Soligenix (SNGX) pursues several treatments for rare diseases and other critical problems. It is always intriguing to watch new drugs develop in the hope they can make life easier for pain sufferers. The management team has the requisite background in drug development to make this company worthy of serious analysis. The company’s SGX942 drug for oral mucositis is one of their leading products. Research for the oral mucositis treatment market from 2014 showed a significant number of competitors with treatments in their development pipelines. The Oral Cancer Foundation notes that Amifostine and palifermin are currently used in limite...
The U.S. economy is likely to dodge a recession but good jobs will remain hard to find. The global economy is slowing, because the EU, Japan, China and other emerging economies can’t execute long overdue reforms. Burdened by debt and excess industrial capacity, most seem bent on cheapening their currencies through a combination of capital controls and monetary policies that drive interest rates into negative territory. Weak global demand and the strong dollar have delivered body blows to U.S. oil, mining and manufacturing. Along with a pullback in holiday spending, fourth quarter GDP registered a weak 0.7 percent. Oil prices will s...
This was not supposed to happen. None other than The U.S. Federal Reserve Bank of Dallas, in a research paper released in January, said that A drop in oil prices brought about by rising supply — like the current one — should boost global growth by up to 0.4 percentage points. “This is mainly due to an increase in spending by oil-importing countries, which exceeds the decline in expenditure by oil exporters,” the paper said. And of course, as Bloomberg reports, there is book-talker and status-quo-maintainer BlackRock Inc. Chief Executive Officer Laurence D. Fink. “The reality is 4 billion human beings are going to have ch...
As you may long know, T2108 is one of my favorite indicators. And that is saying something, considering that I really don’t much like indicators. But the T2108 is a great way of measuring the collective behavior and state of stocks across the board. With the T2108 you measure the percentage of stocks trading above their 40-day moving average. To say the least, it has been quite a struggle for stocks for the past year and has seen numerous patterns that suggest greater distribution is taking place in the market place with equities. As you’ll see below, the indicator, despite its best efforts, continues to put in lower-highs a...
Written by By Ken Ticehurst The S&P 500 has now more than likely entered a new bear phase which could well last for most of 2017 the monthly close signalled the probability that a multi month decline is underway. Since 2008 the S & P 500 has enjoyed one of its largest and longest and rises in modern times, our long term chart below shows this Bull Run in context. We had kept in mind the possibility of a final blow off top in 2016, and whilst one should never rule anything out, the probability seems to be diminishing, Our forecast is for the current rebound to run in to trouble somewhere around the 2000 area with a possible high aroun...
Treasury yields continue to fall, making mincemeat of the idea that the Federal Reserve will continue to raise interest rates this year. Everything could change, of course, if the incoming economic data turns out to be stronger than expected. The main event for this week: January payrolls, starting with today’s preliminary estimate for the private sector via ADP’s data, followed by Friday’s official numbers from the US Labor Department. Meanwhile, Mr. Market has been slashing rates across the Treasury curve in the wake of revived worries about economic growth. The 2-year yield—considered the most sensitive for rate expectations—has ...
According to the US Ministry for Finance, the country’s state debt by the end of January hit a record $19 trillion; 103% of the country’s GDP. Under the Obama administration, the debt has almost doubled: at the moment he was elected, state debt stood at $10.6 trillion. This has given rise to republican accusations that Obama has been mismanaging state funds. The White House has rejected these claims, explaining the rise as a result of actions to fight off the economic crisis which erupted under republican George Bush. In 2017, the US will again see state debt levels rising, although this has become something of a norm over the past few ye...
Yahoo (YHOO) shares fell Tuesday after the company reported its fourth quarter results and announced a strategic plan to simplify the embattled Internet firm. WHAT’S NEW: Yahoo reported Q4 earnings per share of 13c, in line with analyst expectations of 13c, and revenue of $1.27B, against consensus estimates of $1.19B. Yahoo also reported Q4 display revenue was up 13% year-over-year to $601M, while gross search revenue was down 7% to $866M. The company indicated that the number of ads sold during the quarter rose 8%, while price-per-ad increased 6% and paid clicks fell 10%. The company also provided first quarter and fiscal 2016 guidance...
The return of risk aversion carried over from US hours and into Asian trade. The sentiment-linked Australian and Canadian Dollars are underperforming, with prices tracking steep declines across regional stock exchanges. The anti-risk Japanese Yen is trading broadly higher. The New Zealand Dollar has managed to diverge, registering modest gains following a better-than-expected set of fourth-quarter employment figures. The jobless rate unexpectedly fell to a seven-year low of 5.3 percent. The Kiwi rose alongside front-end bond yields, hinting the upbeat data release weighed against RBNZ rate cut speculation. Looking ahead, UK PMI fig...
The US dollar is sporting a softer profile today as the global capital markets are trying to stabilize. Oil prices have steadied, with WTI back above $30. Bond markets are narrowly mixed though the 10-year US Treasury is steady near 1.85%. Asian and European equities followed US markets lower, but American equities have stabilized, and ahead of the ADP employment estimate and the ISM for non-manufacturing, S&P 500 is set to open slightly higher. The dollar continued to shed the Kuroda-inspired gains against the yen, falling to JPY119.25 in the European morning. We see near-term risk extending to the JPY118.50-JPY118.80 area. A...