decided to increase its bond buying while the […]