Having enjoyed a phoenix-like renaissance in 2018 so far, GE is tumbling in the pre-market, erasing 2018 gains, following reports that the company will record an after-tax charge of $6.2 billion in its fourth quarter results as part of an ongoing
January 16, 2018
Of the currency major pairs, EUR/USD and USD/CAD are probably the most interesting as both the euro and Canadian dollar are being driven higher, not only by chronic USD weakness but also by political factors. For eurodollar the strong move
Crude stuck between long-term Fibonacci resistance and 2015-high support. Source: INVESTING.com
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 +0.39%) are up +0.41% at a fresh record nearest-futures high as growth optimism fuels gains in global equity markets. Gains in technology stocks are leading the overall market higher as quarterly earnings season
The exuberance in the US stock market of late may or may not be irrational, but the party atmosphere in the value corner of equities (companies that are inexpensively priced) is subdued vs. the celebratory surge for growth shares (firms
The cryptocurrency market suffered a major setback last night. In just a 24 hour window, CoinMarketCap.com data tells that the industry’s total valuation shrunk from over $700 billion to under $550 billion. Of the top 100 coins as ranked by
The Trump economy is off to a strong start. Since the spring, growth in gross domestic product has averaged about 3% – much stronger than either during the Bush or Obama presidencies. This winter, consumers are likely to pull back
The chart below looks at Bitcoin on two different time frames. The chart of the left looks at Bitcoin over the past 5-years, reflecting that it remains inside of bullish rising channel (1), as the trend remains higher. It hit
Large Cap Biopharmaceuticals 2018 Performance after J.P.Morgan Healthcare Conference Here is an update of Large Cap Biopharmaceuticals Performance over the past 12 months. These numbers will be updated after all 2017 financials have been reported. Note that the IBB is a
Few would argue that the four most successful companies of modern times – at least from an American perspective – are Amazon.com (AMZN), Apple (AAPL), Facebook (FB), and Alphabet (GOOG) – better known as Google. All four have market capitalizations of above $500 billion dollars,
