What do Australia, Canada, China, Denmark, India, Indonesia, Norway, Russia, South Korea, Sweden, Switzerland, Turkey, and the Eurozone have in common? Their central banks have all cut interest rates in 2015. The ECB was the latest to join the easy money party in moving their deposit rate further into negative territory last week. Meanwhile, here in the…
Apple’s (AAPL) future iPad sales in China is threatened by another company. Aside from Xiaomi’s sub-$200 Mi Pad 2, Amazon’s (AMZN) Fire 7 Android tablet is now going to challenge the iPad in China. Amazon has partnered up with Baidu (BIDU) to sell the Fire 7 for 499 Yuan ($80) in the Middle Kingdom. This is not just…
An Exhausted Market… It’s becoming harder to find a scapegoat for the market’s decline.Stocks have suffered four out of six losing sessions and three consecutive down days. There were no important economic data releases today. This market is falling due to its own exhaustion. It was not a good day for stocks, especially the Nasdaq-100 and Nasdaq…
How Did the Stock Market Do Today? Dow Jones: 17,492.30; -75.70; -0.43% S&P 500: 2,047.62; -15.97;-0.77% Nasdaq: 5,022.87; -75.38;-1.48% The Dow Jones Industrial Average today (Wednesday) fell 75 points and the S&P 500 fell into negative territory for the year as traders kept a close eye on falling WTI crude oil prices and shares of Apple Inc. (Nasdaq: AAPL) dipped 2.2% on concerns about the…
With Prices Below $50, what is a stripper to do? With OPEC breaking down and any kind of coordination among its members on price cuts looking increasingly unlikely, it now appears that oil prices could remain below $50 a barrel for a year or more. As producers confront this unpleasant reality, some will finally start…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 75 = 17,492 SPX – 15 – 2047 NAS – 75 = 5022 10 YR YLD – .03 = 2.21% OIL – .28 = 37.24 GOLD – 2.10 = 1073.50 Stocks started the day in positive territory but then slipped, and the decline…
The lead players Wednesday starred “Da Boyz” in the trading pits at the NYMEX crude oil futures. There traders often play a game of posting offers only to withdraw them when someone tries to accept. In other words, they game the system. Wednesday featured the release of crude oil weekly supply and inventory data. The data was,…
This belongs with the last post on the highly “disturbed dollar” but I felt it deserved its own separate piece to feature downstream of funding. Given the liquidity backdrop describing a broad range of extraordinarily disconcerting prices and liquidity rates, the selloff picking up pace in junk is anticipated. Even still, the nature of the crash and…
We’re entering a new stage in the biotech sector. Biotechs are starting to pay dividends.Gilead Sciences (Nasdaq: GILD) recently joined Amgen (Nasdaq: AMGN) as blue-chip biotech stocks that are returning capital to shareholders in the form of dividends. Amgen has paid a dividend since 2011 and now offers a yield of nearly 2%. The company has raised it…
Need a convenient way to fulfill a vow of poverty? Invest in closed-end fund IPOs. Here is the most recent one that I have seen, the AllianzGI Diversified Income & Convertible Fund (ACV). As described in Is The Market Fair? Yes Vs. No, closed-end fund IPOs have a consistently losing record. It fits the pattern of…
