I was honored to be named LinkedIn’s #1 Voice in Technology for 2017. I’m sincerely humbled by this list of writers; you should check out their work. It’s extraordinary. Congratulations to my colleagues and a very big thank you to my readers. As the year winds down, I thought it would be fun to recap…
The WTI Crude Oil market initially fell during the week, but turned around to break above the $57.50 level. Now that we have done this, it’s likely that we will continue to see buyers jump into this market. I think the market is going to try to reach towards the $60 level above, which of…
As I compose this article, the Dow Jones Industrial Average (DJIA) index: is approaching the 25,000 milestone; is up ~2% for the month of December 2017; has experienced 9 straight monthly increases which represents its longest streak of monthly gains in nearly 59 years; is on track to rise more than 25% YTD ; recently notched its…
Forty thousand dollars per bitcoin. One hundred thousand. Three hundred thousand. The predictions are as numerous as the people making them. I don’t pretend to know which one is going to be reality, and neither should anyone else. I do find the simplified presentation of price movements during manias to be an interesting road map,…
Mallinckrodt (MNK) was halted pre-market on Friday on a breaking news story. The Tax Cut and Jobs Act (“TCJA”) recently passed by Congress and President Trump is expected to result in a deferred tax benefit of $450 – $500 million: Mallinckrodt (NYSE:MNK) says the GOP’s Tax Cut and Jobs Act will be neutral to modestly…
The launch of futures on Bitcoins was rushed so quickly through the regulatory channels that the anticipation was short-lived. And as the recent price action amply demonstrates, the existence of a derivative market has not tamed the digital token’s volatility. It is still the early days, but Bitcoin futures do not look likely to change the…
The deadline for the spending bill was December 22. If nothing passed there would be a government shutdown. On Thursday, the government averted this issue as the House passed another short term spending bill which lasts until January 19th. This means there won’t be volatility in the next week, but it also means we’ll need to…
The biotech industry has been on the comeback trail in 2017 after facing a number of challenges last year including pricing pressure, rising competition, pipeline setbacks, pricing pressure, slowdown in growth of mature products and generic competition for certain key drugs. Frequent FDA approvals, new product sales ramp up, R&D success and innovation, strong clinical…
The big crypto-crash on Friday saw bitcoin and its peers plunge, often at double-digit levels. Trading on bitcoin futures triggered circuit breakers on the CME Group’s exchange, already in the first week of trading. Yet after the big downfall, digital currencies experienced a recovery late on Friday. While stocks, bonds, and regular currencies are closed for the weekend,…
