August 2018 - Page 126 of 240 -

Trump Calls For End To Quarterly Earnings Reporting

Aug 17, 2018 Jeremy Parkinson Finance, No picture 0

Shifting his attention from trade war, military parades, bashing the fake news medial and conducting foreign policy via Twitter, on Friday morning Trump unexpectedly advocated for a proposal suggested previously by several corporate CEOs and most notably BlackRock’s Larry Fink, suggesting an end of quarterly earnings reports, and shifting to a half year convention instead, […]

Technical Comments On DAX And SPX

Aug 17, 2018 Jeremy Parkinson Finance 0

DAX Prices are trapped inside a downward sloping wedge pattern. Usually, this pattern resolves in a bullish breakout and prices usually move back to the start of the wedge pattern….in this case around 12700. However, since the May highs, DAX has been making lower lows and lower highs. Breaking below 12100 will continue this sequence […]

Small Caps Attempting 20-Year Breakout, Says Joe Friday

Aug 17, 2018 Jeremy Parkinson Finance 0

The Russell 2000 trend remains solidly higher, as it has created a series of higher lows and higher highs inside of rising channel (1) over the past 25-years. Small caps have been an upside leader in 2018, as they are very near all-time highs. We applied Fibonacci extension levels to the 2007 highs and 2009 […]

Mortgage Delinquencies At Multi-Decade Lows

Aug 17, 2018 Jeremy Parkinson Finance 0

Earlier this week, we noted that the New York Fed’s quarterly household debt data showed a collapse in the share of consumers facing collections for bad debts. On Thursday, quarterly data from the Mortgage Bankers’ Association relating to mortgage bankruptcy and delinquency showed similar results. In the charts below we show the share of all loans facing […]

Crude Oil: Hot Dog Days

Aug 17, 2018 Jeremy Parkinson Finance 0

The dog days of August have set in on the moves in the commodities, have been exaggerated. While oil holds the 200-day moving average, after a major seasonal sell-off, the concerns about a serious demand slowdown are most likely overblown. Turkey, of course, is a major oil producer and Consumer. NOT! The fears of contagion, […]

WTI Crude Oil And Natural Gas Forecast – Friday, August 17

Aug 17, 2018 Jeremy Parkinson Finance 0

WTI Crude Oil The WTI Crude Oil market has bounced a slightly during trading on Thursday, as it reached the psychologically important $65 level. By hanging on to this level, it shows signs of life, as this is a crucial level, to say the least. I think that part of this is probably due to […]

Sensex Ends 284 Points Up; FMCG & Metal Stocks Top Gainers

Aug 17, 2018 Jeremy Parkinson Finance, No picture 0

Indian share markets settled higher today taking cues from their Asian peers. At the closing bell, BSE Sensex ended up by 284 points, while, NSE Nifty ended up by 86 points. Except for energy stocks, all sectoral indices ended the day in green with metal stocks and FMCG stocks leading the gainers. Globally, Asian stock markets finished mixed as of the most recent closing prices. The Hang Seng gained […]

Morning Call For Friday, August 17

Aug 17, 2018 Jeremy Parkinson Finance 0

Overnight Markets And News Sep E-mini S&Ps (ESU18 -0.11%) this morning are down -0.09% and European stocks are down -0.10% as losses in technology stocks weigh on the overall market. Nvidia is down almost 4% in pre-market trading and Applied Materials dropped nearly 6% after both companies gave disappointing guidance on future earnings. Another negative is […]

E Markets: Explanations

Aug 17, 2018 Jeremy Parkinson Finance 0

The storyline for the week has been China trade talks and a stable CNY versus Turkey defiance as it goes its own way to fix the TRY and economic crisis as it battles the US over a jailed Pastor. The US Treasury Mnuchin threat for more sanctions on Turkey at the US close has led the TRY […]

Gold’s Initial Lackluster Response To Turkey Likely To Be A Red Herring

Aug 17, 2018 Jeremy Parkinson Finance, No picture 0

Turkey is going through an economic crisis―the lira has dropped to an all-time low, 34% over the week ending August 10. The euro also fell 2% over the week because some of the eurozone’s largest banks are lenders to Turkey, as highlighted by the European Central Bank’s financial watchdog department. Gold traditionally has been seen as a […]