August 11, 2023 7:53am
Traders awaited wholesale prices data and mulled over July’s consumer inflation report
If you’re looking for sector intel, ideas and facts or Insight in a volatile climate, RMi defines the extenuating factors of share pricing.
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8:00 a.m. edition
Remember that overnight and pre-open actions in futures don't necessarily translate into actual trading in the coming day’s session. My interpretation of the morning’s numbers is written to be informative; it’s built on what will happen behind the headlines today, not tomorrow or yesterday
Dow futures are UP +0.03% or (+9 point), S&P futures are DOWN -0.03% or (-1 points) and NASDAQ futures are DOWN -0.11% or (-16 points) early in the pre-open – so far
U.S. stock futures traded near flat Friday,
European markets were lower,
Asia-Pacific markets were mixed.
Henry’omics:
We need to more than consider the economic environment - rising rates and inflation to comprehend the micro re “our” universe of cell and gene therapy companies …
Thursday, indexes notched small gains, but were far off the session’s highs. The Dow added 52.79 points, or +0.15%, while the Nasdaq gained 15.97 points or +0.12% while the S&P 500 barely ticked up 1.12 points or +0.03%.
Economic Data Docket: more economic data to come on Friday. July’s producer price index data will be out at 8:30 a.m. ET, while preliminary consumer sentiment data for August is due at 10.
Thursday’s (8/9) RegMed Investors’ (RMi) closing bell: “Thursday was supposed to be a “show me the money session” ended a slipping session” … https://www.regmedinvestors.com/articles/13073
Ebb and flow:
Q3: August – 2 positive and 6 negative closes
· July - 1 holiday, 12 positive and 8 negative close
Q2/23 -
· June -1 Holiday, 8 negative and 11 positive closes
· May – 10 negative and 12 positive closes
· April ended - 1 holiday, 8 positive close and 11 negative closes
Q1/23 –-
· March – ended with 10 positive and 13 negative closes
· February – 1 holiday, 2 vacation, 7 negative and 8 positive closes
· January – 2 holidays, 11 positive and 9 negative closes
Companies in my headlights – It’s your decision; I provide ideas and context: INDICATIONS
I am parsing on making any forecast, let the sector roll, stroll or tumble;
The BOTTOM LINE:
I follow the dictum, quoting Churchill that “short words are best, and the old words when short are best of all, as I try to keep it simple and short!
A very appropriate quote, “You don't do well by trying to be right; it is impossible for humans. You do well by figuring out when you're wrong faster than others do.” <Nassim Nicholas Taleb>
The cell and gene therapy sector suffered 2 positive and 6 negative closes so far in this early August.
There's ALSO nothing wrong with standing pat in the short run, holding on to sizable existing exposure.
I hate to be so negative or contrarian but, this is a NO spin zone and truth is its product; I can always be WRONG but, I am mostly EARLY!
Opinions expressed are those of the author and are subject to change, and not intended to be a forecast of future events, a guarantee of future results, nor investment advice.
All investments are subject to risks. Investors should consider investment objectives.
Whether information or intelligence is good, bad or somewhere in between; I put into context what is relevant and useful for investors. All investments are subject to risks. Investors should consider investment objectives.
Regulation Analyst Certification (Reg AC): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.
Henry McCusker, the editor and publisher of RegMed Investors could hold or have positions securities referred to in this publication and he will NOTIFY investors of holdings.
