Janus Flexible Bond A (JDFAX) a Zacks Ranked #1 (Strong Buy) seeks total return. JDFAX invests a major portion of its net assets in bonds including government notes and bonds, corporate bonds, convertible bonds, commercial and residential mortgage-backed securities, and zero-coupon bonds. JDFAX will invest at least 65% of its assets in investment grade debt securities. JDFAX…
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ15 +0.41%) are up +0.55% and European stocks are up +0.20% as prices recover from Monday’s rout. Gains in crude oil and copper helped boost energy and basic-resource producers, while an unexpected increase in Eurozone Sep economic confidence to a 4-year high underpinned European stocks. Asian stocks settled…
EURUSD: With EUR failing to maintain its upside momentum and turning lower off the 1.1280 level during Tuesday trading session, risk of more weakness is now developing. In such case, support at the 1.1150 level with a break of here opening the door for a run at the 1.1100 level. Further down, a turn below…
I’m using a simple round number (sort of like the overpaid geniuses at Goldman that just cut their year-end price targets on the S&P to 2000 for this year and 2100 for next year…………they get paid for this?????) but my opinion is that we’ll bounce no higher than 1900 on the ES futures before resuming the oh-so-fun tumble.
Hot stocks of the day: VXX, SPY Video length: 00:01:52
By: Vikas Shukla Yahoo! Inc. (YHOO) CEO Marissa Mayer is making a big gamble with the company’s $22 billion stake in Chinese e-commerce behemoth Alibaba (BABA). The U.S. Internet company said in a filing with SEC that its board has authorized the proposed spinoff. Mayer has been telling shareholders for months that Yahoo was working on…
It was a tale of two markets overnight: Asia first – where all commodity hell broke loose – and then Europe (and the US), where central banks did everything they could to stabilize the already terrible sentiment. Asian markets were a bloodbath as we covered previously, with China’s Shanghai Composite sliding 2%, even as some…
The odds for a Fed rate hike are falling like a stone, or so it appears based on the implied inflation forecast via the yield spread on nominal less inflation-indexed Treasuries. The slide is especially pronounced for 10-year maturities, which are now pricing future US inflation at the lowest level since the end of the…
The EUR/USD pair initially fell during the course of the session on Monday, but found enough support to turn things back around and form a fairly positive candle. However, I still think that this market is essentially bouncing around between the 1.11 level on the bottom, and the 1.13 level on the top. With that…
The recent carnage in biotech investing seems more vicious than anticipated. This hot corner of the broad U.S. healthcare market has seen many a correction before, but none seemed as rigorous as it looks now. The recent rout was instigated merely by a tweet — by presidential candidate Hillary Clinton. Her tweet raised concerns over…
