1.Japan Still 15% Below Highs…Lagging in World Equities Rally
Japan ETF bounced just above 2016 lows.
Topley’s Top Ten – February 4, 2019
Topley’s Top Ten – January 31, 2019
Topley’s Top Ten – January 30th, 2019
1.Bloomberg notes The S&P 500 Equal Weight Index is trouncing the cap-weighted version YTD, putting up a total return of about 7.5% against 5.2%. That ~230 basis point gap is the largest in 27 years.
From Dave Lutz at Jones Trading.
Topley’s Top Ten – January 22, 2019
1.Record Biotech M&A Activity
SPDR Funds
After a record $53.4 billion in deals during 2018, M&A activity in 2019 has already broken that record, fueled by the $78 billion Bristol-Myers Squibb/Celgene deal and the $7.2B Eli Lilly/Loxo Oncology deal that are now likely to ignite further buyout speculation across the industry1
