FOMC meetings with an announcement on Wednesday at 2 PM. What is surprising is not that men and women will lose their souls, the only thing that they can ever possess that in the end really matters. No, what is truly surprising is that they do so almost without a care or a thought, and…
Volatility is rising again, just time for the first rate hike in almost a decade. Last week we saw the 5th largest weekly advance in the history the Volatility (“VIX”) Index. The increase volatility of volatility over the past two years has been unprecedented (click here for our research on leading indicators of volatility). Today, the VIX Index crossed…
It’s been a while since we covered the latest startup investment news, and there have been a number of important stories. Here are some of my favorites. AngelList Lands the Largest Seed Fund in History Back in October, AngelList announced a new $400 million fund called CSC Upshot. It’s funded by one of the largest…
A mixed session in Asia in what was very much an overhang from Friday’s session but also very weary of the FED in two days time. It is interesting that in European Equities continue to trade heavy (DAX, CAC, FTSE -1.75%) into the FED, despite Mario Draghi’s comment earlier this morning. There are rising concerns…
On November 2, Hong Kong’s Exchange Fund reported its worst ever quarterly loss. For the quarter the number was an astonishing -HK$63.8 billion, turning what was an already-reduced YTD profit from Q2 into a –HK$36.8 billion loss so far for 2015. What caught most people’s attention was not specifically the loss but that it was…
In a report leaked to Philly Inquirer columnist Chris Goldstein, Merrill Lynch has reportedly taken a bullish stand on certain segments of the legal marijuana market. But where the report does not focus is almost as telling as where it does. Here are several things every marijuana investor should notice: This is Merrill Lynch, for pity’s sakes….
We track more than 7000 US equities, ADRs, and foreign stock which trade on US exchanges as well as @1000 Canadian equities. When EPS estimates are available for a given equity, our model calculates a level of mispricing or valuation percentage for that equity based on earnings estimates and what the stock should be worth…
Many things had to come together to help me pick my favorite stock for 2016. First we have a rolling disaster in US energy businesses. Fracking companies face the new year without more hedges against lower prices for oil and gas. Existing contracts run out then. Oil and gas price declines continue. The rout has…
Fed Brings High Anxiety During the past several weeks, we have read numerous accounts of “we are reducing risk before the Fed”, which has a very rational fear-of-the-unknown basis. Over the same period, we cannot recall reading one anecdotal example of any institutional investor that was “loading up on risk before the Fed”, which means…
It’s almost the aniversary of the OPEC decission not to cut production. This surprise move sent a shockwave over the oil market. A year after Saudi Arabia upended expectations by refusing to prop up the crude oil market, watch speculation on when prices will recover. Will it fall to $20 or rise back to $100….
