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Baker Hughes – North America Remains A Problem

Baker Hughes – North America Remains A Problem

Baker Hughes (BHI) delivered Q3 revenue of $3.79 billion, which hit analysts’ target on the button. After the company reported a sequential decline in revenue of 31% in Q1, I have been one of Baker Hughes’ biggest detractors. However, things may be looking up. I had the following takeaways on the quarter: North America Is […]
Good To Be King – Financial Review

Good To Be King – Financial Review

Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 162 = 17,568 SPX – 13 = 2063 NAS – 3 = 5098 10 YR YLD + .02 = 2.24% OIL – .08 = 37.57 GOLD + 3.40 = 1075.60 Back to back triple digit losses for the Dow and much of the […]
Fed’s Rocket Ship Turns Hoverboard

Fed’s Rocket Ship Turns Hoverboard

Over the past year, while the U.S. economy has continually missed expectations, Federal Reserve Chairwoman Janet Yellen has assured all who could stay awake during her press conferences that it was strong enough to withstand tighter monetary policy. In delivering months of mildly tough talk (with nothing in the way of action), Yellen began stressing […]
Daily Market Analysis Video – December 9, 2015

Daily Market Analysis Video – December 9, 2015

During the session on Wednesday, we have Crude Oil Inventories coming out, as well as the Unemployment numbers coming out of Australia. The Royal Bank of New Zealand has an interest rate announcement coming out, and more importantly a statement. With this, we could have quite a bit of volatility in the markets today. 1 […]
EURUSD Looks To Resume Short Term Uptrend

EURUSD Looks To Resume Short Term Uptrend

EURUSD:  Having taken back its Monday losses to close higher on Tuesday, EURUSD looks to resume short term uptrend triggered from the 1.0521 level. While the 1.0829/1.0796 zone continues to hold as support, the pair should build up on the mentioned short term uptrend. On the upside, resistance lies at the 1.0950 levels where a […]
Chart Of The Day: Crude Crashes To $36 Handle—OPEC Was All Priced In, Not!

Chart Of The Day: Crude Crashes To $36 Handle—OPEC Was All Priced In, Not!

Charts Show The Truth About Bernanke’s Abject Failure

Charts Show The Truth About Bernanke’s Abject Failure

In November 2010, Ben Bernanke wrote the following words in the Washington Post in seeking to justify his decision to renew Quantitative Easing. He started by giving credit to the first round of QE for spurring the initial recovery. It was as if the US economy had never recovered from recessions before without some kind […]
Global Trade Confirmations; Economy As Finance

Global Trade Confirmations; Economy As Finance

China’s trade estimates continue the trend of the global economy pushing closer to recession, assuming that it is not already there. We know that the lower part of the global supply chain below Chinese manufacturing and assembly, the resources and materials flow, has already been pushed beyond simple recession in some places, like Brazil, into […]
SP 500 And NDX Futures Daily Charts – It’s A Small World After All

SP 500 And NDX Futures Daily Charts – It’s A Small World After All

US stocks slumped hard this morning on the overnight news which was posted here that the Chinese import/export figures for November were simply awful. If Chinese exports were down sharply, what does that say about US domestic demand and likely retail sales? Let’s see if the US can strike a trend here ahead of the […]
Get This Health Care Analyst’s Take On The Drug Pricing Debate And Biotech Picks For 2016

Get This Health Care Analyst’s Take On The Drug Pricing Debate And Biotech Picks For 2016

This week we are pleased to be joined by our friend Joe McCann, founder of Slingshot Insights. In this episode, Leigh and Joe weigh in on the current debate over inflated drug pricing (starts at 3:23), discuss updates to the Martin Shkreli story, the disgraced CEO of Turig Pharmaceuticals that kicked off this whole controversy […]