While analysts and investors debate the latest jobs report, or obsess over the most recent Federal Reserve announcement, it’s easy to overlook the basic fundamentals of the gold market. With that in mind, consider this recent news: one of the world’s top gold producers says market dynamics may well lead to shrinking gold supplies in…
Internet giant Yahoo (YHOO) has apparently changed its mind about spinning off its valuable stake in China’s Alibaba, and will instead spin off its core internet properties, including its stake in Yahoo Japan. CNBC first reported the story on Tuesday evening, citing sources with knowledge of the matter. Moving forward, Yahoo will likely spin off its core…
Last week, ECB-driven disappointment saw to it that the DAX 30, in a single day, was to take out a significant portion of bullish price action carved out during the latter part of November. In the process of doing so it formed a bearish engulfing bar on the weekly time-frame. Sellers pushed the index squarely back…
The major indexes were in the red on yesterday’s session with renewed pressure on oil prices weighing on overall market sentiment. It’s been almost a year since oil prices started sliding, with a combination of oversupplied markets and soft demand pushing prices lower. On the supply side, U.S. production hasn’t declined at the pace that…
The Wyden-Grassley report on Gilead GILD has caused quite the stir; the 18-month investigation into the pricing and marketing of Gilead’s HCV regimen highlighted that [i] Sovaldi’s $1,000 per day pill or $84,000 per regimen treatment was designed to maximize revenue, [ii] affordable access was not a key consideration in setting Sovaldi’s price and [iii]…
Try to imagine a zebra without stripes, Thanksgiving without turkey, or a pair of Nike’s without the iconic “swoosh.” Of course, it’s nearly impossible to envision certain things without their distinguishing characteristics. Which is why a master limited partnership (MLP) without a distribution is such a strange entity. These tax-advantaged vehicles were basically created to…
During the day on Thursday, we get an interest-rate decision out of the Bank of England, which of course will move the British pound and the FTSE, but we also get the Unemployment Claims number coming out of the United States which can have an effect on the US stock markets in general. S&P 500…
It’s common knowledge that financial companies thrive in a rising interest rate environment. Therefore, U.S. banks will undoubtedly get a boost from the impending rate hike by the Federal Reserve. This, along with the fundamental strength earned by banks since the last financial crisis, should help them reach the turning point of consistent growth. The…
Q4 GDP expectations are off to a bad start as October wholesale inventories dropped 0.1%(missing expectations of a 0.2% rise and well down from the September surge of 0.5%). Wholesale inventories rose only 3.7% YoY, the lowest since Sept 2013 but sales have now been negative YoY since December. This leaves the crucial inventories-to-sales ratio at…
Sorry to obsess over this (and this is more of a comment cleaner than anything else), but I’ve seriously never in my life seen an IPO before like Square. It’s just bizarre. Here’s the daily chart. I suggest they consider changing the name of the firm to “Line“.
