Author Archive: Jeremy Parkinson
NFIB Small Business Optimism Hits A 34 Year High
Say what you want about the pace of economic growth, but most small business owners are downright giddy and the most confident they have been in their careers. The latest evidence is the monthly sentiment survey of small businesses from the NFIB. In this month’s report, the headline index came in higher than expected, rising […]
Our Latest Oil Predicament
It is impossible to tell the whole oil story, but perhaps I can offer a few insights regarding where we are today. [1] We already seem to be back to the falling oil prices and refilling storage tanks scenario. US crude oil stocks hit their low point on January 19, 2018, and have started to rise again. The […]
Canada, China, Hong Kong Top BIS Worry List On Banking Crisis Risk
The Bank for International Settlements is a board comprised of 60 central bank heads around the world. As explained on their website here: at bimonthly meetings, normally held in Basel, Governors and other senior officials of BIS member central banks discuss current developments and the outlook for the world economy and financial markets. They also exchange […]
NFIB Small Business Survey: “Heating Up After Years On The Sideline”
The latest issue of the NFIB Small Business Economic Trends came out this morning. The headline number for February came in at 107.6, up 0.7 from the previous month and its second highest of all time. The index is at the 99th percentile in this series. Today’s number came in above the Investing.com forecast of 107.1. Here is an […]
Tame-flation Spike
The monthly CPI numbers came out, and even though prices are going higher, I guess the market was relieved. (CPI trend chart below from ZH): The moment the news came out, everything spiked “bigly” higher. At the moment, there’s still green everywhere, but somewhat faded. Looking at the daily picture, it’s not “lights out” for […]
BlueLinx Holdings Shares Soar After $413M Cedar Creek Acquisition
BlueLinx Holdings, Inc (NYSE: BXC) Shares of North American building products distributor BlueLinx Holdings climbed by more than 80% after the company announced that it would acquire Cedar Creek. The company reached a $413 million acquisition agreement with building wholesaler distributor Cedar Creek. The acquisition will result in the formation of one of the biggest […]
BiondVax Appoints CRO To Conduct Pivotal Clinical Efficacy Phase 3 Trial Of Its Novel Universal Flu Vaccine Candidate
Ness Ziona, Israel – March 13, 2018 – BiondVax Pharmaceuticals Ltd. (Nasdaq: BVXV), developer of the Universal Flu Vaccine candidate M-001, announced today the signing of a Master Service Agreement (MSA) with a contract research organization (CRO) to conduct the first pivotal, clinical efficacy, Phase 3 trial of M-001. Originally conceived in the lab of Professor Ruth Arnon at […]
Hit Me With Some More Goldilocks My Dude: Stocks Rise, Dollar Falls After CPI
Looks like people are going to go ahead and read the CPI print as further evidence that “Goldilocks” is alive and well. Coming as it does on the heels of February payrolls which delivered a blowout on the headline jobs print along with a miss on the average hourly earnings front, today’s inline CPI number is probably […]
USD Still Struggling At Key 90 Level
Despite last month’s rally the USD continues to have problems pulling away from the key 90 price point, as traders and investors now look to the 21st March FOMC meeting. And with Fed members now ‘in purdah’ ahead of this meeting we can only turn to the CME Fed watch tool, and the DXY for […]
Consumer Price Index: FebrauryHeadline At 2.2%
The Bureau of Labor Statistics released the February Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 2.21%, up from 2.07% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 1.85%, up from the previous month’s 1.82%. Here is the introduction from the BLS summary, […]
