βDespite the recent heavy rain events, NYC is still running below normal, which is bearish.β
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INTELRUNNER
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INTELRUNNER
Facebook remains the leading social media for news (as long as the Boomers persist). π± CHART WATCH π±
They surprised to the upside on earnings on Wednesday (+21.36%) and the price gapped up 11.51% on Thursday, giving only 26bp back before close.
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Regardless, most pharmaceutical giants reacted negatively. The VanEck Pharmaceutical ETF ($PPH) shed 3.2%. Eli Lilly ($LLY) was down 2.63%, Pfizer ($PFE) lost 2.18%, and Novo Nordisk ($NVO), pride of Denmark, fell 5.92%.
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Nonfarm payrolls increased 73,000 during July after rising 14,000 in June, revised from 147,000, and 19,000 in May, revised from 144,000. Expectations had been for a 102,000 rise in the Action Economics Forecast Survey. The three-month average change in payrolls of 35,000 compared to 64,000 in June.
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INTELRUNNER
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In fact, itβs now bigger than the consumer.
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