RegMed Investors’ (RMi) pre-open: Another econ, PCE

June 27, 2025 8:04am

Inflation data … moves which dial?

Breaking: Prices that consumers pay rose slightly in May, while the annual inflation rate moved further away from the Fed’s target < Commerce Department>

• The personal consumption expenditures price index, the Fed’s primary inflation reading, rose a seasonally adjusted 0.1% for the month, putting the annual inflation rate at 2.3%. Economists had been looking for respective levels of 0.1% and 2.3%.
• Excluding food and energy, core PCE posted respective readings of 0.2% and 2.7%, compared to estimates for 0.1% and 2.6%.
• Fed policymakers consider core to be a better measure of long-term trends because of historic volatility in the 2 categories.

No false narratives or fake news; to read insights and analysis on the latest sector action, check out Pre-Open Brief

Never leave an investor uninformed!

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

“I also 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!”

My interpretation of the morning’s numbers is written to be informative; it’s built on what happened to make “it” happen today!

Thursday’s night’s … RegMed Investors (RMi) Closing Bell: Econs cried havoc and let slip the algo dogs of electronic trading … https://www.regmedinvestors.com/articles/13976

RegMed Investors (RMi) Research Note: Harvard Apparatus GT (OTCQB): PONZI Scheme at its best or was convicted Bernie Madoff also resurrected … https://www.regmedinvestors.com/articles/13812

Friday: The pre-open Dow futures are UP +0.30% or (+133 points), the S&P futures are UP +0.26% or (+16 points) and the Nasdaq futures are UP +0.33% or (+73 points)

• Stock futures are rising Friday,
• European markets remained positive,
• Asia-Pacific markets were mostly lower

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

• Thursday: The Dow closed UP +404.41 points or +0.94%, the S&P closed UP +48.86 points or +0.80% while the Nasdaq closed UP +194.36 points or +0.97%
• Wednesday: The Dow closed DOWN -160.59 points or -0.25%, the S&P closed DOWN -0.02 points or -0.00% while the Nasdaq closed UP +61.02 points or +0.31%
• Tuesday: The Dow closed UP +507.24 points or +1.19%, the S&P closed UP +67.01 points or +1.11% while the Nasdaq closed UP +281.56 points or +1.43%
• Monday: The Dow closed UP +374.96 points or +0.89%, the S&P closed UP +57.35 points or +0.96% while the Nasdaq closed UP +183.57 points or +0.94%
• Last week: The S&P 500 lost -0.2%, Dow had a 0.2% gain and the Nasdaq advanced +0.2%
• The previous week: The S&P 500 lost -0.4%, the Dow fell 1.3% while the Nasdaq slid -0.6%

Economic Data Docket: inflation reading, traders will also monitor data on personal income, consumer spending and consumer sentiment                     

Q2 – June – 1 market holiday, 7 negative, 1 neutral and 10 positive closes

• May – 1 market holiday, 10 negative and 11 positive closes
• Q2 - April – 10 negative and 11 positive closes

Companies in my headlights – It’s your decision; I provide ideas and context

I post about “indication intelligence” looking toward investment conferences … to assist investors with insight into sector vulnerabilities and strengths.  A dictionary definition of “indicate” refers to something less than a certainty; an indication could be a signal of being oversold or overbought, a recommendation, or grounds for inferring or a basis for believing.

• Yet again, I am passing on forecasting the daily indications due to the effects of PCE onto expectation … it is still a mix of ups, downs and just uncertainty

The BOTTOM LINE: New week <6/23 to 6/27> 1^st session, Monday closed negative followed by Tuesday’s positive close to today’s Wednesday’s and Thursday’s negative close as uncertainty slows to month’s end <Monday, 6/30>.

Commentary from Barrons: a broader macro perspective …

• Stocks looked set to close the week in the green after President Donald Trump said the U.S. and China had signed a trade deal, bolstering hopes that a flurry of similar agreements would come before Washington’s July 9 deadline for reimposing tariffs. S&P 500 futures rose 0.3% and contracts tied to the tech-heavy Nasdaq 100 gained 0.4%, with both indexes on the brink of setting record highs.
• A week can be a long time in markets, and that’s been the case over the past few trading sessions, with investors’ focus shifting back to tariffs and Federal Reserve interest-rate cuts after the cease-fire between Iran and Israel eased fears that the crisis in the Middle East would spark a surge in oil prices.
• The market could also get more clarity on where interest rates are headed Friday given that the Federal Reserve’s preferred inflation gauge, the personal consumption expenditures index, is due out.
• Headline PCE is expected to have risen 2.3% year over year in May and just 0.1% month over month, according to FactSet consensus data.
• That would mark the third straight month of tame inflation readings—a trend Fed officials have pointed to as evidence that price pressures are moving closer to target.

Interesting Info this month of June: The M&A list evolves: Blueprint Medicine (BPMC) by Bristol Meyers (BMY), Sage Therapeutics by Supernus Pharmaceuticals (SUPN), CureVac (CVAC) by BioNTech (BNTX) and now Verve Therapeutics (VERV) by Eli Lilly (LLY)

June ’25: understand the “flow” of markets, the cell and gene therapy sector and economic karma…

• 6/26 - Thursday closed negative with 14 positive, 18 negative and 3 flats
• 6/25 - Wednesday closed negative with 14 positive, 17 negative and 4 flats
• 6/24 - Tuesday closed positive with 30 positive, 3 negative and 2 flats
• 6/23 - Monday closed negative with 15 positive, 16 negative and 4 flats

Last week:

• 6/20 - Friday closed negative with 14 positive, 18 negative and 3 flats
• 5/19 – Thursday was a market holiday
• 6/18 – Wednesday closed positive with 21 positive, 11 negative and 3 flats
• 6/17 - Tuesday closed negative with 10 positive, 23 negative and 2 flats
• 6/16 - Monday closed positive with 20 positive, 11 negative and 4 flats

Reiterating, “There are always some big ifs, especially given some of the headlines that could emanate after a past few months of news flatulence.

• Some believe in a “June Swoon;” however, June will be no better or worse than any other month. Although, I consider the so-called summer rally after the peripatetic or wandering.”

As always, brace ourself for more volatility, economics and their down trending affect?

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

• 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.
• I am more frequently right than consequentially wrong; if I wanted to be liked, I wouldn’t have been an analyst/journalist.

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 it’s 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.