March 29, 2024 8:55am

Inflation Progress Stalls, Fed’s Preferred Gauge shows the core PCE index rose 2.8% in February from a year earlier, matching the January year-over-year change.

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Remember that overnight and pre-open actions’ futures and global markets doesn't necessarily translate into actual trading in the today’s market session.

More frequently right than consequentially wrong

I also follow the dictum, quoting Churchill that “short words are best, and the old words when short are best of all.”

 

Henry’omics:

We need to more than consider the economic environment to comprehend the micro re “our” universe of cell and gene therapy companies …

The last Friday of the month and Q1/24 is a market holiday

Inflation rose in line with expectations in February.

Economic Data Docket:

  • The personal consumption expenditures price index excluding food and energy increased 2.8% on a 12-month basis and was up 0.3% from a month ago.
  • Including volatile food and energy costs, the headline PCE reading was 0.3% for the month and 2.5% at the 12-month rate, compared to estimates for 0.4% and 2.5%.

 

Thursday’s night RegMed Investors (RMi) Closing Bell: “Occam’s Razor”

… https://www.regmedinvestors.com/articles/13394

 

Q1/24: march – 8 positive and 12 negative closes

  • February – 1 market holiday, 11 positive and 9 negative closes
  • January: 2 holidays, 11 negative and 8 positive closes

 

Market closed for Good Friday holiday

 

The BOTTOM LINE:  Thanks, that markets are closed ... after critical report

Reiterating, inflation rose in line with expectations in February, likely keeping the Fed on hold before it can start considering interest rate cuts, according to a measure the central bank considers its more important barometer.

Fed chief Powell will give a speech at 11:30 a.m. ET, though he may not discuss the current economy or monetary policy.

 

Welcome to my world of defining the “grey’ in our universe!

  • Right up front, “I also hate to be so negative or contrarian but, this is a NO spin zone and facts are its product; I can always be WRONG but … I am mostly EARLY!”
  • The sector is what it is, until it isn’t and even then, it doesn’t seem to be… as NOT much changes as the sector’s share pricing rides the waves of volatility, algorithms, electronic trading and short covering.

 

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.