Kite Pharma Is Flying High
Kite Pharma has been a bright light in a rather dim biotech sector. Just look at its performance since the gap up in June. It has risen a whopping 80% – even the dog days of summer cannot slow it down. Because this stock has barely had a pullback, it’s been difficult to get on board. […]
UK Revised GDP Q2 Confirmed At 0.3% Q/Q, 1.7% Y/Y – GBP/USD Retreats
The slow growth in the UK is confirmed in the second release: 0.3% q/q, 1.7% y/y. A disappointment was seen in the preliminary measure of investment: 0% against 0.2%. Services met expectations with 0.5%. Mortgage approvals came out at 41.6K, similar to previous levels. GBP/USD is slipping under 1.28, which it struggled to recapture earlier. […]
Making Way For The ‘Whales’ Of Cryptocurrency Markets
Audio Length: 00:40:09 Bobby Cho is a cryptocurrency trader at Cumberland Mining—which is a company of DRW Trading. Ever since getting involved in financial markets, during 2008, Bobby has gravitated towards mostly illiquid/difficult-to-trade products… So, in some ways, it was inevitable that he would begin to explore Bitcoin and other cryptocurrencies. This was around 2013, […]
Brazil’s Big Comeback: EWZ Breaks Out
What a difference three months makes. On May 18th, I wrote “Trading Panic: Rushing Past the Exit from Brazil” to explain why I bought the big dip in iShares MSCI Brazil Capped ETF (EWZ) after Brazilian President Michel Temer was accused of bribery. I greatly under-estimated the upside opportunity at the time, and I find […]
S&P 500 And Nasdaq 100 Forecast – Thursday, August 24
S&P 500 The S&P 500 has fallen a bit during the day on Wednesday but found enough support towards the end of the day to show signs of life again. There is a massive uptrend line just below, so I think that the buyers will return to the market given enough time. There is a […]
EUR/GBP At 8 Year Highs – Levels To Watch
EUR/GBP is trading around the highest levels since 2009, in the immediate aftermath of the financial crisis. The cross reflects the weakness of the pound in light of Brexit uncertainty and the resilience of the euro ahead of Draghi’s expected pre-announcement of QE tapering. 0.9237 has been the highest level seen so far in 2017. […]
The Top 20 Tech Companies By Revenue Per Employee
Whether the goal is to organize the world’s information or to build an algorithm that makes millions of lives easier, pretty much every tech company in existence aims to leverage software in some way to do the types of jobs that would otherwise be impossible or uneconomical for humans to do. Tapping into the […]
A Brief History Of The Bank Of England’s Endogenous Money Policies: An Ode To Roy Harrod
by Philip Pilkington Roy Harrod, usually remembered today for his part in the development of the Harrod-Domar growth model was also, so far as I can see, the most sophisticated monetary economist among the early Post-Keynesians. His book Money, designed as a sort of textbook put together over the years using his lecture notes, is a testament to […]
Indexes: Back Up
The title of this post is inspired by the widely-reported remark that Hillary Clinton considered making at the second Presidential debate (gee, THAT would have changed people’s minds about her, huh?). I’d like the indexes to “back up”, too, and, for the moment at least, they seem to be starting. Looking at international markets, it’s plain to […]
Hartford Bankruptcy Looms As CT Gov Admits “We Spent Money On Wrong Things”
Connecticut Governor Daniel Malloy is among the country’s least popular governors after forcing through two tax hikes that sent individuals and corporations fleeing from the state. Luckily for the state and its people, Malloy apparently has no interest in sticking around to take the heat when it comes time for the next hike: He has announced that he […]
