June 2018 - Page 19 of 72 -

June Regional Fed Manufacturing Overview

Jun 28, 2018 Jeremy Parkinson Finance 0

Five out of the twelve Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. Regional manufacturing surveys are a measure of local economic health and are used as a representative for the larger national manufacturing health. They have been used as a signal for business uncertainty and […]

Atlanta Fed Nowcast Shows 4.5% Q2 GDP Growth

Jun 28, 2018 Jeremy Parkinson Finance 0

Weak Durable Goods Report Hurt By Auto Supplier Fire After the weak manufacturing component of industrial production, we are now seeing weakness in industrial production because of an auto supplier fire. On May 2nd, there was an explosion at an auto supplier called Meridian Magnesium Products of America in Eaton Rapids. This plant has annual […]

Gold Miners/Copper Miners Ratio Is Interesting

Jun 28, 2018 Jeremy Parkinson Finance 0

The GDX/COPX ratio has broken above the 50 & 200 day moving averages and is still going, despite gold’s ignominious state at the moment. Here’s what gold (GLD) looks like today. Here is what copper looked like at yesterday’s close (in-day today it is a hair under 3, at 2.9981/lb). And yes, that is important […]

Contracting S&P 500 Trailing 12-Month P/E Ratio

Jun 28, 2018 Jeremy Parkinson Finance 0

While the S&P 500 is up about 1% year-to-date, earnings strength has caused its trailing 12-month P/E ratio to actually contract 1.78 points from 22.37 at the start of the year down to 20.59 as of this writing. Below we show how trailing 12-month valuations have changed both year-to-date and over the last 12 months. Year-to-date, […]

Explaining The Beta Anomaly

Jun 28, 2018 Jeremy Parkinson Finance 0

The superior performance of low-beta and low-volatility stocks was documented in the literature back in the 1970s — by Fischer Black (in 1972) among others — even before the size and value premiums were “discovered”. The low-beta/low-volatility anomaly has been demonstrated to exist in equity markets around the globe. I’ve already written about the low-volatility […]

What Can Brown Do For You

Jun 28, 2018 Jeremy Parkinson Finance 0

Greetings from flyover country, as I make my way to the Mississippi River. It’s a quiet day in the market, with the ES struggling between a little red and a little green, and not one of my 80 shorts has been stopped out. I’m grateful for a quiet day because it would be a nightmare […]

Corn Analysis – Thursday, June 28

Jun 28, 2018 Jeremy Parkinson Finance 0

Latest Price – $352.50 Weekly Chart Pattern – a downtrend is in progress and I believe a “three strikes and you’re out” low formation is setting up with price currently tracing out its way to the third and final low. Bollinger Bands – price is at the lower band and the question is does price […]

USD/CNH: The Final Frontier In The US-China Trade War?

Jun 28, 2018 Jeremy Parkinson Finance 0

Modern wars are fought with precision tactics and tools like drones, targeted strikes, and heavy reconnaissance to identify where the enemy is weakest. But, as any military historian will tell you, wars used to involve far more blunt tools, like catapults and trebuchets, to inflict maximum damage on the enemy; friendly fire be damned. With […]

Q1 Real GDP Per Capita: 1.35% Versus The 1.99% Headline Real GDP

Jun 28, 2018 Jeremy Parkinson Finance 0

The Third Estimate for Q1 GDP came in at 2.0% (1.99% to two decimals), down from 2.9% in Q4. With a per capita adjustment, the headline number is lower at 1.35% to two decimal points. Here is a chart of real GDP per capita growth since 1960. For this analysis, we’ve chained in today’s dollar […]

Rising Interest Rates: Don’t Ignore This $155-Trillion Problem In The Midst

Jun 28, 2018 Jeremy Parkinson Finance 0

iStock.com/Zerbor Rising Interest Rates Could Create the Next Financial Crisis The Federal Reserve is raising interest rates, and this shouldn’t be taken lightly. In fact, it could be the brewing ground for the next financial crisis. First, let’s talk about the reasons for increasing the rates. You see, the Federal Reserve started to print money […]