Yellen Sings A Dovish Song With Brainard
Janet Yellen’s testimony before the House committee was what drove markets on Wednesday. The key takeaway from the testimony was that she was moderately more dovish than she was previously. This dovishness led to a rally in stocks and bonds. The S&P 500 rallied 0.73%, the Russell 2000 increased 0.80%, and the VIX fell 5.42% to […]
SeaSpine – Chart Of The Day
The Chart of the Day belongs to SeaSpine Holdings (SPNE). I found the medical technology stock by using Barchart to sort today’s Top Stocks to Own list first by the most frequent number of new highs in the last month, then again by technical buy signals of 80% or more. Since the Trend Spotter signaled a buy in 5/9 the stock […]
Warnings Of A Frothy Market Rise Along With U.S. Stocks
U.S. stocks were on track for a new record on Thursday as Fed Chair Janet Yellen’s testimony made bulls feel even bolder than they have for most of this year. The strong gains are even more timely, given one economist’s warning that developed countries may be in or nearing frothy market territory. He highlighted the symptoms of froth he […]
Speculators Sour On Gold And Silver, Which Means The Bottom Is Near
The stars — in the form of smart and dumb money futures contract positions — have once again lined up favorably for precious metals. Here are those positions for gold and silver as of Tuesday the 4th. Notice that speculators (the dumb money) got a lot less optimistic — that is, less long and more […]
Treasury Turmoil Returns As Fed-Flip-Flop Sends Stocks To Record Highs, VIX Below 10
Yellen’s speaking again… give it all you’ve got!! Stocks stalled early on (around 1010ET) thanks to inflation comments from Yellen, but that dip was bid back to the highs… then they took a little spill when Fed’s Brainard admitted “asset valuations do look a bit stretched” around 1400ET. Once again the rally-monkeys came out – […]
The Ghost Recovery
To the naked eye, it represents progress. China has still an enormous rural population doing subsistence level farming. As the nation grows economically, such a way of life is an inherent drag, an anchor on aggregate efficiency Chinese officials would rather not put up with. Moving a quarter of a billion people into cities in […]
5 Drug Stocks Well Poised To Beat Q2 Earnings Estimates
The pharma/biotech sector has picked up this year after being battered by the drug pricing controversy in 2016. The first half has been pretty strong for companies in the space. The NYSE ARCA Pharmaceutical Index has risen almost 9.8% year to date (YTD) after declining almost 10% last year. NASDAQ Biotechnology Index is up 17.7% […]
Top Of The Range
“I think it all comes down to motivation. If you really want to do something, you will work hard for it.” – Edmund Hillary Some better action today in the bio, pharma and tech sector but action should remain subdued until earnings kick off in a couple weeks. Patience pays. That said, I do have […]
US July Wheat & S/D Updates
Wheat supplies were slightly higher, but Weather now rules Market Analysis This month’s US supply/demand revisions generally followed the indications from June 30th quarterly stocks changes. Old-crop corn and wheat ending stocks were increased while old-crop soybean ending stocks were lowered. However, the USDA didn’t cut its spring wheat crop size as small as the […]
