“Davidson” submits: The Chemical Activity Barometer(CAB) reported at 97.44 this morning with previous months revised higher as 3Q US GDP comes in at 5%. Those who remain pessimistic are surprised with reports of stronger economic activity than expected. The CAB vs. SP500 (SPY) and vs. Establishment Survey (Non-Farm Employment) and Industrial Production are shown in…
Lots of smart people are wondering if Russia might adopt a gold backing for the ruble to strengthen its ailing currency and economy. The idea is even getting traction in mainstream news with a new article from CNBC. Alasdair MacLeod, an expert precious metals analyst, explains why Russia would favor a gold standard: There is no doubt…
The biotechnology corner of the broader health care industry has been one of the best performing U.S. sectors this year despite some temporary glitches and rough trading in between. Encouraging industry trends, increasing merger and acquisition (M&A) activities, expansion into emerging markets and ever-increasing health care spending led the sector to easily outperform the broader…
Let me start with one admission: I have no idea when the current slide in the oil price will end. I won’t insult your intelligence by putting out a price target because I – like everyone else — would be pulling a number out of thin air. Broad supply and demand imbalances do not cause market…
Shares of Vanda Pharmaceuticals (VNDA) surged as much as 15% in today’s session as Novartis (NVS) has agreed to give the rights of Fanapt, a schizophrenia drug, back to the company. Novartis had high hopes when it first acquired the drug back in 2009 but since then the company has not been happy with its progress. The dispute occurred…
Gold and silver were hit a bit today, with the miners taking quite the calculated plunge in the afternoon. It is all antics and reindeer games. Watch your stops and leverage. Have a pleasant evening.
Hhhmmm…. 1000 Points in 5 days… Dow 18,000… All-Time Record-er Highs… Best GDP In 11 Years… Shitty Durable Goods… Treasuries Crash… Crude Surges… Biotechs battered What Tepper is worried about… which fits with Yellen’s guidance for rate lift off… 5-Day run in stocks is best in over 3 years… Nasdaq underperformed today… and Trannies led (now…
The Personal Income and Outlays report for November was published this morning by the Bureau of Economic Analysis. The latest Headline PCE price index year-over-year (YoY) rate is 1.17%, down from 1.42% the previous month. The Core PCE index of 1.41% down from the previous month’s 1.53% YoY. As I’ve routinely observed, the general disinflationary trend in…
The US GDP for Q3 was revised upwards to 5% based on higher than expected spending on healthcare. Stocks had the usual upward bias, with the Dow being pushed towards a record close, with the 18,000 hats breaking out on the NYSE. Techs were laggards most of the day. Stock action seems heavy and sluggish,…
GOLD- Well, not a merry Christmas for Gold buyers just yet. We have said in our TMTF forecast service to watch 1190 as KEY support and 1241 would also need to be taken out on a closing basis before we could confirm a new uptrend in Gold and the end to the 5 wave bear…
