Bonds & Interest Rates

Rally Stumbles on Fed Concerns

Stock and bond prices fell on Thursday as forecasts of a more aggressive Fed rate hike declined. This decrease in Fed expectations was driven by a couple of factors, most notably the European Central Bank’s (ECB) rate decision early on Thursday.

The ECB left interest rates unchanged, as widely expected, and also indicated the potential for a rate cut some time this year. However, ECB President Mario Draghi downplayed the need for more drastic easing measures by saying that the risk of recession in Europe is “pretty low.” This language was somewhat of a surprise to analysts and economists who were expecting a more dovish approach. The resulting speculation that the Fed may also be less dovish than expected at next week’s FOMC meeting pressured stocks and bonds….CLICK for complete article

Mylan, Pfizer’s Upjohn To Merge And Create New Company

Mylan shares are trading higher after it announced the launch of a new company with Pfizer’s Upjohn division.

Pfizer shareholders will own 57% of the combined new company, and Mylan shareholders will own 43%. The new company is expected to have 2020 revenues of $19 billion to $20 billion.

“The new company, which combines the unique assets of Mylan with the iconic brands of Pfizer’s Upjohn business, will not only accelerate our mission to serve the world’s changing health needs, but also further unlock the true value of our platform while delivering attractive returns to shareholders for many years to come,” said Robert Coury, Mylan chairman.

“Importantly, the combined organization will have a presence across nearly every continent and major market, establishing a new leadership position in Asia, and offering products capable of treating all major therapeutic areas.” CLICK for complete article

Prediction: No federal party will campaign on cleaning up the billions of tax dollars being wasted despite that Auditor General Michael Ferguson found that a huge amount of the money spent on government programs never reach the people they are intended to help.

SPECIAL OFFER from The Trend Letter

Martin Straith, founder of the Trend Letter is giving our listeners some great discounts to his subscriptions (see below), plus he will
donate $100, with $50 each going to the Kids Help Phone & Special Olympics. CLICK HERE to order and for more information

The Trend Letter = $599.95 $399.95 per year
A great track record dating back to 2002, a weekly publication covering global bonds, currencies,
equities, commodities, & precious metals. Timer Digest says: “Trend Letter has been a Timer Digest top
performer in our Bond and Gold categories, along with competitive performance for the intermediate term
Stock category.”

Technical Trader = $649.95 $399.95 per year
A premier hedging service designed to profit in a declining market. Includes our proprietary Gold
Technical Indicator (GTI)

Trend Disruptors = $599.95 $399.95 per year
A service for investors seeking to invest in advanced, often unproven technology stocks on the cheap,
with the objective to sell them when masses finally catch on. Covering Artificial Intelligence (AI), Virtual
Reality (VR), Augmented Reality (AR), 5G, Quantum Computing, Blockchain & many more

All 3 for only $899.95, any two for $699.95

China’s Nasdaq Minted Billionaires On Day 1, Then Crashed

Many everyday investors consider the tech-heavy NASDAQ the home of volatility and sky-high valuations. Well, its Chinese contemporary has just made its debut and is already looking to emulate those very qualities. China’s new tech exchange, STAR Market, made a flying start on Monday with stocks of 25, mostly technology, companies listed on the platform jumping 140 percent and making three high-profile investors overnight billionaires.

The frenzied buying helped total market capitalization to more than double from 225 billion yuan ($44.5 billion) to 529 billion ($104.7 billion).

test-php-789