Today’s Focus: Yellen, Tepper, And Jobs
There are three items of note on this fine Wednesday morning. First, let’s remember that the FOMC is meeting next week. And while the market now expects Yellen & Co. to raise the Fed Funds rate target by 0.25%, traders don’t tend to make big commitments in front of important events. Next, billionaire hedge fund […]
Morgan Stanley Questions If Tesla Might Seek Partner Help To Meet Capital Needs
Morgan Stanley Adam Jonas noted that Tesla (TSLA) has historically brought in strategic partners at important points in its history to participate in its capital formation – pointing to its prior deals with Daimler (DDAIF), Panasonic (PCRFY) and Toyota (TM) – and he wonders if Tesla, which is targeting higher spending for its launch of […]
EUR/USD Awaiting Two Big Events
While the week had its share of action, the two big events are yet to come: the ECB and the NFP. This keeps tension high for EUR/USD traders. Worries about Brexit hurt the pound and the Aussie stabilizes for now. Is the Fed hike already priced in? This is a question that will accompany us […]
Childrens Place Inc. Reports Excellent Q4 Comps; 2017 Outlook Smashes Expectations.
Childrens Place Inc. (NASDAQ:PLCE) posted mixed fourth quarter earnings results, but its comparable store sales results were excellent, and its 2017 outlook smashed expectations.
Biotech Stock Roundup: Trump Tweet Hits Biotech Stocks, Concert Gains On Vertex Deal
Once again, a tweet kept the biotech industry on edge with President Donald Trump declaring that he is “working on a new system where there will be competition in the Drug Industry” and “pricing for the American people will come way down”. The tweet triggered a 1.6% decline in the Nasdaq Biotechnology Index in a […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, March 8
WTI Crude Oil The WTI Crude Oil market rallied during the day on Tuesday initially, but gave back quite a bit of the gains as we continue to see volatility in this market. It looks as if the area above continues to be resistive, but quite frankly I think that the Crude Oil Inventories announcement […]
Caterpillar Accused Of Tax, Accounting Fraud In Report; Stock Slides
The mystery of last week’s Caterpillar office raid by various US government agencies may have been resolved, after the NYT reported overnight that a report commissioned by the government, written by an accounting professor at the Tuck School of Business at Dartmouth, has accused the heavy-equipment maker of carrying out tax and accounting fraud. “Caterpillar did not […]
U.S. Treasuries: Who’s Buying, Who’s Selling?
One of the linchpins supporting the U.S. Treasury (UST) market in recent years has been the relative yield advantage against the rates that have existed among the sovereign debt of other G7 nations. In the post-U.S. presidential election landscape, fixed income investors have witnessed a back-up in G7 government bond yields on a global basis, and questions have arisen as to whether said […]
DJIA Today: Healthiest Of All The Indices
My Trading Journal for the DJIA Today: Nasdaq still doesn’t look so bad, Russell index does look pretty rough, the S&P 500 is giving up all of Wednesday’s market rally, but the DJIA managed to hold that 10-day moving average with a three day pullback that was quite shallow in nature. If it holds, who knows, […]
Calm Before The Storm: Euro, US Dollar Steady Ahead Of ECB, NFPs
Video length: 00:09:01 It’s another quiet morning on the DXY Index front, as market participants await tomorrow’s ECB rate decision and Friday’s US Nonfarm Payrolls report. While the European Central Bank rate decision is expected to be rather dull – no change in rates or the QE program are anticipated – the Euro has shown a proclivity to experience […]
