Market Update:The Dow Jones Industrial Average and S&P 500 index turned positive for the year. Once again, the primary driver of this entire (and aging) bull market remains easy money from the Fed and other Central Banks. For all intents and purposes, the Fed adopted an easy money stance yesterday when they lowered their outlook…
Valeant Pharmaceuticals plunged more than 45% after the once high-flying Canadian biotech company reported earnings, slashed guidance and warned of a potential default. There are many important lessons investors can learn (or relearn) from the collapse in $VRX and I will cover three of them today.
Market Update:Markets are quiet as the world waits for the Fed meeting to end and the press conference on Wed. Most likely, the Fed will not raise rates tomorrow but, if we had to guess, we would suggest they will adapt a somewhat hawkish stance and say that financial conditions have improved since their last…
Stocks rallied nicely last week but it was another volatile week. The moves that are occurring in capital markets are wild. In fact, they are some of the largest moves (both up and down) we have seen in years. The wild moves are taking place across several asset classes with some of the largest swings…