August 29, 2025 7:42am

BREAKING: The personal consumption expenditures (PCE) price index increased a seasonally adjusted 0.2% in July and 2.6% for the year. Excluding food and energy, core PCE posted respective readings of 0.3% and 2.9%. Both were in line with expectations.

Equity futures fell on Friday as investors weighed the latest inflation data to grasp the state of the economy.

Never leave an investor uninformed … I say what others won’t, so you can do what others can’t!

TGIF and summer is over, bummer

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

Month’s end … sad to go

If the PCE forecast is on target, the yearly rate on inflation would tick higher to 2.9%, the highest rate since February. It would be the 3rd straight increase in the yearly rate. Some economists even forecast the yearly rate to jump to a 3% annual rate, which would be the highest since March 2024.

 

Thursday’s night’s … RegMed Investors (RMi):  sector dumps as indexes shrug, reacting to volatility … https://www.regmedinvestors.com/articles/14084

RegMed Investors (RMi) Research Note: Harvard Apparatus GT (OTCQB): Just another wrinkle – Q2/25’s 10-Q – liabilities exceed cash position … https://www.regmedinvestors.com/articles/13812

 

Friday: The pre-open Dow futures are DOWN -0.23% or (-103 points), the S&P futures are DOWN -0.24% or (-15 points) and the Nasdaq futures are DOWN -0.44% or (-104 point)

  • U.S. equity futures fell on Friday, 8/29
  • European markets were lower,
  • Asia pacific market traded mixed

 

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 +71.67 points or +0.16%, the S&P closed UP +20.46 points or +0.32% while the Nasdaq closed UP +115.019 points or +0.53%
  • Wednesday: The Dow closed UP +147.16 points or +0.32%, the S&P closed UP +15.46 points or +0.24% while the Nasdaq closed UP +45.87 points or +0.21%
  • Tuesday: The Dow closed UP +135.60 points or +0.30%, the S&P closed UP +26.62 points or +0.41% while the Nasdaq closed UP +94.978 points or +0.44%
  • Monday: The Dow closed DOWN -349.27 points or -0.77%, the S&P closed DOWN -27.59 points or -0.43% while the Nasdaq closed DOWN -47.243 points or -0.22%
  • For the week: so far … the S&P 500 is up 0.5%; the Dow is up 0.1%; the Nasdaq is up 0.1%

Economic Data Docket: PCE inflation, month over month, July (+0.2% expected, +0.3% prior); PCE inflation, year over year, July (+2.6% expected, +2.6% previously); "Core" PCE, month over month, July (+0.3% expected, +0.3% prior); "Core" PCE, year over year, July (+2.9% expected; +2.8% prior); University of Michigan consumer sentiment, August final reading (58.6 expected, 58.6 prior); wholesale inventories, month-over-month, July preliminary (+0.1% prior); MNI Chicago PMI, August (45.2 prior, 47.1 expected)     

 


Q3 – August - 11 negative and 9 positive closes

•             July – 1 market holiday, 13 positive and 9 negative 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.

  • I’ll pass; …. Yet another econ - PCE and more earnings releases, and the usual ups, downs and just plain uncertainty

 

The BOTTOM LINE:  Futures are LESS confused tether by yet another econ!

Putting to the test tomorrow with the release of the Personal Consumption Expenditures (PCE) index, the Fed's preferred inflation measure.

  • Expect core PCE inflation to peak slightly above 3% by the end of the year. With inflation drifting in the wrong direction and the labor market losing momentum, the Fed faces difficult trade-offs in balancing its dual mandate."

 

August: understand the “flow” …

  • 8/28 – Thursday closed negative with 15 positive, 17 negative and 3 flats
  • 8/27 – Wednesday closed negative with 16 positive, 17 negative and 2 flats
  • 8/26 - Tuesday closed positive with 25 positive, 9 negative and 1 flat
  • 8/25 – Monday closed negative with 4 positive, 29 negative and 2 flats

Last week:

  • 8/22 – Friday closed positive with 30 positive, 4 negative and 1 flat
  • 8/21 – Thursday closed positive with 22 positive, 12 negative and 1 flat
  • 8/20 - Wednesday closed negative with 14 positive, 19 negative and 2 flats
  • 8/19 - Tuesday closed negative with 5 positive, 28 negative and 2 flats
  • 8/18 - Monday closed positive with 18 positive, 17 negative and 0 flat

 

Earnings are still the highlight of the week: Meeting earnings expectation and/or missing consensus will deem share pricing outcomes.

  • Earnings:  4 net incomes and 25 net losses of 29 releases to date

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!”

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

  • 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.