【how to reset wifi on kwikset app】Market Morning: Stocks Lurch, Drug Price Hikes, Trump Caves, China Threatens
2019 Starts Off With a Lurch
Futures are down. Futures are way down. Thehow to reset wifi on kwikset app Nasdaq (
NASDAQ:QQQ
) leads the pack down by 2.6%, followed by the S&P 500 (
NYSEARCA:SPY
) down by 2%, followed by the Dow 30 at 1.98%. Of course by the time you read this those number will be completely different, which will attest to the volatility that is likely to be a key feature of 2019 as the pyramidal Ponzi-like debt superstructure that has supported the global economy for 10 years begins to quake. Gold (
NYSEARCA:GLD
) is up, approaching $1,290 an ounce, oil (
NYSEARCA:USO
) is down again below $45 but has not broken its lows at $42.36, and Asia is down across the board, led by the Hang Seng in Hong Kong down 2.75%. Europe is also down across the board, led by France (
NYSEARCA:EWQ
), down 2.4%, as they are still trying to figure out how to calm down the yellow jackets upset about taxes. Not the killer bees, but the people. Cryptocurrencies though are having a good start, with Bitcoin (
BTC-USD
) up 2%, the complex led by Ethereum, up nearly 6%.
Here Come the Drug Price Hikes
It looks like drugs are going to get
even more expensive
this year, to the shock of everybody except most people. Allergan (
NYSE:AGN
) leads with 10% increases on 25 products. Price increases are outpacing inflation, at least official “hedonically adjusted” inflation measured by the government. About 40 pharmaceutical firms have raised prices on hundreds of medicines by an average of 6.3%, over 2x the level of CPI inflation. To its sort of credit, Allergan had promised in 2016 to limit its price increases each year to being under 10%. Comforting. Though it’s hardly their fault. A decade of massive money printing will do that sort of thing.
Trump Caves In On Wall
Surprise. With the government “partially shut down” for 10 unbearable days causing insomnia all over the nation among other things, President Trump is
reportedly willing
to end the shutdown with the $5 billion he insisted for the his signature Mexican border wall. For his part, Trump has not yet tweeted about whether this development is “fake news” yet. In exchange for not getting the $5B for the wall, Trump will get $265B for shuttered government agencies that will be fired up again after the partial shutdown, expanding government once again. Funding will last until September 30
th
, which will probably be followed by another shutdown over something or other. The deal will probably pass the House, but not the Senate, where majority leader Mitch McConnell says that he will not pass anything that the President will not sign, which brings into question the entire assertion that Trump is open to a deal. Back to square one. Or zero. Depending on one’s point of view.
China Threatens Taiwan
In another bid to damage its own economy by spending resources on subduing an island, China’s now permanent leader until he dies, Xi Jinping, has indicated that he will use force to subdue Taiwan rather than let his citizens use those resources to expand the Chinese economy while it is under attack by Donald Trump in the ongoing trade war. At least Xi was open to conquering Taiwan peacefully, saying he is open to “peaceful reunification” which basically means he’s open to Taiwan paying taxes to Beijing without first resorting to war, which is encouraging. Taiwan’s President, Tsai Ing-Wen, rejected this proposition, and would rather not be under the control of China’s communist party. Meanwhile, China’s stock market (
NYSEARCA:FXI
) is doing really, really badly.
Business Insider Gets Coveted List of Bank of America 2019 Stock Picks
Business Insider somehow obtained a copy of Bank of America’s (
NYSE:BAC
) 11 stock picks for 2019. They supposedly have great fundamentals, though arguments could be made to the contrary. For a company that supposedly is awesome at picking stocks, the stock of the company itself isn’t doing well, having been static for over 20 years now, still stuck at 90’s levels. In any case, its top picks are Disney (
NYSE:DIS
), General Motors (
NYSE:GM
) , Molson Coors Brewing (
NYSE:TAP
), Exxon Mobil (
NYSE:XOM
), Morgan Stanley (
NYSE:MS
), CVS (
NYSE:CVS
), Raytheon (
NYSE:RTN
), Microsoft (
NASDAQ:MSFT
), and others you can
find here
.
Our commentary: Disney will follow the broader market, GM is reliant on ultra-low interest rates for sales, Raytheon depends on the federal defense budget, Molson Coors will also follow the broader market, Exxon Mobil is probably a good pick, Morgan Stanley will crash in a financial crisis, CVS may be alright relatively, and Microsoft will follow the Nasdaq.
The post
Market Morning: Stocks Lurch, Drug Price Hikes, Trump Caves, China Threatens
appeared first on
Market Exclusive
.
View comments
下一篇:The Gross Law Firm Announces Class Actions on Behalf of Shareholders of QD, LK and ALGN
相关文章:
- Dollar Up Despite Vaccine Approval and Possibility of U.S. Stimulus Measures
- Manganese X Receives Eligibility for DTC Trading in the U.S.
- ROSEN, A RESPECTED AND LEADING FIRM, Encourages GSX Techedu Inc. Investors to Contact Firm Before Deadline in Class Action Seeking Recovery of Investor Losses – GSX
- Did Apogee Enterprises, Inc.'s (NASDAQ:APOG) Recent Earnings Growth Beat The Trend?
- Mitch Gould and Nutritional Products International Welcome Record-Shattering GDP for Third Quarter
- When Can We Expect A Profit From Asmallworld AG (VTX:ASWN)?
- Should Value Investors Consider Dycom (DY) Stock Now?
- Key Things To Watch Out For If You Are After Richardson Electronics, Ltd.'s (NASDAQ:RELL) 6.7% Dividend
- Crown Crafts, Inc. to Announce Results for Fiscal 2020 Fourth Quarter
- Paycheck Protection Program (PPP) Loans
相关推荐:
- Is Ivy Small Cap Growth Y (WSCYX) a Strong Mutual Fund Pick Right Now?
- What Cineworld Group plc’s (LON:CINE) ROE Can Tell Us
- GOLO Mobile Inc. Retains Market Maker
- Comcast Stock Rises 3%
- MORNING BID-Between stimulus euphoria and virus dejection
- ValOre Initiates Multi-faceted Optimization Testwork at Pedra Branca and Receives Preliminary Platsol™ Metallurgical Recoveries of 93.4% for Palladium and 95.3% for Platinum
- NEWSMAKER-So near yet so far for Malaysia's Anwar
- JPMorgan Agrees To Acquire Tax-Smart Fintech Startup 55ip
- How Avadel (AVDL) Stock Stands Out in a Strong Industry
- ReSPECT Glioblastoma Clinical Trial Data to be Presented at 2020 Society for Neuro-Oncology Annual Meeting
- Bioreactors Market Research Report by Material, by Usage, by Scale, by Control Type, by Distrbution - Global Forecast to 2025 - Cumulative Impact of COVID-19
- Wall Street falls as coronavirus shreds U.S. payrolls
- Is Now An Opportune Moment To Examine Unicaja Banco, S.A. (BME:UNI)?
- How Bassett (BSET) Stock Stands Out in a Strong Industry
- Facebook warned it may lose a key seal of approval for ad measurement - WSJ
- Tokyo Stock Exchange Halts Trading For Entire Day Over Technical Glitches
- ETFs to the Rescue as Coronavirus Wreaks Havoc
- Here's How Long It Took Amazon To Reach A $100B Market Cap
- Avenue Therapeutics Announces Publications in Peer-Reviewed Journals
- When Can We Expect A Profit From Asmallworld AG (VTX:ASWN)?