Today’s market action was mostly muted, as would be expected given today is a bank holiday. The S&P 500 became mostly bearish about 90 minutes into the session but bounced back sharply to erase most of this session’s losses towards the end of the day. Healthcare mostly mimicked the action of the overall market, but […]
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Today’s markets were substantially bearish. The SPY ETF traded as low as 286.22, a decline of nearly 1%, before bouncing back to recoup around 40% of its declines at the time this article was written. This negative bias affected most stocks in the healthcare and biotech sectors, with the XLV healthcare sector ETF and the […]
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In today’s video, I discuss the current market weakness and what’s causing it (hint, it’s two things, actually) and what may cause further weakness.
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Fresh from the red-eye, I’m back at my desk in Fort Lauderdale after a one-day turn around in Sin City. Despite the glamour, the lights, the energy, the new Raiders stadium, the Knights home opener and the big fight this weekend, none of that fun made my agenda. The trip was strictly work-related. On the […]
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Both biotech and healthcare stocks were sharply lower overall in today’s session. Overall, US equities markets sold sharply off recent all-time highs as reality finally set in that interest rates would likely continue higher due to persistently positive economic data. One stock hit particularly hard today is Mallinckrodt (MNK), which traded down over 17.50%. Besides […]
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The markets turned on its head today and we are seeing a very broad sell-off. Will this be the end of the bull run, or will there be potential for a bounce very soon? I am going to cover all of this and more in my analysis of the Dow Jones ETF, DIA. Tune in to […]
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A large rise in U.S. Treasury yields is pulling global bond yields higher across the board and boosted the dollar, while stocks fell in response. The 10-year Treasury note is now at its highest level since mid-2011, up 7 bps to 3.23%, as recent comments from Federal officials signaled more rate hikes are on the horizon. […]
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We are all getting geared up for Earnings Season again and are busy honing our skills. Constellation Brands (Ticker: STZ) has offered us a great opportunity to put our skills to work for their quarterly earnings report that will be released tomorrow before the open. Watch this video to learn more about what I am talking […]
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In today’s desk-side chat, I’m going to take a moment and remind investors of the human element that may influence trading and portfolio management. Risk discipline is one of the most challenging areas to manage as it applies to the human emotion. That may apply to many facets, as an example, over trading, lacking exit […]
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Following Federal Reserve Chairman Jerome Powell’s description yesterday of the U.S. economic outlook as “remarkably positive,” market watchers are on the lookout for more Fedspeak. Speeches from seven Fed officials are on the radar today, just one week after the central bank hiked rates and signaled upcoming gradual increases. Powell will again take the podium, […]
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