The sector continues to struggle a little as we have a lack of leadership and the old leaders are faltering. This morning does not dissuade from this analysis but it.
The sector did not really have an encouraging day yesterday. Instead of broadening out the rally, the previous leaders slipped and nothing picked up the slack. There was a chance.
The trend is your friend barring anything new in the sector. It seems like we at least want to test recent highs if not break through them, although the sector.
The market is certainly providing a better backdrop and the sector is doing well in response. At this point the trend is your friend, although as I noted the other.
Macro might be a little bit of a drag on the sector today but it seems to be doing well this week despite the lack of M&A and some macro.
Between continued hawkish fed speak and a potential trade war, the market is going to have trouble getting its feet, which includes the sector. The market has been able to.
Last night was an interesting night (to put it kindly). One is more a stock reaction story and the other is an unknown-unknown story. Let us dive into these issues..
A slow start to the week, although the sector does not seem bothered by the lack of news or M&A to start the week. There is some additional earnings this.
A little pick up in the news flow but clearly the sector has been tied to the broader market in the immediate term. The spike in interest rates caused by.
There is some news to start the week but mainly some minor partnerships and some data. Not the large scale M&A that people always seem to hope for after a.
It is a pretty active morning for news, so I will dive right into the events as they are pretty interesting. I am not convinced that these will be enough.
The rule of thumb is that markets never bottom on a Friday but we at least got a short term bottom as the market rallied into the close. Whether this.
So it looks like we are going to be tied to the broader market for a little while. We are still in the middle of earnings (although most large caps.
A rough start to the week for the market but we do have some important data from BMY that will be the focus of this note. 1. Overall this was.
It looks like the correction continues. Fundamental news does not seem to be matter a lot this week, which seems like typical price action during a correction. This does not.
We had a nice little correction yesterday but while it was certainly a meaningful move compared to recent price action, it did not really remove any of the real fluff.
The sector remains strong. The market has weakened a little but the sector was still holding on. If the broader market weakness continues, it will eventually drag down the sector.
The market is relentless. Just as it is important to buy when the market seems to be going down forever, it is also important to sell on these sort of.
We are getting some biotech earnings but nothing that is dramatically thesis changing. We had a little consolidation yesterday and I would not be surprised to see it continue but.