Wall Streets euphoria spilled-over into Asia with many markets making gains. The one outsider today was the SENSEX which closed marginally lower -0.2%, breaking its recent winning streak. We continue to see the INR trade weaker against the dollar and now is heading for levels not seen since late September 2017. The majority of the…
from the St Louis Fed — this post authored by Alexander Monge-Naranjo and Hee Sung Kim It is well known that the U.S. economy is a major supplier of food products to the world. Not only is the country endowed with fertile lands and natural resources, but it also has the appropriate climate for grains and grass….
Netflix Is Spending To Grow Let’s look at the earnings of all the TFAANG names because they are the market leaders. It will be tough for the S&P 500 to make a new all-time high if the momentum growth stocks don’t rally. Netflix is the poster child for this segment because it has a high…
Bond yields jumped today after the Fed’s Beige Book noted steel stockpiling and tariff-related price hikes. The Fed’s “Beige Book” is a compilation of economic activity by each of twelve Federal Reserve districts. The title sounds impressive but it is little more than a summation of the anecdotes from the latest Fed regional reports (Think…
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…
