It’s Friday after a big post-Fed rally–time for some profit taking
Just enough bad news today to put an end to this week’s post-Fed meeting rally. As of 3:30 p.m. New York time, the Standard & Poor’s 500 was still up 1.3% for the week. But the index is down 0.48% today. Oil is off even more with West Texas Intermediate slinking 3.04%
Two acquisitions in a day: What is Allergan up to?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Who are the best positioned oil producers on cost?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Everything’s rallying after the Fed meeting
Yesterday, the Fed not only didn’t raise interest rates at its September meeting (a December increase gets odds of about 60%), but it also pointed toward interest rates rising more slowly in 2017 than projected in June. The Fed consensus now says two interest rate increases in 2017 rather than three. So the market got a present yesterday of lower rates for longer. Hence today’s rally
Pioneer Natural Resources says it will add rigs in second half–which is one reason the oil supply glut is so persistent
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
Why didn’t oil climb more on huge inventory surprise?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Fed does nothing on interest rates as expected; slows forecasted pace of increases in 2017
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Bank of Japan does even less than expected today
The Bank of Japan threw the country’s financial sector a bone today–not much more than that certainly. At its regular monetary policy meeting the Japanese central bank said it would keep its short-term policy rate at a negative 0.1% while working to keep the yield on the 10-year government bond near 0%
Bristol-Myers gambled and lost on a quick expansion of cancer drug Opdivo’s market–but there’s still good upside in the shares
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Looking for a tech stock this earnings season? Think Qualcomm
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...One more thing: Oil inventory report due tomorrow
I’ve got one more item to add to your “to watch” list tomorrow: the weekly report on U.S. oil and gasoline inventories from the U.S. Information Administration. Analysts are expecting a jump in oil inventories in the United States of 2.8 million barrels for the week ended on September 16. On the other hand, they’re expecting that gasoline inventories will show a 500,000 barrel decline
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