First-quarter results of pharma bigwigs like Pfizer PFE, Merck MRK and Allergan AGN stole the limelight this week. Other than that, Novartis NVS gained FDA approval for the second indication of its CAR-T therapy, Kymriah. While AbbVie ABBV submitted a regulatory application in the EU for its psoriasis candidate, risankizumab, Merck’s PD-L1 inhibitor, Keytruda gained FDA’s Priority Review status for yet another label expansion…
Today’s surge in AAPL stock, when news of more purchases by Warren Buffett in the first quarter unleashed a buying frenzy, sending the stock to a new all time high, had a secondary effect of accelerating the entire FAANG sector (Facebook, Apple, Amazon, Netflix and Google), which now makes up a bigger piece of the tech pie…
This week we are focused on rising interest rates and a strengthening dollar as the narrative of synchronized global growth fails; rising prices from tariffs, troubles in the oil markets and wage pressures; equity weakness despite earnings as investors become more bearish, fearing this is as good as it can get. Markets First, let’s recap…
This post is a review of all major leading indicators follows – and their trends are generally indicating moderate growth. Analyst Opinion of the Leading Indicator Forecasts Most of the leading indicators are based on factors which are known to have significant backward revisions – and one cannot take any of their trends to the bank….
Silver investors have been schizophrenic the last two weeks. Following a huge inflow mid-April, last week saw the biggest outflow from Silver ETFs since Jan 2015, and now this week (yesterday) saw investors pile more money into Silver ETFs than at any time since March 2016… After which silver soared 45%… Dramatically outperforming Gold……
The US trade deficit, a sensitive political topic these days, declined sharply in March. It had expanded significantly (more deficit) in January and February, reaching nearly -$76 billion (seasonally adjusted) in the latter month, before posting -$68 billion in the latest figures. Exports rose while imports fell in March, making for the largest single month…
The 10 Wealthiest Countries According to market research company New World Wealth, the world has accumulated $215 trillion in private wealth, a 12% increase over the last year. Incredibly, the vast majority of this wealth – about 73.5% – is held by just 10 countries: Rank Country Wealth ($ Trillions) Change (2007-2017, %) #1 United States…
