March 2018 - Page 94 of 295 -

Morning Call For Thursday, March 22

Mar 22, 2018 Jeremy Parkinson Finance 0

Overnight Markets and News Jun E-mini S&Ps (ESM18 -0.74%) this morning are down -0.70% and European stocks are down -1.25%, both at 2-week lows, on global trade concerns as a person familiar with the matter said President Trump is set to announce today about $50 billion of tariffs against China over intellectual-property violations. European stocks […]

Carnival (CCL) Beats On Q1 Earnings, Raises FY18 Guidance

Mar 22, 2018 Jeremy Parkinson Finance 0

Carnival Corporation and plc CCL reported better-than-expected fiscal first-quarter 2018 results. Earnings of 52 cents per share surpassed the Zacks Consensus Estimate by 9 cents and improved 36.8% year over year. Revenues of $4.2 billion outpaced the consensus mark by $120.9 million and increased 11.6% year over year. This top-line growth year over year was driven by […]

Weekly Unemployment Claims: Up 3K, Worse Than Forecast

Mar 22, 2018 Jeremy Parkinson Finance 0

Here is the opening statement from the Department of Labor: In the week ending March 17, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 3,000 from the previous week’s unrevised level of 226,000. The 4-week moving average was 223,750, an increase of 2,250 from the previous week’s unrevised average of […]

E Tech Reversal

Mar 22, 2018 Jeremy Parkinson Finance 0

While the focus of world attention is on the collapse of the most crowded trade on global stock markets, tech, other businesses continue with news, deals, financings, and matters to report. Bank of America-Merrill Lynch on Tuesday, reported that at the close of March 15, fund managers it surveyed were 38% overweight in tech stocks, notably […]

Trump Tariffs, Three Hikes And Allianz Scopes Dollar

Mar 22, 2018 Jeremy Parkinson Finance 0

Financial markets have been numb waiting on whether and to what extent Trump’s tariffs will impact the global economy. According to Bloomberg, yesterday Trump said he seeks to impose a $50 billion tariff against China – under the premise of intellectual property infractions. It is widely known that Chinese manufacturers have produced off-brand items and […]

Fed Hikes Wednesday, But Several Key Assets Key Off Of Technicals

Mar 22, 2018 Jeremy Parkinson Finance 0

Wednesday, the FOMC met. The fed funds rate went up another 25 basis points to between 1.5 percent and 1.75 percent. One would think this would drive market action. But looking at a diverse set of assets, technicals played a bigger role in the session than the Fed decision. Pre-meeting, there was widespread […]

Fed Chair Questions Value Of Yield Curve For Recession Forecasts

Mar 22, 2018 Jeremy Parkinson Finance 0

Federal Reserve Chairman Jerome Powell, at his first press conference as the head of the central bank, announced a hike in interest rates. A tighter monetary policy was widely expected. What was surprising was Powell’s comments on the value of the Treasury yield curve as a tool for predicting the next US recession. Responding to the last […]

Tech Bulls Beware, You Don’t Want Selling Here

Mar 22, 2018 Jeremy Parkinson Finance 0

Tech stocks have been on a roll for the past 15-years (long-term bull trend) and nothing of late has changed that! Above looks at the Nasdaq 100/SPY ratio on a monthly basis over the past couple of decades. Over the past 15-years, the ratio has spent the majority of the time inside of rising channel (1), highlighting […]

Facebook Advertisers Start Pulling Out

Mar 22, 2018 Jeremy Parkinson Finance 0

Facebook advertisers have threatened to abandon the platform in the wake of a massive data harvesting scandal which began after it was revealed that an app created by two psychologists – one of whom Facebook employs – gathered data on over 50 million Americans and then sold it to political data firm Cambridge Analytics and several […]

EUR/USD, GBP/USD Show Bullish Continuation Despite USD Rate Hike

Mar 22, 2018 Jeremy Parkinson Finance 0

EUR/USD 4 hour The EUR/USD bounced at the support trend line (blue) yesterday despite the interest rate hike in the US from 1.5% to 1.75% for the US Dollar. The rate hike caused price volatility on lower time frames but ultimately the support level persevered. Price is now retesting the resistance trend line (red) and […]