Biggest Short Squeeze In 4 Years Leads To Longest Winning Streak Of 2015
Everything must be awesome, right!!! This 5-day run is even bigger than the ramp off the October 2014 Bullard lows… This is the biggest 2-day short-squeeze since October 2011 (the last time the market squeezed like this was after the Black Monday plunge… which saw new lows hit) Volume was abysmal… […]
Key Chart Shows Silver At Critical Crossroads
Gold and silver markets enter the week with an opportunity to build on last Friday’s strong reversal. The metals had drifted lower through Thursday’s close, but they got a big boost Friday after the Labor Department released disappointing jobs numbers. Even though the official unemployment rate held steady at 5.1%, the number of jobs added […]
E Spark Therapeutics Reports Positive Phase 3 Results In Patients With Rare Blindness
Shares of Spark Therapeutics (ONCE) ended the day up 25% after reporting positive phase 3 results in patients with rare blindness. More specifically these patients have a rare blindness that is caused by the RPE65 gene — also known as inherited retinal dystrophies. The company uses its gene therapy drug known as SPK-RPE65 to restore […]
S&P 500 Snapshot: Rally Day Five
Global markets rallied today. The Nikkei and Hang Seng both rose in the vicinity of 1.6% and the Euro STOXX 50 surged 3.31%. US equity indexes followed suit. Our benchmark S&P 500 opened higher and rose fractionally above 1% in the opening 10 minutes. The index then continued to rise throughout the day to its […]
A Compelling Case For General Motors’ 4.5% Dividend Yield
GM has been nothing short of an extremely disappointing business (and investment) for more than a decade. Market share losses, chronically unprofitable operations, ballooning pension and healthcare obligations, safety issues, vehicle recalls, a massive government bailout during the financial crisis, and more have left investors’ skeptical of GM since its relisting in late 2010. More recently, […]
Market Talk October 5th, 2015
The market reaction to the US data on Friday has confused many with both stocks and Bonds bouncing into the close. Overnight the Asian equity markets have continued the positive response which has also carried into the European opening but interestingly – only for equities. The reaction in the bond markets is we have seen US 10’s remain just […]
SP 500 And NDX Futures Daily Charts – 3Q Earnings Season Starts This Week
US corporations will begin announcing their 3Q numbers shortly. The economy continues to flounder, so the earnings may obtain additional attention. I am sitting largely in cash after today’s rally. Have a pleasant evening. Click on picture to enlarge Click on picture to enlarge Click on picture to enlarge Click on picture to enlarge […]
Financial Repression – Governments Boost Their Coffers And Hold Down Interest Rates
Treasury Secretary Jacob Lew said the government will run out of money to pay its bills sooner than previously thought around November 5, 2015. Lacking sufficient cash, it would be impossible for the United States of America to meet all of its obligations for the first time in our history. Again, another year, to increase […]
Can This Food & Beverage Giant Surprise Investors In This Quarter’s Earnings Report?
Pepsi Co. (PEP) will report its third-quarter earnings Tuesday before the market opens. Wall Street analysts are anticipating an EPS of $1.27 and Revenue of $16.19 Billion. The Estimize consensus is more optimistic, expecting an EPS of $1.30 and Revenue of $16.28 Billion. Can the North American Business Provide Growth? Pepsi Co’s North American Business consists […]
A Global Recession Is Coming… And It Won’t Be Pretty
Syracuse, Sicily – “When in doubt, go to Italy” is the saying. We are always in doubt. What better place to go? Today, a warning about why a global recession is now likely. But first, an update on Sicily… where we’ve spent the last few days exploring. Sicily is not exactly Italy. It sits in […]
