DOW – 51 = 17,801 SPX – 0.49 = 2059 NAS + 25 = 4766 10 YR YLD – .04 = 2.22% OIL + .80 = 63.85 GOLD + 27.80 = 1233.00 SILV + .73 = 17.21 We’ll start with economic news. The Labor Department reports there were 4.83 million job openings in October, up…
About two months ago, UK-based education technology startup Quipper started its expansion into Thailand, a market it has high hopes for. Only a month into its launch and according to Takuya Homma, Marketing Director for Quipper, the company has managed to sign up more than 30,000 students and teachers in Thailand to use its services: Quipper School…
You’ve navigated a competitive market, steered your company to profitability, and put it on track for healthy growth and expansion. It’s now time to start thinking about an exit strategy. Sound premature? It’s not. Proper planning can help ensure both a successful business transition and an equally successful retirement for the owner. Too often, owners get…
I’ve balanced out my short portfolio with a lucky 21 quantity of long positions. Here are a few favorites:
The Nikkei 225 has fallen over 300 points from the v-shaped recovery close at the end of the US day session and is now trading below the lows of the day at 2-week lows. USDJPY has plunged over 100 pips having briefly neared 120.00, now back below 119.00. JGB Futures are trading near record highs prices…
With oil grabbing the headlines on a daily basis, hitting new lows and taking down every energy name listed on the exchanges, I wanted to highlight some new purchases I made that are not in the oil patch. As I have stated before, I’m not against owning the energy names I just prefer a little…
The Chinese stock market hit a four year high today at 3,020. This is up 53% since the middle of 2013 low and up 48% in the last six months. I guess this must mean the Chinese economy is operating on all cylinders. If you think so, you’d be wrong. Barron’s interviewed a no-nonsense woman who has…
Western Digital (WDC) broke out today, adding +2.62% to close at $107.8. I think this could test $110 soon. We locked in our profits on Jan calls: for a nice +32.62% profit. Biotechs continued to zoom higher. We talked about Clovis Oncology (CLVS) in this week’s Sector Watch. I think it is still looking good:…
It isn’t just the price of oil that is collapsing. The last time commodity prices were this low was during the immediate aftermath of the last financial crisis. The Bloomberg Commodity Index fell to 110.4571 on Monday – the lowest that it has been since April 2009. Just like junk bonds, industrial commodities are a…
Josh Brown, blogger extraordinaire, wrote a post the other day about the breakout in the financials which argued that investors should overweight them. All due respect to Josh (who I think highly of), here’s 5 reasons why I think that’s a bad idea, especially in regards to the bank stocks: The yield curve has been…
