Apple achieved the $1 trillion market cap mountain this week and folks were falling all over themselves to write and read stories about how the company achieved this milestone. That’s fine to the extent it gives us an excuse to reflect on one of the most remarkable stories in the history of corporate America, just…
The S&P 500 has gone up 5 weeks in a row, prompting some market watchers to anticipate a short term pullback. Blind speculation is a poor form of investing/trading. It is very common for the S&P 500 to go up 5 weeks in a row. The past 20 historical cases demonstrate that this is…
After opening the day in red, share markets in India witnessed negative trading activity throughout the day and ended the day in red. Sectoral indices traded mixed, with stocks in the power sector and stocks in the metal sector, leading the losses. At the closing bell, the BSE Sensex stood lower by 159 points (down 0.5%) and the NSE Nifty closed down by 57…
EUR/USD Forex Analysis for July 2, 2018 First, we look into the last week’s trade and what happened on June 29, 2018, and it opens at 1.15674 and went high at 1.16898 and gone low 1.15575 and finally close at 1.16805. The calculated pivot point for the day is 1.1642 LEVELS FIRST LEVEL SECOND LEVEL…
Adamis Pharmaceuticals (ADMP) announced last night that it has entered into an exclusive distribution and commercialization agreement with Sandoz, a division of Novartis (NVS), to commercialize Symjepi or the emergency treatment of allergic reactions including anaphylaxis. Symjepi is epinephrine and competes against Mylan’s (MYL) EpiPen. Under the terms of the agreement, Sandoz will obtain the…
Geopolitical fears remained front and center for the start of the third quarter trading. We are starting the quarter with risk off in equities, but bonds are not bid up enough to counter the pain and the USD is stronger. It’s Monday and the weekend news didn’t bring any relief for China and the trade tariffs looming….
Real estate investment trusts (REITs) in the US posted the strongest gain in June among the major asset classes. The gain marked a second straight month with securitized real estate topping the performance list. Although most market categories retreated last month, US REITs bucked the trend with a solid advance. The MSCI REIT Index increased…
Overnight Markets And News Sep E-mini S&Ps (ESU18 -0.52%) this morning are down -0.53% and European stocks are down -0.57% as trade risks drag global equity markets lower. Sep COMEX copper (HGU18 -0.39%) is down -0.51% to a 9-1/4 month low, which undercut mining stocks and metals producers on concern trade tensions are beginning to slow global…
The window dressing ahead of the end of Q2 failed to signal a turn in sentiment. Equity markets have taken back those gains and more. The US dollar is broadly firmer, though it was coming off its best levels near midday in Europe, and the three-basis-point slippage puts the US 10-year yield at 2.83%, its lowest…
As we’ve demonstrated here at BullMarkets before, the U.S. economy, corporate profits, and stock market all move in the same direction in the medium-long term. The final reading for Q1 2018 GDP (released June 28, 2018) demonstrates that corporate profits are still rising. And for all the people who think that earnings numbers are “manipulated”…
