Action to Take: Sell Shares of AIM ImmunoTech Inc.
The market tumbled Monday as investors expressed worry over recent protests in China due to the country’s COVID lockdown policy.
Read MoreThe market tumbled Monday as investors expressed worry over recent protests in China due to the country’s COVID lockdown policy.
Read MorePosted by paul kranowitz | Nov 1, 2022
In October, international investors pulled $7.9 billion out of China’s equity markets — the second-largest monthly drawdown in Chinese market history. The pullout picked up last week after Chinese President Xi Jinping won a third term as the country’s leader. Yesterday, the Nasdaq Golden Dragon China Index pared nearly all of its gains from a short rally last week. For the month, the index tracking Chinese-based stocks traded in the U.S. has fallen more than 25%.
Read MoreAfter opening the week strong, the market started to fall on Wednesday as Treasury yields hit fresh highs.
Read MorePosted by paul kranowitz | Oct 12, 2022
It’s been a rough year for the Nasdaq Composite Index. In the first 10 months, the index is down 33.9%, while the S&P 500 has shed 24.7%. New limits on how much U.S. semiconductor companies can sell their products to China created a significant headwind … pushing the Nasdaq to a two-year low yesterday. Two of our positions reached their stop price at the close yesterday, so we’ll follow our discipline and sell today.
Read MorePosted by paul kranowitz | Sep 27, 2022
Last week, the Dow closed Friday at its lowest point of the year … days after the Federal Reserve announced a 75 basis-point hike in interest rates. The S&P 500 followed suit yesterday by notching a new closing low for the year after falling 1% on the day. One of our positions reached its stop price at the close yesterday, so we’ll follow our discipline and sell today.
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