It was looking bad for a while in early afternoon trading as bears looked to follow through on yesterday’s losses. Bulls did enough to finish the day in neutral territory, although the Semiconductor Index did not benefit from this late
May 12, 2016
After many prominent blow ups in the retail and consumer space in the past week, moments ago Nordstrom (JWN) was the latest casualty of the US consumer’s unwillingness to spend money when the company reported Q1 EPS of $0.26, missing
Investors may not like it, but they do own more stocks. The average investor equity allocation is now back to where it was around the 2007 market peak. This has some people worried that things are getting frothy once again.
In a strong bull market, higher volatility stocks tend to outperform lower volatility stocks. The PowerShares S&P 500 High Beta (SPHB):iShares USA Minimum Volatility (USMV) price ratio demonstrates how the bull market in equities has been giving way since the
Merger and acquisition (M&A) activities across a number of sectors were on a tear last year, with a record level of such activities. But the momentum for M&A – one of the major drivers of the stock market ascent in
With the US markets having provided the momentum for the opening it was not surprising that Asian equity markets opened with a reluctant bid. Earlier in the day we had heard from the IEA regarding oil supplies and although this was still
Photo Credit: Andy A long-held cult favorite on Wall Street, Apple has hit a few road bumps in 2016. Just today, shares of the tech giant slid under $90 for the first time in 2 years. Apple’s current losing streak is
Despite a the jump in jobless claims, the S&P 500 rallied to its 0.46% intraday high five minutes after the open and then sold off steadily to its -0.55% intraday low at the beginning of the lunch hour. An afternoon
“Don’t let what you cannot do interfere with what you can do.” –John R. Wooden Another choppy day as we go nowhere fast with earning nothing to write home about and markets seemingly on summer vacation already. I’m back to
Cliff Asness has a wonderful new piece on Bloomberg View discussing hedge funds. He basically argues that: Hedge fund criticism has been unfair largely due to false benchmarking. Hedge funds should hedge more. Hedge funds should charge lower fees. These are fair
