IAC stock did a bullish flag breakout on October 27, 2017, with a bullish pocket pivot signal.
IAC stock is a strong seasonal play. Over the next 12 weeks, IAC/InterActive has on average historically risen by 9.6% based on the past 24 years of stock performance. IAC/InterActive has risen higher in 17 of those 24 years over the next 12 week period, corresponding to a historical probability of 70%.
TriplePoint Venture Growth BDC Corp. announced that certain investment funds managed by Goldman Sachs Asset Management purchased 1,594,007 shares of TPVG’s common stock in a private placement transaction at a purchase price of $13.54 per share, resulting in approximately $21.6 million of net proceeds. In addition, Goldman Sachs has agreed to purchase up to an additional 200,000 shares of TPVG’s common stock immediately following the additional issuance of shares of TPVG’s common stock in a registered offering or private placement.
Goldman Sachs beat on earnings and revenue. Goldman reported $5.02 earnings per share for the quarter, beating the estimate of $4.17. Revenue also beat coming in at $8.33 billion during the quarter versus the $7.59 billion estimate.
For the first time ever, Goldman Sachs disclosed its buyback target. Chief Financial Officer R. Martin Chavez said that Goldman Sachs Group expects to spend $8.7 billion repurchasing shares from investors.
Most investors and traders believe there is a stock market bubble right now but in a new Keiser Report (link above) Max Keiser makes a powerful argument that everything is in a bubble. The economics of supply and demand are not what's driving the market higher.
Stock Market Bubble
Central banks bought $15 trillion worth of bad assets from banks to keep the stock market bubble alive. Central banks could continue buying bad debt from banks and keep pushing the stock market higher. This is why we have real estate bubbles in countries around the world.
Too many auto loan defaults? The central bank will just come in and start buying up those bad auto loans.
What about the FANG stocks on Wall Street. Facebook, Apple, Netflix, and Google. These stocks can double again because there's no accountability. If you can collateralize a bubble and sell it to pension funds with the help of Goldman Sachs, and there's no law against it, then the economics of supply and demand is meaningless. There is no real price discovery. The entire market is based not on economics but on derivatives of derivative packages that are sold to pension funds.
Goldman Sachs just hired exchange owner Nasdaq Inc. to run its dark pool Sigma X stock-trading system. The Nasdaq has spent years working on “Ocean,” its dark pool hosting service.
Dark pools are similar to standard markets with one big exception; they can hide their activity by not printing the trades to any public data feed. If a regulatory agency requires dark pool trades to be printed to a public exchange, they will do so but with as large a delay as legally possible. In a dark liquidity pool, neither the price nor the identity of the trading company is displayed.
Dark liquidity pools offer institutional investors many of the efficiencies associated with trading on public exchanges but without showing their actions to others.
High-frequency trading (HFT) has long benefited from large blocks of equities moving. With a dark pool, institutional traders can move large block orders without showing the HFT community what they are doing.
Dark pools are run by private brokerages which operate under fewer regulatory and public disclosure requirements than public exchanges. Reuters writes…
Around 40 percent of all U.S. stock trades, including almost all orders from “mom and pop” investors, now happen “off exchange,” up from around 16 percent six years ago.
Nearly half of all U.S. stock trades, we are not even seeing! So much for paying extra for Level II access, you're still as blind as a bat!