Consumer Prices Accelerate As Apparel, Car Insurance Costs Jump
January’s Core CPI spiked rates over 12bps but since then they have fallen back to almost unchanged and rallied into today’s February print, suggesting a miss. However, February CPI printed higher than January, rising 2.2% YoY as expected. However, Core CPI slowed from January to 1.8% (es expected). Drops in new and used vehicles, food, […]
February 2018 CPI: Year-Over-Year Inflation Rate 2.2%
According to the BLS, the Consumer Price Index (CPI-U) year-over-year inflation rate was 2.2 % – up 0.1 % from last month. The year-over-year core inflation (excludes energy and food) rate was unchanged at 1.8 %, and is below the target set by the Federal Reserve. Analyst Opinion of the Consumer Price Index Shelter, apparel, and motor […]
Madrigal Pharmaceuticals: What Is Going On?
Madrigal Pharmaceuticals (MDGL) had an incredibly very productive 2017, what is more, 2018 looks to be equally transforming. The stock has reacted in kind, moving from the mid-teens to $150 in a few months. However, it looks like the Street is using any, and we mean ANY excuse it can to sell the stock. At the […]
Trump Wants A Global Trade War, Instead, He’ll Get Economic Collapse
Alex Wong/Staff/Getty Images If This Is What “America First” Means, Then Prepare for Global Economic Collapse When Donald Trump started talking about enforcing tariffs and rebuilding trade barriers during his presidential campaign, few believed him. That is starting to change now, and the world fears he will do just that. By rewriting the rules of […]
EURUSD – The Anti-Dollar Returns?
After Mario Draghi’s speech at the ECB presser the euro seemed destined to correct towards the 1.2200 figure as the ECB Chief made perfectly clear that there would be no quick taper or monetary tightening on ECB’s agenda. But the pair has remained remarkably resilient holding bid underneath the 1.2300 figure and now looks destined […]
Manufacturing Jobs Are Overrated
One of the reasons that Donald Trump gives for slapping new protectionist tariffs on steel and aluminum is that it will create manufacturing jobs, and by extension, greatly enhance income growth and standards of living in the United States. Trump is capitalizing on an enduring myth of American economic history in which it is believed […]
5-Day Moving Average Is Now Above All Major Moving Averages
My Swing Trading Approach Looking to see if the morning gap up can hold early on. Multiple news pieces are hitting the market (Tillerson outster, CPI reading). I will look to add 1-2 new positions early on if the market holds it together. Indicators VIX – Broke its six day losing streak by popping 7.8% higher. […]
USD/CAD Can Still Manage A Move Towards 1.31
USD/CAD continues to respect the bullish channel it is currently in. Support at 1.28 holds, while price today managed to go towards 1.2865-75 where the previous support (now resistance) is found. A new move above today’s highs will strengthen the bullish scenario as price would have made a higher low and a higher high. In […]
February Jobs Report: 313K New Jobs, Surprises Forecast
Friday morning’s employment report for February showed a 313K increase in total nonfarm payrolls, which was much better than forecasts. The unemployment rate remained at 4.1%. The Investing.com consensus was for 200K new jobs and the unemployment rate to drop to 4.0%. Here is an excerpt from the Employment Situation Summary released this morning by the Bureau of Labor […]
Billion Dollar Unicorns: How Will Nutanix Control Dell?
San Jose-based Nutanix (Nasdaq: NTNX) was set up to deliver invisible infrastructure for enterprise computing. Its proprietary software-driven Xtreme Computing Platform converges compute, virtualization, and storage into a single solution to provide a simpler solution to the datacenter. The company was a pioneer in the development of a compute and storage infrastructure that could implement enterprise-class virtualization […]
