June 7, 2024 7:46am

Following Thursday’s session review, “Sometimes you get and sometimes you get got”

A daily analytic read-out from RMi is constructed by specific warnings of challenging share pricing situations

The questioning of the (non-farm payroll) release “numbers – is there evidence of an economy slowdown that support interest rate cuts from the Fed

Never leave an investor uninformed

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

 

Friday: The pre-open Dow futures are DOWN -0.05% or (-21 points), the S&P futures are DOWN -0.08% or (-4 points) as the Nasdaq futures are UP +0.01% or (+1.50 points)

  • U.S. stock futures were mixed with little change on Friday as investors geared up for the latest nonfarm payrolls report.
  • European markets moved lower after the European Central Bank cut interest rates for the first time since 2019 on Thursday, in a widely expected move, despite nagging inflationary concerns.
  • Asia-Pacific stocks were mixed on Friday as investors looked at economic data from China and digested Japan’s household spending numbers.

 

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 +78.84 points or +0.20%, the S&P closed DOWN -1.07 points or -0.02% while the Nasdaq closed DOWN -14.78 points or -0.09%

Economic Data Docket: Nonfarm payrolls, May (+185,000 expected, +175,000 prior);

  • Unemployment rate, May (3.9% expected, 3.9% previously);
  • Average hourly earnings, month-over-month, May (+0.3% expected, +0.2% prior);
  • Average hourly earnings, year-over-year, May (+3.9% expected, +3.9% prior);
  • Average weekly hours worked, May (34.3 expected, 34.3 prior);
  • Labor force participation rate, May (62.7% previously)

 

Q2/24: 

June & Q2 – 2 positive and 2 negative closes

  • May – 1 holiday, 11 positive and 11 negative closes
  • April - 16 negative and 6 positive closes

 

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

I post about “indication intelligence” devoting my time to collection and analysis of information 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 is focused on inflation-oriented non-farm payrolls report and its resulting “numbers” the aftermarket fluctuated as the pre-open waits for the all-clear alarm …  it is still a mix of ups, downs and just unknowns.

 

The BOTTOM LINE:  The windsock indicates the direction of the wind of market forces

I remain a skeptic, as electronic trading remains the impetus to, I believe a cell and gene therapy sector getting artificial high and low” … as proven in past sessions!

  • If I have learned one thing as a former research analyst in a venture and public fund, operating executive, x-FBI, x-military officer and an adjunct business school (MBA) professor now a journalist; my life and your portfolio are largely tied to knowledge of price movements and questioning pricing targets and just about … everything.
  • As a quantamental “plotter” I equate myself to a quantitative analyst straddling fundamental stock picking to produce better results for investors. the term “quantamental,” blends the two styles setting forth my difference retail, trading and multiple investor categories.

 

There are too many knowns; yet, the few unknowns could be the case that the Fed has already been too tight for too long and the momentum of a cooling job market will be hard to stop once it starts.

Friday, keep your wallet in your desk draw and don’t push any buttons – buy or sell until the windsock a fills or flops as it is a basic indicator of wind speed and direction.

 

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.
  • Never forget, one of my usual lines. “The sector is … still what it is, until it isn’t and even then, it doesn’t seem to be … that is after taking a deep breath and holding it.”
  • 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 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.