Back from Colorado and fresh off the redeye, I anxiously await the FED announcement. Fed Fund futures has an almost 100% probability of a hike today and a 70% chance in December. This will surely have chatter focus back on the yield curve and the future possibility of a recession. While that may be true, […]
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The Federal Open Market Committee is expected to lift the federal funds rate by a quarter point to 2.25% when the central bank finishes its two-day meeting today. The central bank is looking to guide the U.S. economy in for a soft landing, with an eye on the gap between the inflation rate and the fed […]
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There were big moves and subsequent pullbacks today for many biotech and healthcare stocks. Continuing the recent theme of inconsistent trading, most symbols struggled to maintain momentum throughout the session. AMRN, for example, was up very sharply at the open, moving up from around $12.00 to a high of $14.64, and then proceeding to give […]
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Ah, the good ole maritime names. These stocks have made headlines before. DRYS most notably but quite a few of them are making noise this week. SAEX was the big mover yesterday and the sector followed suit today. DRYS, EDRY, ESEA, TOPS and a few others made some nice “pops” today. While I am unsure […]
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China’s Vice Commerce Minister Wang Shouwen says the U.S. is putting “a knife to China’s neck” with the $200B in tariffs on Chinese goods that kicked in yesterday. During a press conference, Wang questioned how negotiations could proceed when “it’s not an equal negotiation” with the backdrop of “threats and pressure.” Wang accuses unnamed individuals of […]
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We saw some strong moves up and down in the biotech/healthcare space today. One example is Fibrocell Science Inc. The stock was up over 10% towards the middle of the session due to rumors of an FDA contract. However, this has yet to be confirmed. Meanwhile, Spectrum Pharmaceuticals was down nearly 20% after releasing updated […]
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Today’s video discusses several reasons for Monday morning’s weakness, including a potential political problem. The video dovetails well with Friday’s post of the S&P 500 support and resistance levels (Hint – it’s on one right now).
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Having spent the earlier portion of the week in Michigan and the Carolinas, I find myself back in my Ft. Lauderdale office. In looking back at the week and the various meetings I had, I’m reminded of the critical need for proper education on the subject of financial instruments. When speaking with those that work […]
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In today’s video, I discuss the market’s new highs, as well as targets for the Dow and S&P 500. In today’s world, trade wars and ever-increasing tariffs are BULLISH… who knew? Professors will have to rewrite their economic textbooks to include this wonderful new wrinkle in the markets.
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We saw some major moves in biotech/healthcare today. India Globalization Inc. (IGC) was up over 70% at its peak today, trading above $4 after opening just above $2.50 per share. While there is no pressing news behind the move, the sector has been fairly hot lately and IGC appears to be in a good position […]
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