This is a financial cold war—nothing more, nothing less. While there are billions of reasons to cut output, and every major producing country is reeling from the loss of revenues, some are weathering the current bust better than others, but
February 23, 2016
Historically, we’ve seen stocks correlated well as a ‘leading indicator’ for the US economy. That is considerably less the case now because of direct or indirect inventions by the U.S. Fed, as well as impacts from foreign central banks. They
On Tuesday Shares of PTC Therapeutics (PTCT) fell by 60% after it had announced that the FDA deemed the marketing application as insufficient for review. The company’s drug, known as Translarna, is being used to treat patients with a degenerative
There is no a trader alive who won’t fall down on his knees and thank the Heavens he didn’t get involved in commodities last year. I AM ONE OF THOSE TRADERS! It’s not that we were without opportunities. With every
Too much drama with the Brits these days, right? When will it end? How should you be trading British Pound Crosses? What the heck is up with the continued Japanese Yen strength? Don’t worry, I have an answer for all
There is a saying on Wall Street that the markets try to deliver the maximum amount of punishment for the most investors possible. They call this phenomenon the “pain trade”. In essence, the pain trade is when investors become so
Global equity markets had been rising along with crude oil prices. No more, at least not this day. Saudi Arabia oil minister quashed hopes of production cutbacks by saying such would not happen. That was a blow for bulls as
What Are Riskier Segments Of The Market Telling Us? The major U.S. market indexes got off to their worst start in history this year, which is a very strong statement. Are other areas of the market waving red flags as
Oilfield services stocks have been hammered by the free fall in oil prices from their peak in Q2 2014. Halliburton’s HAL cost containment measures and its proposed merger with Baker Hughes BHI have buoyed the stock. HAL is off about
Ira Epstein leads us through the day’s precious metal highlights. Video Length: 00:07:55
