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, […]
Bank Index – Testing 2007 Level, Breakout Or Double Top
The 2-pack above looks at the Bank Index (BKX) on a monthly and daily basis. The monthly chart (left) highlights that the index is nearing the price level where it peaked in 2007 at (1). From a long-term perspective, this is an important test for this index and the broad market in general. The daily chart (right) […]
Over-hyped And Underpriced
Traditional Markets Stock traders are becoming ever pickier lately as yesterday’s action clearly demonstrates. The Dow Jones is now suffering from Trump’s proposed metal tariffs, which could weigh down on industrial companies. However, tech stocks, which don’t rely on any sort of imports are flying. Here we can see the Dow Jones Industrial Average (in […]
