Oil Eases Over Uncertain Supply Picture @FoxBusiness
http://www.foxbusiness.com/markets/2016/03/15/oil-eases-over-uncertain-supply-picture.html
Study: 92% of Teens Want to Own a Car @FoxBusiness
http://www.foxbusiness.com/features/2016/03/15/study-92-teens-want-to-own-car.html
Kim Jong Un says will soon test nuclear warhead
http://www.reuters.com/article/us-northkorea-nuclear-idUSKCN0WG2IQ
Required Reading
Police besiege Brussels house after Paris attacks raid House Republicans float controversial budget plan Brazil’s ex-President Lula to accept cabinet post: presidency source Drugmaker Valeant cuts 2016 outlook, says it faces default risk
Investor's Edge: 03/15/2016
Investor’s Edge: 03/15/2016
The Closing Look
Stocks were relatively quiet on Tuesday after the Bank of Japan did nothing at their latest meeting but did say they are ready to add more stimulus if needed. In the U.S., the producer price index fell -0.2%, matching estimates for -0.2%. Meanwhile, retail sales slid by -0.1%, also matching estimates. The Empire State Manufacturing report…
Chart Of The Day: Worse Gets Worser For Valeant $VRX
Read GaryK’s Anatomy of a Top For $VRX written in Oct 2015! https://garykaltbaum.com/anatomy-top-valeant-pharmaceuticals-vrx/
A SHORT NOTE ON BIOTECH
Biotech continues to lag this recent rally and badly. We noted this in the past week. We are not sure if it is meaningful to the markets but to quote ourselves from yesterday’s radio show: “If they cannot rally while the market is going up, then when the market goes down, they will lead down!”…
The Closing Look
Stocks were mixed to mostly higher on Monday as the market continues to grind higher ahead of Wednesday’s Fed meeting. Overnight, China said industrial output was the weakest since 2009, but the Shanghai index still rallied close to 2%. The rally in Chinese stocks came after the new head securities regulator made it clear that he…