Putting aside money for an emergency is a good idea, but for an emergency fund to be fully accessible, it needs to be in a liquid asset. Liquid assets, like money markets and CDs receive low interest. So why is putting money aside that won’t grow a good investment? Reasons not to invest your emergency…
After the biotech reported that the NS5A drug of Achillion Pharmaceuticals, Inc.(NASDAQ:ACHN) combined with Gilead’s Sovaldi scored a quick cure among a small group of hepatitis C patients after only 6 weeks of treatment, the shares of Achillion rose high. Achillion shares went up more than 16% as company execs touted their “best-in-class” potential and…
Gold prices fell 1.5% yesterday, extending their losses to a second straight session, as the dollar rally eroded the appeal of the precious metal. The precious metal also faced pressure due to subdued inflation outlook and heightened appetite for more conventional assets (such as stocks). Both the Dow Jones and S&P 500 advanced to records on…
In a larger sense, the Fed is already intervening in the oil sector via its zero interest rate policy (ZIRP) and its unlimited liquidity for financial speculation. The problem with financializing a critical sector of the economy is the financialization process transforms it into a systemic risk. The trajectory of every financialized sector is the same:…
Noah Smith has an excellent post which is very critical of something John Cochrane wrote. I added a couple more criticisms in comments Your post is very good as usual. I’d add a couple of things. Cochrane wrote: “With the 2013 sequester, Keynesians warned that reduced spending and the end of 99-week unemployment benefits would drive the…
U.S. stocks found support once again last week and rallied on strong volume. Of course, the main catalyst was the FOMC policy statement on Wednesday that maintained its dovish language with a pledge of considerable time before raising the fed funds rate and adding that it would be patient as it begins the process of normalizing monetary policy. The…
The medical marijuana/cannabis industry has become legalized in many countries around the world and that trend is only gaining momentum. While the last year has been an extreme roller coaster ride for most investors in the cannabis market, we can feel confident that this trend is still at the early stages, well established and on…
Since 2010, the average return of our weekly best scoring ADRs have outpaced the MSCI EAFE by a median 458 bps over the following year, with no turnover. The average ADR score is 48.84, which is above the four week moving average score of 47.72. The average ADR is trading -25.24% below its 52 week…
While there are numerous reasons for recent volatility in asset prices, the market has primarily focused on concerns related to economic weakness in Europe, the possibility of a widespread Ebola outbreak, and the Federal Reserve. The chart below shows the performance of stocks relative to the VIX Fear Index over the past seven months. The…
Taser (TASR – Snapshot Report), with its body cameras and Evidence.com, could easily double in size. MasterCard (MA – Analyst Report) is an old dog learning new tricks in cyber security with its digital tokens. Running length 00:07:30
