Archives by Month:

Archives by Year:

Teva Maneuvers To Match 30% Discounts For Generic Copaxone

Teva Maneuvers To Match 30% Discounts For Generic Copaxone

The major question surrounding Teva (TEVA) is how much Mylan’s (MYL) generic Copaxone will impact Copaxone sales. The answer to that question began to materialize after Mylan offered 25% – 30% discounts on generic Copaxone: Just how much Mylan’s generic of 40-mg multiple sclerosis blockbuster Copaxone ends up hurting Teva depends on the knockoff’s pricing, […]
Goldman Lowers December Rate Hike Odds After CPI Miss

Goldman Lowers December Rate Hike Odds After CPI Miss

Having been ahead of the market anywhere between 4 and 8 weeks as consensus caught up to Goldman’s view on December rate hike odds, which for months were materially higher than what the market implied, Jan Hatzius quietly emerged as one of the very rare Fed whisperers (this year) who has actually gotten what the […]
U.S. Dollar Drops, 2017 Down-Trend Continues As Inflation Disappoints

U.S. Dollar Drops, 2017 Down-Trend Continues As Inflation Disappoints

It was just a week ago that an abysmal NFP print helped to push the Dollar back into its 2017 down-trend. And throughout much of this week, the Dollar was offered lower as sellers re-gained control of near-term price action. But as we walked into CPI on Friday morning, a bit of strength had begun […]
USD/JPY Is Off The Highs – Forecast Oct. 16-20 2017

USD/JPY Is Off The Highs – Forecast Oct. 16-20 2017

Dollar/yen extended its losses from the previous week but remains entrenched in range. Mixed signals from the Fed weighed on the pair. The upcoming elections in Japan also cause confusion. What’s next? A lot depends on further Fed-speak. USD/JPY fundamental movers Fed hesitance The FOMC meeting minutes did not point to a “no hike” in December but certainly […]
ECRI Weekly Leading Index: “Consensus Plays Catch Up To Our Global Growth Call”

ECRI Weekly Leading Index: “Consensus Plays Catch Up To Our Global Growth Call”

Today’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 145.2, up 1.2 from the previous week. Year-over-year the four-week moving average of the indicator is now at 3.62%, up from 3.17% last week. The WLI Growth indicator is now at 1.2, up from 0.7 the previous week. “Consensus […]
CPI Misses, Dollar, Yields Fall

CPI Misses, Dollar, Yields Fall

Right, so CPI is the new NFP. I mean, basically. Nobody cares about NFP anymore. Especially not in the near-term as divining anything from the headline print is impossible due to hurricane distortions. That’s why the only thing that mattered in the September report was the AHE number. “It has become almost a cliche that […]
EUR/GBP Remains Vulnerable To The Downside On Bear Pressure

EUR/GBP Remains Vulnerable To The Downside On Bear Pressure

EUR/GBP- The cross remains biased to downside as it followed through lower on the back of its Thursday losses during Friday trading session today. Support lies at the 0.8850 level where a violation will turn focus to the 0.8800 level. A break will expose the 0.8750 level. Its daily RSI is bearish and pointing lower […]
E
                                                
                        Common Denominator Drivings Stocks Higher

E Common Denominator Drivings Stocks Higher

Trading Strategy Even the bulls were amazed as technology companies and financial shares push higher, and U.S. stock indexes hit fresh record highs. The common denominator that is driving the stock market higher is QE or Quantitative Easing, and it’s still far from over, and going to take a while to unwind the last 10 […]
Bull Market Remains Unfazed During Global Disasters

Bull Market Remains Unfazed During Global Disasters

Over the past quarter, North Korea successfully tested a hydrogen bomb; devastating hurricanes battered Texas, Florida and the Caribbean; political dysfunction in Washington featured more Russia controversy and significant White House staff turnover; Equifax reported a massive personal data breach; and the Fed indicated it remains on track to raise interest rates another 0.25% this […]
September Retail Sales: Up 1.6% MoM

September Retail Sales: Up 1.6% MoM

The Census Bureau’s Advance Retail Sales Report for September released this morning showed a slight increase over the August figures. Headline sales came in at 1.6% month-over-month to one decimal. Today’s headline number was slightly below the Investing.com consensus of 1.7%. Core sales (ex Autos) came in at 1.0% MoM. Figures were revised going back to August […]