Over the weekend, we showed why according to Macquarie strategist Viktor Shvets, the “biggest risk facing investors over the next 12 months” was an intense appreciation in the US dollar. The key reason behind the thesis was simple: a sharp reduction in dollar supply has been observed as the Fed destroys liquidity by shrinking its balance…
ZTE is back from the dead after Trump reversed sanctions. It’s easy to explain why, but politicians are angry. Yesterday I reported ZTE Back From the Dead After Trump Reverses Sanctions. All of a sudden Trump is concerned about Chinese jobs. President Xi of China, and I, are working together to give massive Chinese phone company,…
Shares of Xerox Corp. (XRX) are falling after the company announced the termination of its deal with Fujifilm (FUJIY) and a new settlement agreement with billionaire investors Carl Icahn and Darwin Deason. FUJIFILM DEAL TERMINATED: On Sunday, Xerox announced that it notified Fujifilm that the agreement to combine Xerox with Fuji Xerox is being terminated…
Biotechs Soar And Find Relief After Trump Big Speech Look to MId-Caps for Momentum Large Caps are Value Stocks Gene Editing and Gene Therapy Provides New Theme Biotechs soared Friday immediately after Trump’s much-anticipated new drug plan speech which was going to address high drug prices and potentially bring more government intervention. The big concern…
Join Sophie Antal Gilbert, a Consulting Director at Russell Investments and Rob Kuharic an Investment Strategist for Tax-Managed, at Russell Investments, as they explore the 6 most common questions we hear from advisors about tax-smart investing.
That’s the law. OK, maybe not (unless you take all your legal counsel from bumper stickers). But there does seem to be one market law these days, which is that on those rare occasions when selling is allowed to take place, the S&P 500 shall go NO LOWER than its 200-day exponential moving average. Keep this…
The good news is: The secondaries outperformed the blue chips again last week. The Negatives The market is overbought. The Dow Jones Industrial Average (DJIA) has been up for 7 consecutive days and the Russell 2000 (R2K) has been up for 6 consecutive days. Seasonality for the coming week has been, on average, negative. The…
Shares of Acacia Communications (ACIA) and Oclaro (OCLR), both suppliers to ZTE Corp. (ZTCOY), are on the rise after President Donald Trump tweeted that he was working to give the Chinese tech company a “way to get back into business.” ZTE had recently been blocked from buying U.S. components due to sanctions violations. TRUMP SEEKS…
Amid widespread volatility, the Wall Street is back in the green territory for the year. The impressive run in the stocks last week has helped the Dow Jones and the S&P 500 index to attain this level. Meanwhile, gains for the Nasdaq Composite Index expanded, taking the lead this year, climbing 7.2%. Tech Sector Boost…
Economic policy uncertainty as measured by the Baker, Bloom and Davis index is elevated (again) due to trade policy. Figure 1: US Economic Policy Uncertainty index (blue) and centered 7-day moving average (bold red). Source: policyuncertainty.com accessed 14 May 2018, and author’s calculations. Does this uncertainty matter? This article addressing just the Section 232 sanctions suggests the answer is “yes” (I must…
