The deadline for the spending bill was December 22. If nothing passed there would be a government shutdown. On Thursday, the government averted this issue as the House passed another short term spending bill which lasts until January 19th. This means
December 23, 2017
The biotech industry has been on the comeback trail in 2017 after facing a number of challenges last year including pricing pressure, rising competition, pipeline setbacks, pricing pressure, slowdown in growth of mature products and generic competition for certain key
The big crypto-crash on Friday saw bitcoin and its peers plunge, often at double-digit levels. Trading on bitcoin futures triggered circuit breakers on the CME Group’s exchange, already in the first week of trading. Yet after the big downfall, digital currencies experienced a
Here’s the thing: Goldman wanted to drive home the “Goldilocks” narrative one more time before Christmas. As a reminder, “Goldilocks” is the foundation upon which Wall Street’s constructive 2018 outlooks are built. There are only a few ways you can
Speculators have remained overwhelmingly bullish on the Australian dollar (FXA) for almost two years. Last week, they made a quick switch to net bearish positioning. Net contracts went from 40,720 net long to 12,660 net short. Open interest fell from
It is a well-established fact that the widely-diversified transportation sector including airline companies, railroads, truckers, shippers to name a few, has struggled for the better part of 2017. Sector participants have been plagued by a number of headwinds like disruptions
Yesterday’s triple-legged panic-selling across the crypto-space, which saw Bitcoin and Ethereum down 30 and 40% respectively at their worst ended around 10 am ET and while the mainstream media was happy to declare (once again) the death of Bitcoin et al., the entire
Look, I’ve got some bad news for you about Bitcoin: if history is any guide, what you saw on Friday morning (when everyone’s favorite “currency” that isn’t actually a currency in any sense of that word crashed below $11,000) is nothing
With the market now back to overbought conditions, it is now or never for the traditional “Santa Rally” between Christmas and New Year’s Day. If we go back to 1990, the month of December has had average returns of
