I am back and need to catch up on the overall market and some sector news. I do want to focus today on a stock we all know and will.
The market is in an odd position in that it is doing well with macro having faded into the background. I would keep an eye on the Iran situation flaring.
A good finish to the week so far in the sector. I will try and keep this quick and to the point as it is a little delayed because of.
So that was unexpected. First, the market is down and sector is higher. Second, we got another large merger to digest. Obviously I will focus on the deal and its.
The sector continues to do well but we may have some additional macro coming with the Iran downing of an American drone in international waters. The market does not seem.
It is a good start to the week with merger Monday coming back the sector albeit with names we were not expecting. The XBI has been in a nice tight.
I am back but honestly we are entering the summer quite period with little news to drive the sector higher or lower. We did get a break from the macro,.
Are we bouncing or starting a new trend higher? Both are plausible explanations for the recent move as the selling has been pretty consistent and so a dead cat bounce.
Macro, Macro, Macro. No this is not a complete repeat of yesterday but it sure is looking like one. It would be really nice to have at least some time.
So I thought we were moving out of a macro dominated market but apparently spoke too soon. While China and Iran seem to be less and less in the headlines,.