Just two months ago, regulators finally opened a probe into what a whistleblower called “rampant manipulation of VIX.” This morning’s manic VIX auction has once again sparked chatter of just how ‘gamed’ the vol markets still are… With stocks quietly drifting sideways ahead of the US cash open this morning, VIX suddenly spiked reprising a pattern of jerky moves on…
Calithera Biosciences, Inc. (NASDAQ: CALA) Shares of Calithera Biosciences, Inc. gained $0.60, or $9.45% during premarket trade on Wednesday. The surge came after the company received a fast track designation status from the FDA for its CB-839 glutaminase inhibitor and cabozantinib, which are combined to treat kidney cancer, or renal cell carcinoma. The biotech firm,…
Stocks opened slightly higher on Wednesday as investors begin to reap some rewards from the start of first-quarter earnings season. Despite this recent market momentum, uncertainty is still present, which means investors need to continue to utilize Q1 earnings season in order to look for stocks set to top earnings estimates. First quarter earnings season…
As indexing becomes more and more popular it is also coming under increasing fire. I’ve written a lot about some of the more common indexing myths, but I also wanted to discuss a few myths and misunderstandings that have become more common in recent months: 1. Index funds are increasingly exposed to tech and therefore don’t diversify…
Learn the history of the 2008 financial crisis and stock crash, when the S&P 500 declined more than 57%. See what caused the crash, and the lessons we can learn from it. The 2008 financial crisis resulted from a buildup of financial problems during 2003 to 2007, all while the US stock market moved higher. Starting in 2007…
Shares of Wayfair (W) are higher after the company announced it is launching its own version of Amazon’s (AMZN) Prime Day. Way Day is a new annual retail event that will offer customers low prices and free shipping, the company said. WAY DAY: On Wednesday, Wayfair announced it is launching Way Day, a new retail…
Exactly one year ago, in its Global Financial Stability report, the IMF issued a stark warning when looking at the soaring level of private sector debt: it found that more than 20% of US corporations are at risk of defaults once interest rates rise, and calculated that the combined assets of firms threatened by default – those…
Emotional management is crucial to the ability to focus on what matters most in the trade. For instance, planning, stringent rule following and keeping commitments are some emotional management skills you’ll want to hone. There are those who would say that you should trade like a robot, meaning without emotions. They contend that, if you…
While affirming a tightening bias, The Bank of Canada blinked again today, opting to not raise its overnight rate for the second time in two months, noting the Canadian economy was slightly weaker than the bank had expected in the first quarter of 2018. Its next meeting date is May 30. Meanwhile, despite still relatively low-interest…
I am kind of fascinated by this VOO chart, which is based on the S&P 500. Check out the red horizontal as well as that dotted trendline. Notice how prices are mashed just beneath them. Taking a big step back, you can see the dotted line is simply the midline of the channel I’ve drawn, which goes…
