With Fed Chair Jay Powell implying that ’emerging markets are on their own’, it appears the collapse of Argentina’s currency has sent them running into the arms of The IMF to secure a bailout. Bloomberg reports that Argentina is said to have negotiate a $30 billion credit line with The IMF. This report follows Argentine President Macri addressing…
Shares of Ionis Pharmaceuticals (IONS) and its majority-owned spinout Akcea Therapeutics (AKCA) are sliding after the Food and Drug Administration posted its briefing document ahead of Thursday’s meeting to discuss the latter’s volanesorsen. The internal review reflected deep concerns about the safety of the drug. INTERNAL REVIEW: An FDA panel posted its briefing document ahead…
Top tickers for midday: GE, CTL, C, MU, AAL, TAHO, OCLR, SNAP, FLEX.
The latest JOLTS report (Job Openings and Labor Turnover Summary), with data through March, is now available. The first chart below shows four of the headline components of the overall series, which the BLS began tracking in December 2000. The time frame is quite limited compared to the main BLS data series in the monthly employment report,…
Yeah so on Monday evening we brought you a pretty comprehensive take on what’s at stake Tuesday with Trump’s Iran announcement. We highlighted some commentary from Barclays and went (back) over the apparent “sell the news” dynamic that unfolded Monday afternoon when oil careened lower following Trump’s tweet and also amid a series of headlines from Barak Ravid…
My Swing Trading Approach I added and subtracted from my portfolio yesterday. While, I would like to still be in an oil play going forward, I don’t want to be in one ahead of Trump’s Iran announcement. I’ll likely play it cautious ahead of the announcement at 2pm eastern. Indicators VIX – Flat session yesterday, but…
Suspicious fellow that I am, I’m afraid of even mentioning this, since I’m afraid to “jinx” the situation. However, waking up this morning and looking at our systems monitor, I am breathing a sigh of relief that, so far, things are silky smooth on the new site. What a sharp contrast to the blow-ups and…
The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future jobs growth, and the predictive elements show that the year-over-year growth rate of unadjusted private non-farm job openings improved. Analyst Opinion of JOLTS Data The headline seasonally adjusted view shows significant improvement in job openings. Although the unadjusted data analysis…
AMC Entertainment Holding Inc. rose in the after-hours session on Monday after the cinema giant first quarter earnings results finished above Wall Street’s estimates. AMC shares closed at $17.20 but after gaining 5.5% during the day. The share then gained 5.5% in the extended session after the announcement of the results. The movie theater operator had a superb…
One month after the number of US job openings reported by the JOLTS unexpectedly tumbled by 176,000 led by food service and construction workers, all it took was a month of revised data to set the seasonally-adjusted, statistically inferred US labor market back on track, and according to the latest JOLTS report, in March the number of job…
