Author Archives: Darren Marchal

“Speculators” Drive Oil Price Lower

Usually, gamblers make their money when speculating on commodity prices by betting that the value will rise, allowing them to sell their holdings at a profit. Whilst it is entirely possible to make a killing by shorting the market, usually it is done on the share markets rather than on commodities. However, according to a…

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Since 2010, our top scoring weekly has outpaced the SPX by a median 328 bps in the following year. The best performers from our list one year ago are AGN up 96%, MAR up 61%, GD up 52%, and SIAL up 49%. Healthcare is the top scoring large cap sector. The best scoring large cap…

Morning Call For December 23, 2014

OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 +0.10%) this morning are up +0.11% and European stocks are up +0.40% on expectations that U.S. Q3 GDP will be revised upward and Nov durable goods orders will show a solid gain. Asian stocks closed mixed: Japan closed for holiday, Hong Kong -0.32%, China -2.05%, Taiwan +0.03%, Australia -1.12%, Singapore +0.05%,…

Housing’s Wobbly But The Economy’s Strong… Huh?

US economic growth accelerated last month, according to the November update of the Chicago Fed National Activity Index. But while the broad trend is looking stronger these days, housing remains wobbly. Existing home sales fell a hefty 6.1% in November – the biggest monthly decline in over four years. The slide follows last week’s news of November’s sluggish growth in housing…

CERS Reports US Phase 2 Clinical Trial Of INTERCEPT Met Primary E

Cerus Corporation (NASDAQ: CERS) announced its Phase 2 clinical trial of red blood cells treated with the INTERCEPT Blood System met its primary endpoint, with preliminary analysis demonstrating that greater than 75 percent of treated red blood cells continued to circulate 24 hours following transfusion. The investigators plan to submit data from the study for presentation…

Learning From The Past, Part 1

Photo Credit: Rob Pym This is another Aleph Blog series of indeterminate length.  I won’t bleed as much as my friend James Altucher, but I will reveal the worst investments of my life. There have been a lot of them. Good investments have more than paid for the losses, but the losses were significant in two ways:…

Fired Up By Cuba Policy Change

A version of this post appeared in the San Antonio Express News. I’m fired up by the new US policy I’m totally fired up that the Obama administration relaxed travel, trade, and diplomatic restrictions on Cuba last week. Removing the US embargo will not raise up Cuban people’s lives as much as we hope without the…

Holiday Mood Grips Markets

The US dollar is narrowly mixed. The euro is pinned in a quarter cent range above $1.2220. The dollar is higher against the yen for the fifth consecutive session. It may be the first session since December 8 that the dollar spend the entire session above JPY120.  The Australian dollar and sterling are the weakest of…