Thomas Belesis CEO JohnThomas Financial

Wayne S. Kaufman Chief Market Analyst John Thomas Financial Morning Note

Stocks Keep Charging Forward, Wayne S. Kaufman Chief Market Analyst John Thomas Financial

Stocks continued their relentless rise Monday March 11, 2013 as the Dow Jones Industrials made another all‐time high while the S&P 500 printed another 52‐week high and is not far from its all‐time high set in October 2007. Since the November 16th bottom the S&P 500 has rallied 15.85%. The leading sectors Monday were Financials and Health Care, which are also the leading sectors year‐to‐date with gains of 11.78% and 11.76% respectively.

Friday’s better than expected payrolls report caused bond yields to jump, with the 10‐year note yield hitting the highest level since March 2012. This has caused the spread between equity and bond yields to narrow to levels not seen since April 5th, which was an important top for equities.

Read more: Wayne S. Kaufman Chief Market Analyst John Thomas Financial Morning Note

John Thomas Financial Continues to Break Ground in Pharmaceuticals

John Thomas Financial Continues Breaking Ground in Pharmaceuticals

John Thomas Financial an independent broker-dealer and investment banking firm announced back on July 19th of 2011 that the company had raised $40 million to take part in a private-equity deal for Kadmon's biopharmaceutical operations. John Thomas Financial is pleased to announce that it has raised an additional $20 million for the company. These proceeds from the equity placement will support Kadmon Corporation's ongoing operations, and build the Company's diversified research, development and commercial assets.

Read more: John Thomas Financial Continues to Break Ground in Pharmaceuticals