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…
Did Bloomberg recently acquire The Onion and fail to announce it? Well, you have to read its lead paragraph about Brazil’s latest outlook twice to be sure: Analysts reduced to 0.55 percent their GDP estimate for 2015 from 0.69 percent the previous week, according to the Dec. 19 central bank survey of about 100 analysts published today. Apparently that’s a tradable data bite for some…
The US census bureau reports Florida Passes New York to Become the Nation’s Third Most Populous State I added the dashed red line to show the stagnation in Illinois. The Bureau Reports …. By adding an average of 803 new residents each day between July 1, 2013 and July 1, 2014, Florida passed New York…
Big Picture, Economy, Sprout Money 2015 promises to become a tough year for Russia. It is almost certain that the country will have to deal with a recession and the question is whether the ruble will be able to catch a break throughout the year. The currency has crashed dramatically as we all know. 2014 was…
This is simply stunning. Regular readers will recall that last month, at the same time as the U.S. Bureau of Economic Analysis reported was a far better than expected 3.9% GDP (since revised to 5.0% on the back of the previously noted Obamacare spending surge), it also released its Personal Spending and Income numbers for…
