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Construction Spending Unexpectedly Declines

Construction Spending Unexpectedly Declines

Economists missed the construction spending mark by a mile this month. The Econoday consensus was for spending to rise by 0.6%. Instead, construction spending fell by 0.6%. Econoday finds strength in the numbers, I don’t. Strength in residential building makes for a better construction spending report than indicated by the headline 0.6 percent July decline. Driven by […]
Does The Jobs Report Change Anything?

Does The Jobs Report Change Anything?

The first Friday of a new month means one thing: The Jobs report. Viewed by many as the most important economic report of the month, the data on nonfarm payrolls and unemployment for August surprised to the downside. The Labor Department reported that the economy created 156,000 new jobs last month, which was below the […]
ISM Manufacturing Sizzles

ISM Manufacturing Sizzles

The weather may be cooling off, but today’s ISM Manufacturing report for August came in hot. While economists were expecting the headline reading to come in at a level of 56.5, the actual reading came in at 58.8. That’s the highest reading since April 2011!  It may not be the largest share of the US […]
Manufacturing PMIs, US Jobs, And Implications Of Harvey

Manufacturing PMIs, US Jobs, And Implications Of Harvey

As the markets head into the weekend, global equities are firmer, benchmark 10-year yields are mostly lower, and the dollar is consolidating after North American pared the greenback’s gains yesterday. Manufacturing PMIs from China, EMU, and the UK have been reported, while in the US, the August jobs data stand in the way of the long […]
This Indicator Says To Buy The Dips

This Indicator Says To Buy The Dips

One of the indicators I refer to when it comes to identifying whether we are still in a bull market or transitioning into a bear market is the Dow Theory. The Dow Theory is more than a century old, and it’s one of the most followed and studied market indicators out there. Simply put, the […]
The Only Thing Permanent Is Uncertainty

The Only Thing Permanent Is Uncertainty

For the last few months we’ve experienced some uncertain and unnerving events across the US and the globe. Presidential elections, threats of war, terrorism, and political arguing can make weathering your portfolio and financial plan uneasy, if not difficult at times. Add that to the daily responsibilities of your occupation, family, and finances, and we […]
Opiant Phamaceuticals – Chart Of The Day

Opiant Phamaceuticals – Chart Of The Day

The Chart of the Day belongs to Opiant Pharmaceuticals (OTCQB:OPNT). I found the pharmaceutical stock by using Barchart to sort today’s Top Stocks to Own list first by the highest Weighted Alpha, then I used the Flipcahrt feature to review the charts. Since the Trend Spotter signaled a buy in 7/6 the stock gained 41.88%. Opiant Pharmaceuticals, Inc. is a specialty […]
Tech Data Corporation Shares Crash On Lower Than Expected Earnings

Tech Data Corporation Shares Crash On Lower Than Expected Earnings

Tech Data Corporation, a company that distributes wholesale technology products yesterday reported their fiscal second quarter 2017 financial results. Tech Data reported adjusted second quarter earnings of $1.74 per share which fell short of analyst expectations of $2.06 per share. Tech Data reported second quarter revenues of $8.8 billion which beat analyst expectations of $8.71 billion.    […]
Biotech Digest – IMDZ Reports Data, JNJ Terminates Collaboration

Biotech Digest – IMDZ Reports Data, JNJ Terminates Collaboration

Top Pick of the Day: IMDZ Immune Design (IMDZ) announced interim top line data from a Phase 2 clinical trial assessing the combination of its CMB305 and Roche’s TECENTRIQ (atezolizumab) compared to TECENTRIQ alone in 88 soft tissue sarcoma patients. The data showed a treatment effect from CMB305. Data on the first 36 patients demonstrated […]
Equity Market Nears Record High And Investors Become Less Bullish

Equity Market Nears Record High And Investors Become Less Bullish

As the equity market nears a record high, both institutional and individual investors continue to indicate they are less bullish. The NAAIM Exposure Index continues to decline with long equity exposure down to 77%.   Yesterday’s AAII Sentiment Survey report showed bullish sentiment fell another 3.1 percentage points to 25% and now is below the minus one standard deviation […]