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Archives by Year:
ImmunoGen Stock Nearly Doubled On Thursday: What Happened?
AbbVie says it will buy ImmunoGen for $10.1 billion in cash. Two analysts share their respective views on the announcements. ImmunoGen stock is now up over 500% versus the start of 2023. Shares of ImmunoGen Inc (IMGN) close to doubled this morning after AbbVie Inc (ABBV) said it will buy the cancer therapies company for […]
EUR/USD Hovers Around 1.0900 Amid Falling Inflation, Focus On ECB’s Lagarde’s Speech
Image Source: Pixabay EUR/USD finds support above 1.0900 on the softer Eurozone inflation data. Eurozone HICP eased to 2.4% YoY in November vs. 2.9% prior, the slowest annual pace since July 2021. Markets anticipate the Fed won’t raise rates at any of its upcoming meetings and might start cutting rates in the middle of 2024. Investors […]
Deeper OPEC+ Supply Cuts
Image Source: UnsplashWhat was agreed?After delaying their meeting due to a disagreement over 2024 production quotas for a handful of African members, OPEC+ finally met yesterday to discuss output policy for next year. Instead of seeing further cuts distributed amongst the whole group, it was left up to individual members to decide whether they would make […]
Current Analysis: Blue Owl Capital
Image Source: UnsplashBlue Owl Capital Corp (OBDC) is a specialty finance company and business development company (BDC) focused on providing direct lending solutions to U.S. middle-market companies.The company seeks to generate current income and, to a lesser extent, capital appreciation, by targeting investment opportunities with favorable risk-adjusted returns, including senior secured, subordinated, or mezzanine loans and […]
GOOGL On The Verge: A Bearish Turn Signals Potential Weakness In The Magnificent-7
Image Source: PixabayI mentioned on my tastylive show yesterday (and here, too, I think) that GOOGL was looking ready to turn lower. It put in a nice fat bearish engulfing pattern Wednesday, and it is following through with more weakness today.The entire market is quite dependent on the entire Magnificent-7, so any weakness among these overinflated superstars is […]
Charles Evans On The Fed’s 2024 Policy Review
Image Source: PixabayIt’s not hard to figure out what went wrong with the Fed’s FAIT policy initiative of 2020. Right after adopting a policy containing the phrase “average inflation targeting”, the Fed allowed the average inflation rate to diverge sharply from the roughly 2% average we saw during the period of 1991-2020. They adopted an asymmetric […]
Macro: Unemployment Claims
Image Source: PixabayWe are still at historically low levels of both initial and continuing claims. And we are concerned and watching as the trend looks to be on the rise. Weekly continuing claims continue to be above the 4-week average. We get concerned for the economy when this number goes from 2,000,000 to 2,500,000 but are […]
Bear’s Unprecedented Drop
November was a remarkable month for stocks, though equities have stalled out just below prior lows. That has not thwarted investor sentiment though. The latest sentiment survey from the AAII showed 48.8% of investors reported as bullish, up from 45.3% last week. That is now the highest reading on bullish sentiment since the first days of August […]
All About Cybersecurity Stock CrowdStrike And Its Competition
Image Source: Pixabay According to Cybersecurity Ventures, global cybercrime damage costs are expected to grow by 15% per year over the next three years yet 65% of small to medium businesses don’t think they are cyberattack targets, as noted in an OpenText 2023 Cybersecurity Global Ransomware Survey but once they realize they are putting their companies at grave […]
Stocks And Precious Metals Charts – Gold Speaks Uncomfortable Truths
The equity markets were divergent today, with the SP500 moving higher, but the tech-heavy NDX finishing decidedly lower.Gold fell, as the Dollar rose sharply.Silver rallied once again, in step more with the SP 500. It has the appearance of a short squeeze.VIX fell.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – […]
