April 2017 - Page 29 of 169 -

US Dollar Gains As Tax Plan Hopes Rekindle Trump Trade

Apr 26, 2017 Jeremy Parkinson Finance 0

The Australian and New Zealand Dollars continue to sink as a recovery in Fed rate hike bets continued to weigh against rate spread-sensitive currencies, extending yesterday’s trade dynamics. Appropriately enough, the US Dollar outperformed, with the benchmark unit tracking Treasury bond yields upward. The markets interpreted the outcome of the first round of the French presidential election as neutralizing a potent risk […]

Le Pen Is The Last Thing Standing Between Equity Bulls And The Promised Land

Apr 26, 2017 Jeremy Parkinson Finance 0

The Trump-flation narrative has driven U.S. stocks to valuations last seen in the tech bubble. On a relative value basis, Europe is a bit more appealing. As a result, hedge funds have been increasing their equity exposure to Europe since early 2017. The Fed is also in the middle of a rate hiking cycle while […]

E Market Briefing For Wednesday, April 26

Apr 26, 2017 Jeremy Parkinson Finance 0

Sequential breakaway moves by the S&P 500 must be respected, while they are also (on-top of high valuation levels) a blow-off completion move capable of occurring. With the market advancing above the ‘pivot’ level we’d outlined there’s no disappointment, there’s just a sober view of what this is, and what this is not. What this […]

Global Market Cap Hits $50 Trillion For The First Time Ever As All Eyes Turn To Trump Tax Plan

Apr 26, 2017 Jeremy Parkinson Finance 0

After two days of back to back triple digit gains in the Dow for the first time since the election, overnight the torrid rally has faded, with European shares and U.S. stock futures little changed ahead of Trump’s big unveil of his much anticipated tax cut plan as investors seek new impetus for a flagging […]

If You Own Just One Pharma Stock, Make It This

Apr 26, 2017 Jeremy Parkinson Finance 0

As I’ve said before, buying a drugmaker stock with true billion-dollar “blockbuster” potential is like grabbing a license to print money. Of course, it’s always at least possible to grab these shares on their way up, but that’s a little like fixing the barn door after the horses have bolted. For the biggest possible pharma […]

Dollar Stabilizes Ahead Of Trump And ECB

Apr 26, 2017 Jeremy Parkinson Finance 0

The US dollar was marked down in response to the French election and saw some follow through selling yesterday, but the momentum had slowed, and now it is stalled. The greenback is posting upticks against nearly all the major currencies. There is a good reason to be cautious. We have mentioned it before, but think it is important that speculator […]

Above The 40 – The S&P 500 Follows Through And Scratches Overbought Levels

Apr 26, 2017 Jeremy Parkinson Finance 0

AT40 = 67.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 65.1% of stocks are trading above their respective 200DMAsVIX = 10.8 (volatility index)Short-term Trading Call: bullish CommentaryThe French Fly continued apace as financial markets continued to celebrate. In The French Fly, I failed to post a chart of the iShares MSCI France (EWQ). […]

Stock Markets At All Time Highs, EURJPY 4.1% Up This Week

Apr 26, 2017 Jeremy Parkinson Finance 0

USDJPY continues its wild rise touching 111.40 highs so far. Notably, the USDJPY was at 109 on Friday. Nevertheless, Reduced concerns over the French Presidential elections in combination with strong US data and optimism regarding Trump’s expected tax reform announcement today, kept the pair in high demand, as well as stock markets. Overnight positive earnings […]

London Property Crashed 40% Thanks To Tax Increase

Apr 26, 2017 Jeremy Parkinson Finance 0

The London housing market has crashed to its lowest level now since 2013. We reported in November 2015 with the turn in the ECM on 2015.75 that the London property market peaked. Landlords are joining together to challenge the Conservative’s (i.e. Tory’s) tax hike by filing a suit in the high court against their tax increase on “buy-to-let” investment properties. In July […]

When Restrictions On House-Building Meet Growing Demand: Interview With Joseph Gyorko

Apr 26, 2017 Jeremy Parkinson Finance 0

For a few years now, Joseph Gyourko has been doing research and writing essays with a focus on housing supply, and in particular, how a collision between local restrictions that hinder home-building combined with growing demand in those localities lead to differences in prices. In an interview with Hites Amir, Gyourko lays out these views […]