Note from dshort: I’ve updated my periodic look at the Philly Fed ADS Index through yesterday’s release, which included the latest Initial Jobless Claims (for the week ending December 13th). The Philly Fed’s Aruoba-Diebold-Scotti Business Conditions Index (hereafter the ADS index) is a fascinating but relatively little known real-time indicator of business conditions for the…
The fickleness of financial markets is truly amazing at times. Back in May, I suggested that investors were downright sanguine. I even cautioned that the markets may be too calm. But today, things are distinctly different… The price of crude oil has crashed. The Russian ruble is experiencing a proper currency crisis. Emerging markets are getting routed….
RXi Pharmaceuticals (RXII) announced today that is has obtained an exclusive global licensing deal for a phase 2 ready product known as Samcyprone. RXi is licensing the drug from Hapten Pharmaceuticals, LLC. Under the terms of the Agreement RXi will obtain patent rights and assets. In exchange for RXi obtaining Samcyprone the company will be…
RXi Pharmaceuticals (RXII) announced today that is has obtained an exclusive global licensing deal for a phase 2 ready product known as Samcyprone. RXi is licensing the drug from Hapten Pharmaceuticals, LLC. Under the terms of the Agreement RXi will obtain patent rights and assets. In exchange for RXi obtaining Samcyprone the company will be…
The Dow elected only the Daily Bearish on Monday not last Friday which was also a Weekly. Therefore, no Weekly Bearish has been elected leaving 17235 intact. Hence, a closing today above 17,758 today will be an indicator that higher highs are yet to be made. A closing above 17970 will signal a breakout to…
Canadian handset manufacturer BlackBerry Limited (BBRY – Analyst Report), reported third-quarter fiscal 2015 financial results wherein the bottom line outpaced the Zacks Consensus Estimate but the top line missed the same by a huge margin. Third Quarter Results in Detail GAAP loss from continuing operations in the third quarter of fiscal 2015 came in at $148 million or a…
I think this man must be worried. He has a huge weight on his shoulders. This is Thomas Jordan, the head of the Swiss National Bank. Mr. Jordan has excellent academic credentials. He’s a scholar, and a ‘lifer’ at the SNB: University of Berne, PHD Economics Department of Economics at Harvard University,three-year post-doctoral research. 1997…
Never in the history of the S&P 500 e-mini futures contract has so many contracts been traded at the market open… Thank you Johnny-5… Is everyone now long? Source: NanexLLC
Here is the news on the rumored buyout offer from the WSJ: SUZANNE KAPNER Updated Dec. 18, 2014 7:27 p.m. ET American Apparel Inc. has been approached by Irving Place Capital about a possible takeover, according to people familiar with the matter. Irving Place sent an expression of interest to the board of the Los Angeles…
The three-month average of the Chicago Fed National Activity Index (CFNAI) is expected to rebound to a +0.12 reading in the November update that’s scheduled for Monday (Dec. 22), based on The Capital Spectator’s median point forecast for several econometric estimates. The projection is moderately above the -0.01 reading for October, which reflected a fractionally…
