On December 12, Christine Lagarde put her responsibilities as president of the International Monetary Fund (IMF) to one side as she faced trial on official charges of ‘negligence by a person in position of public authority’. The charges relate to
December 13, 2016
Shares of Boeing (BA) are in focus on Tuesday morning after the company announced plans for a cut in 777 production to five planes from seven per month, beginning next August. Separately, the aerospace firm said it would raise its
Trump euphoria has clearly taken control of the U.S. stock market since Donald Trump’s surprising and historic victory on November 8, 2016. As of the close of business on December 9, 2016, the S&P 500 index has risen 5.84% and
The Bank of International Settlement asks in its quarterly report if there has been “a paradigm shift in the markets?” Although it does not provide an explicit answer, it does argue that there has been a significant change in sentiment. The chart of the
The Federal Reserve is set to raise the interest rate for the second time after the financial crisis, one year after the first, historic hike. That will not be a surprise and it is already baked into prices. The big question
In the old days, when a stock or a market index broke out of a trading range accompanied by some “oomph,” it was good thing. In fact, such an event was considered to be a strong signal that the move
In a research note, Citi analyst Jim Suva told investors that he expects Apple’s (AAPL) stock to trade higher in 2017, helped by an iPhone “super upgrade cycle” and beneficial tax reform, among other reasons. Commenting on the current iPhone
Photo Credit: Núcleo Editorial/Flickr.com The poster child of ride-sharing, Uber is the most valued private company with a valuation of over $60 billion. It has recently been investing heavily in self-driving cars. Early this month, it made its second acquisition in
With the Dow Jones less than 100 points away from 20,000, it is moot to say that the only sentiment driving the market here, with the S&P trading at 25x actual GAAP P/E, is adrenaline and pure euphoria. Just
Earlier this morning, November inflation numbers out of the U.K. were announced with both headline and core inflation figures coming-in above expectations. Headline CPI for the month of November printed at an annualized 1.2% figure versus expectations of 1.1% while
