Stocks rallied on Wednesday, helped by more easy money from the Fed and a big rally in a slew of Biotech (IBB) and Healthcare (XLV) stocks. Transportation stocks lagged for most of the day as they pause to digest the recent rally. The Fed released the minutes of their latest meeting and the minutes reiterated…
Stock Market Overview: Futures are up a little ahead of Wednesday’s open as stock markets across the globe fell on Tuesday, led by steep declines in Europe and Japan. Gary’s Thoughts: Watching oil prices up sharply this morning. Oils/energy been on rest/pullback past few weeks. Otherwise, refer to what we said last night. Massive earnings just ahead!…
Stocks fell on Tuesday as global selling continued on sluggish global economic growth. Japanese and European stock markets fell after the IMF warned of a global economic slowdown. Overnight, India’s Central Bank joined the easy money party and lowered its key interest rate to 6.5%, from 6.75%. Meanwhile, Australia’s Central Bank held rates stead. In the…
Stock Market Overview: Futures are lower ahead of Tuesday’s open as investors pause to digest the recent and very strong 7-week rally. Gary’s Thoughts: Japan and Asia markets rolling over. European markets look the same. This is not an opinion. Pay heed. Economic Data: Trade Balance (8:30): -$46.3 bn expected Markit US Services PMI (9:45) Markit…
Stocks fell on Monday as markets paused to digest the very strong rally we have seen over the past 8 weeks. Commodities dragged stocks lower even though the US dollar also fell. Alaska Air ($ALK) said it plans to acquire Virgin America (VA) in a deal valued at $4 billion. Groupon (GRPN) rallied after the…
We are back from China. We will have our thoughts on China and the economy later in the week but first: Earnings growth does not matter. Sales growth does not matter. GDP does not matter. Debt, we mean massive debt does not matter. Leverage, we mean massive leverage does not matter. Communist presidential candidates do…
Non-event day as market rests into the fake jobs number. We posted what Yellen said yesterday (or was it the day before) We can now expect QE4 to come. We will have a lot of whining over the weekend as we take a 14 hour flight back from China. There is absolutely nothing wrong with…
Greetings again from Shanghai where we visited 3 of the tallest buildings in the world that are literally next to each other in Pudong. We will be traveling back tomorrow. In case you did not see this, here is the money quote from Mrs. Bubble. Leave no doubt, nothing she says is by accident. This…
March 30,2016 Greetings from Shanghai where it is 7:15 pm Wednesday night. Hoping you are doing well as we will be back from our trip this coming Saturday. We have a lot to say in two parts. Firstly, we do not know what you’re hearing but here is what happened yesterday. Janet Yellen just eased…
Greetings from Hong Kong…on the way to Shanghai today. Will have a complete report on China this coming weekend. Was up overnight watching and the best way to describe the action is a lot of not much. A lot of sitting, a lot of back and forth, a few things not so well, a few…
