The Canadian dollar has been remarkably stable against the Swiss franc since the beginning of 2015, which was incidentally the time at which the Swiss National Bank broke the peg between the euro and the franc, causing the franc to strengthen significantly overnight. The CAD/CHF currency pair has traded inRead More →

Midstream was almost positive week over week, but had to settle for two days of positive performance in a row. The MLP Index nearly recovered from Monday’s 2.2% decline, its worst day since mid-August, with a 2.2% gain Thursday, its best day since late August. MLPs have now been negativeRead More →

Investment thesis: Biotechnology investors work on the assumption that news surrounding assets in clinical development impact company valuation significantly. Our analysis suggests that focusing on earlier events, such as Phase 2 and 3 data release, represents a stronger short-term, catalyst-based investment strategy in the biotechnology sector, relative to PDUFA events.Read More →

Originally published on August 19, 2019 The housing starts and permits report this morning for July adds to the positive data looking forward to H2 2020 (or, possibly, less bad – but that’s another discussion). First, here are overall permits (red) and starts (blue): While the very volatile starts declined,Read More →

It seems much of the news being reported on the market and the economy lately is falling in the negative category. With both the S&P 500 Index and the Dow Jones Industrial Average Index down a little over 5% in the month of May, and with only one trading dayRead More →