The European Central Bank has been particularly busy. It is engaged in an asset buying program. Despite a European Court of Justice ruling highlighting the conflict of interest between its bank supervisory function and role as creditor, the ECB is still part of the Troika official creditors and participated in the marathon negotiating sessions over Greece. The…
I am becoming a gold bug. While conspiracy theorists have been telling us, wrongly, for years that the price of gold is being manipulated, that doesn’t mean that there is no current fix going on now to shove down yellow metal price down. In fact, an unexpected player in the precious metal market almost certainly…
Biogen (BIIB) today reported new Phase 1B results for aducanumab in treating patients with Alzheimer’s. These results come from the trial known as the “PRIME” trial which split patients into two different dose groups. One group took different dosages of aducanumab, and the other group were given a placebo.. These results were presented today at…
CLICK ON CHART TO ENLARGE I shared this chart with members last week, taking a long-term look at one index in the states and one from Europe, that both look a ton alike! This 2-packs at the Valu-Line Geometric index and the FTSE-100 from London. Both hit highs in 2000 and then proceeded to fall around 50% each…
The three-month average of the Chicago Fed National Activity Index (CFNAI) is expected to rise fractionally in the June update that’s scheduled for tomorrow (July 23), based on The Capital Spectator’s average point forecast for several econometric estimates. The projection for -0.12 is slightly above the -0.16 reading for May, which reflects a below-average pace…
The problems in Greece and China threw the world markets into a tizzy over the past month. The Greeks seem schizophrenic rejecting then accepting the latest deal from their creditors, while the Chinese government layers on one new program after another to halt the rout in Chinese stocks. Every morning American investors must check the…
The problems in Greece and China threw the world markets into a tizzy over the past month. The Greeks seem schizophrenic rejecting then accepting the latest deal from their creditors, while the Chinese government layers on one new program after another to halt the rout in Chinese stocks. Every morning American investors must check the…
The Semi’s have led the broad market ever since 2012. That is not the be-all, end-all but it is notable. The market has other leaders now, like the speculative momentum going on in Internets and Biotechs along with whatever reason the Banks are still going up despite suspect interest rates (this bears watching because one…
The Federal Housing Finance Agency (FHFA) has released the U.S. House Price Index (HPI) for the most recent month. Here is the opening of the report. U.S. house prices rose in May, up 0.4 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI)….
While this week has been, and continues to be, devoid of macro updates, yesterday’s flurry of mostly disappointing earnings releases both before and after the open, including some of the biggest DJIA companies as well as the current and previously biggest and most important companies in the world, AAPL and MSFT, both of which came…
