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P&G’s vitamin boost could signal more to come

“P&G was in talks with Pfizer about buying the U.S. drugmaker’s consumer health business, CNBC reported earlier this month” reports businessinsider.com. A spokeswoman for P&G declined to comment on the company’s strategy to expand its vitamins, minerals and supplements business. Bernstein analysts noted that the Pfizer business “may still be an acquisition candidate (for P&G) since it doesn’t seem to raise anti-trust concerns on the surface.”. P&G already owns consumer health brands including Vick’s, Metamucil and Pepto-Bismol. Source: businessinsider.com Share This:

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Markets News Stocks 

US stocks may be done outperforming the world

“Since putting in a major bottom in 2009, the U.S. equity market has dramatically outperformed the rest of the world” writes Jesse Felder for businessinsider.com. The bottom line is U.S. stocks are not just extremely expensive relative to their own history, they are extremely expensive when compared to every other stock market around the world.The U.S. stock market is now the most expensive developed market in the world.Currently, we see the opposite momentum signal. Source: businessinsider.com Share This:

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Markets News Stocks 

There’s a major shift occurring that could signal the end of the historic bull market

“During the nine-year bull market growth stocks have outperformed value by about 50% as measured by the Russell Indexes” writes Kara Chin for businessinsider.com. Over the past 12 months, growth stocks have delivered nearly five times the performance of value stocks.The price-to-forward earnings ratio for growth stocks is over 30 while value stocks have a forward P/E under 20.According to analysis from Fidelity Investments, valuations on growth stocks are significantly higher than value stocks.Two Fidelity portfolio managers have also commented on this shift. Source: businessinsider.com Share This:

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Crypto News 

Bitcoin is flashing a rare buy signal, crypto hedge fund manager says

“The worst could be over for bitcoin, according to one of the best-known cryptocurrency hedge fund managers” writes Kate Rooney for cnbc.com. The firm saw the value of its cryptocurrency fund cut nearly in half in March, according to an investor letter published earlier in April.Morehead, whose firm returned 25,000 percent the year bitcoin hit its all-time high, said $6,500 was the bottom for this bear market.The hedge fund highlighted that since Dec. 1, its Digital Asset Fund was only down 3.1 percent net of fees, compared with bitcoin, which…

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News 

Dow transports extend surge to keep defying Dow Theory sell signal

“CHRW, +3.72% as the index continue to defy the Dow Theory sell signal that was triggered last week” writes Reporter Editor for marketwatch.com. Since the Dow Jones Industrial Average DJIA, +1.23% had closed below its February low on March 23, the widely followed century-old Dow Theory suggests a new downtrend has begun.The Dow Jones Transportation Average DJIA, +1.23% shot up 247 points, or 2.4%, led by surges in the shares of truckers J.B. Hunt Transport Services Inc.On Monday, the Dow transports are rallying for a third-straight session, and a fourth…

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Markets News Stocks 

Why tighter credit condition may spell trouble for stocks

“The credit spread signaled the last recession, widening a full year before the recession hit in 2008” writes Anora M for marketwatch.com. That could change should credit conditions deteriorate,” he said.Should the spread widen further, it would signal tightening of credit conditions,” he said.For now, however, Ablin is sanguine about staying invested in equities. “Favorable credit conditions along with a favorable economic backdrop, reasonable equity market valuations and positive momentum are keeping us engaged in equity risk-taking. Source: marketwatch.com Share This:

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News 

Trouble Detected in Infamous Dark Matter Signal

“After taking data for six earthly orbits, the team reports that they continue to see a seasonal signal consistent with dark matter” writes Natalie Wolchover for quantamagazine.org. Bernabei reported an annual modulation in lower-energy nuclear recoils that was broadly similar to the signal for higher-energy recoils.Instead, neither shift is seen in the DAMA/LIBRA-phase 2 data, “which is difficult to explain with dark matter,” said Jonathan Davis, a theoretical physicist at King’s College London. Source: quantamagazine.org Share This:

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Markets News 

Dow surges 430 points, defying a bearish ‘sell signal’—here’s a theory as to why

“A sell signal was set in motion when the Dow Jones Industrial Average DJIA, +1.79% and the Dow transports DJT, +1.08% put in a low beneath a recent nadir” writes Mark Decambre for marketwatch.com. The Dow Jones Transportation Average on Monday closed below its Feb. 9 closing low, propelled by a slump in the final hour of trading, and crystallizing what market technicians refer to as a bearish Dow Theory sell signal.However, markets closed sharply higher on Tuesday, with the Dow finishing about 430 points higher, seemingly shaking off the…

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Markets News 

Dow surges nearly 400 points, defying a bearish ‘sell signal’ — here’s a theory as to why

“A sell signal was set in motion when the Dow Jones Industrial Average DJIA, +1.78% and the Dow transports DJT, +1.01% put in a low beneath a recent nadir” writes Mark Decambre for marketwatch.com. The Dow Jones Transportation Average on Monday closed below its Feb. 9 closing low, propelled by a slump in the final hour of trading, and crystallizing what market technicians refer to as a bearish Dow Theory sell signal.However, markets were off to the races on Tuesday, with the Dow up nearly 500 points, seemingly shaking off…

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Markets News Stocks 

Bank of America knows what it’ll take to send the market into a ‘full bull detox’ — and we’re dangerously close

“Another sign the bull detox has yet to befall the market can be seen through BAML’s proprietary Bull & Bear indicator” writes Joe Ciolli for businessinsider.com. For the bull detox to truly take hold, credit spreads will have to widen significantly, which could in turn signal a “decisive crack” in equities, he argues.It’s this removal of accommodation that Hartnett thinks will ultimately send the market into what he calls a “full bull detox,” or a reversal of the risk-seeking behavior that has characterized it for so long. Source: businessinsider.com Share This:

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