March 2018 - Page 211 of 295 -

9-Year U.S. Bull Market Run: Will We See A10th?

Mar 10, 2018 Jeremy Parkinson Finance 0

Each candle on the following five charts of the Major U.S. Indices represents a period of one year. You can see at a glance that we’re still ensconced in a bull market that began in 2009 when the Fed first began their QE monetary policy. In fact, both Tech indices closed at new all-time highs on Friday and haven’t experienced much of a pullback, so far, this […]

SPX Intermediate Support Challenged But Holds

Mar 10, 2018 Jeremy Parkinson Finance 0

VIX challenged the two-year trendline and mid-Cycle support on Friday morning to complete an extended Master Cycle low. The correction finally appears to be complete and a rally above Short-term support/resistance at 15.82 may put the VIX back on a buy signal. The next Cycle Top may occur in the next 2-3 weeks. (ZeroHedge) Heading […]

$21 Trillion And Rising: How Central Banks Are LBOing The World In One Stunning Chart

Mar 10, 2018 Jeremy Parkinson Finance 0

Back in late 2016, we showed the unprecedented domination of capital markets by central banks using a chart from Citi, which had put together a fascinating slideshow asking simply “Where is the utility in marginal QE” and specifically pointing out that the longer unconventional monetary policy such as QE continues, the bigger its marginal cost, […]

Some Economics Of Place-Based Policies

Mar 10, 2018 Jeremy Parkinson Finance 0

When it comes to public policies for helping the poor, economists have tended to favor a focus on individuals who are poor, rather than on places that had a higher share of poor people. This seemed like a better way to target scarce public resources. There was some fear that if the focus shifted to […]

Canadian Dollar Relief Rally After Tariff Exemption

Mar 10, 2018 Jeremy Parkinson Finance 0

Canadian Dollar had a relief rally last week after the U.S. excluded Canada and Mexico from steel and aluminum tariffs. President Trump’s administration enacted these tariffs under section 232 Trade Expansion Act of 1982 on the ground of national security. President Trump said that the importation of steel and aluminum was “in such quantities and […]

Cursed By Momentum

Mar 10, 2018 Jeremy Parkinson Finance 0

Edgy Investors Although most investors have no edge on the market there’s a proportion of them that persist in trading actively, the main effect of which is to enrich their brokers. There are various explanations of why this occurs, but it seems to come down to some combination of inherent overconfidence and a perverse refusal […]

China Prices Include Lots Of Base Effect, Still Undershoots

Mar 10, 2018 Jeremy Parkinson Finance 0

By far, the easiest to answer for today’s inflation/boom trifecta is China’s CPI. At 2.9% in February 2018, that’s the closest it has come to the government’s definition of price stability (3%) since October 2013. That, in the mainstream, demands the description “hot” if not “sizzling” even though it still undershoots. The primary reason behind the […]

9 ETF Winners From 9-Year Bull Run

Mar 10, 2018 Jeremy Parkinson Finance 0

The bull market is now nine years old, overcoming a plethora of challenges including debt crisis, government shutdown, the Middle East conflict, geopolitical tension, Greece turmoil, China’s soft landing issues, Japan’s recession, a global slowdown, Brexit, the oil price carnage, and Trump’s protectionist stance. In fact, the S&P 500 index has risen nearly 302% from […]

Imaginary Wage-Inflation Conundrum

Mar 10, 2018 Jeremy Parkinson Finance 0

Economists are puzzled over the wage growth conundrum. Wages were supposed to rise significantly. They didn’t. Why? Let’s start with a look at the conundrum expressed in a Tweet. This is a confusing jobs report. US employers added the most workers since mid-2016, but hourly wages didn’t increase as much as analysts had expected. Bond […]

Why Is The US Economy Becoming More Stable?

Mar 10, 2018 Jeremy Parkinson Finance 0

I was reviewing Thursday’s Z.1 release from the Federal Reserve and all I could think to myself was “man, this is all so boring.”Boring is good in economic terms. It means there are no outlier sectors doing weird stuff that can create future instability. But this is all part of a broader theme that I’ve […]